Tag: Mazor Robotics

Mazor Robotics signs deal with group purchasing organization

Israel’s Mazor Robotics, creator of the Renaissance surgical guidance system, reported today that it has signed an agreement with one of the largest group purchasing organizations for hospitals and acute and non-acute healthcare facilities. Under the agreement, the company’s products will be available to the GPO’s members, which include hundreds of hospitals and freestanding surgery

Mazor will join two top indexes on the Tel Aviv Stock Exchange

Mazor Robotics reported today that, effective Dec. 15, it will be included in both the Tel Aviv Stock Exchange (TASE) Top 75 and Top 100 indexes. The Top 75 index, or TA-75, is a share index of the 75 most highly capitalized companies on the TASE not included in the TA-25 index. The TA-100 index, known as the Tel Aviv 100, is a stock

Mazor Robotics fundraising to benefit U.S. sales, marketing

The Israeli business daily Globes reported yesterday that Mazor Robotics has filed a draft prospectus with the U.S. Securities and Exchange Commission to raise up to $46 million through the sale of American depositary shares on the Nasdaq stock market. American depositary shares make it easier for U.S. investors to invest in foreign companies; in this case, each

Surgical robots simultaneously break ground, endure scrutiny

Yesterday Mazor Robotics announced the world’s first (and second, and third) successful robot-aided deep brain stimulation (DBS) procedures. Using Mazor’s Renaissance robotic guidance system, neurosurgeon Nizam Razack performed the procedure at Celebration Health Hospital in Orlando, Fla. DBS, a recognized treatment for Parkinson’s Disease, involves surgically implanting a small battery-operated neurostimulator to deliver electrical stimulation

Mazor Robotics Q2 revenue doubles, beats estimates

Israeli surgical robotics firm Mazor Robotics yesterday reported promising financial results despite a net loss for second-quarter 2013, which ended June 30. According to CEO Ori Hadomi, “Our strong financial performance, highlighted by the revenue increase and gross margin expansion, demonstrates continued global adoption of our Renaissance systems as we ended the second quarter with 54

Mazor Robotics doubles Q1 revenue, focuses on U.S.

The biggest name in robot-assisted surgery is Intuitive Surgical, whose da Vinci Surgical System has been installed in more than 2,000 hospitals since its introduction in 1999. However, with sales of medical robots topping a billion dollars annually (Intuitive itself reported revenue of $611 million in its most recent quarter) and expected to grow, they are