Computer Motion
This article was originally published in The Gray Sheet
Executive Summary
Zeus robotic surgical system manufacturer anticipates 510(k) clearance for general laparoscopic surgery indication to occur within "the next four to five weeks," Chairman and CEO Bob Duggan tells investors during a July 15 second-quarter earnings call. After receiving clearance, the firm plans to file a 510(k) for thoracic surgery. The company hopes that the two additional indications will even the playing field with competitor Intuitive Surgical (1"The Gray Sheet" March 4, 2002, p. 18). Computer Motion reported sales of $5.1 mil., up 27% over the same period last year, while its net loss was $4.9 mil., down 7%...