Receive our newsletter – data, insights and analysis delivered to you
  1. News
February 21, 2017

Medrobotics closes $20m financing for surgical robotic technology

US-based medical device manufacturer Medrobotics has closed a $20m preferred stock financing round, which included participation of its existing shareholders.

US-based medical device manufacturer Medrobotics has closed a $20m preferred stock financing round, which included participation of its existing shareholders.

The firm intends to utilise the proceeds to upgrade and develop its Flex robotic system with more fully robotic instrument options, as well as to expand its surgical applications such as single-port general and gynecological surgeries.

The Flex robotic system is a robotic surgical platform with a steerable and shapeable robotic scope.

Medrobotics plans to continue performing the scarless ENT, colorectal and gynecological procedures via natural body orifices with steerable and shapeable robotic surgical products.

The Flex robotic system will be further developed for single port abdominal applications in several difficult to reach procedures in general surgery, urology and gynecology.

Cleared for ENT procedures, the robotic system has an articulated multi-linked scope that can be moved along non-linear and circuitous paths, addressing the concerns with traditional, straight scopes.

Content from our partners
“Everything is custom”: Behind the scenes of medical wire solutions
The added value of Qarad’s multilingual freephone service to their eIFU solution
Small and simple: how medical device manufacturers select materials

It allows access to hard to reach anatomy in both otolaryngology and colorectal procedures.

"The Flex robotic system will be further developed for single port abdominal applications in several difficult to reach procedures in general surgery, urology and gynecology."

The system features an on-board HD visualisation that facilitates clear view of the navigation path and surgical site, in addition to two working channels that accept a variety of surgical and interventional instruments.

Medrobotics secured the CE mark for the robotic system in March 2014 and the US Food and Drug Administration (FDA) clearance in July 2015.

The firm has also received regulatory clearance for minimally invasive, flexible robotic products for colorectal procedures in Europe and Asia.


Image: A piece of surgical, robotic technology. Photo: courtesy of Business Wire/Medrobotics.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The medical device industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU