Looks like they submitted for 510K clearance. I don't see the appeal to this product, it looks like a hybrid between Lap Surgery and Robotic with no clear advantage over either modality. Not sure if hospitals will pony up for--yet another device with marginal clinical benefit. Use ISI or do a Lap case. Thoughts? I'm trying to decide if 510 approval and a market release will drive the stock price up.
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Transenterix own statement says their not trying to compete with intuitive. My guess is that they will target surgery centers and rural hospitals that don't have millions for a davinci program. If the technology is worth a shit, maybe they get bought out by one of the big boys? Don't see them making much noise otherwise...