A Drowning Medtech Company Clings to a Life Preserver

The company that once hoped to take on Intuitive Surgical and “revolutionize the robotic market” is currently clinging to a life preserver from Karl Storz.

As MD+DI reported last week, Karl Storz and Asensus Surgical are in negotiations for a potential acquisition. The companies signed a letter of intent that includes an exclusivity period of up to 10 weeks. The problem is that as of March 21, Asensus just barely had enough available cash to survive that long.