"The future of surgery is not about blood and guts; the future of surgery is about bits and bytes.”
/Dr. Richard Satava/

Wednesday, April 27, 2016

Monday, April 25, 2016

Auris buys Hansen Medical


"Auris Surgical Robotics, Inc. and Hansen Medical, Inc. (NASDAQ: HNSN) announced that they have signed a definitive merger agreement under which Auris will acquire Hansen Medical for $4.00 per share in cash, or a total equity value of approximately $80 million. The purchase price per share represents a premium of approximately 39.9% over the closing sale price of common stock of Hansen Medical as reported on NASDAQ on April 19, 2016. In addition, certain significant stockholders of Hansen Medical have agreed to invest approximately $49 million into Auris contemporaneously with the closing of the transaction.
"Hansen Medical has developed a technology leadership position in the field of intravascular robotics," commented Dr. Fred Moll, Chief Executive Officer of Auris. "There remains a significant opportunity in flexible robotics and I am excited to combine with Hansen Medical to advance this market."
"We are pleased with this outcome, which we believe maximizes value for our shareholders. The combined capabilities of Auris and Hansen Medical will accelerate the proliferation of medical robotics to advance patient care," said Cary Vance, President and CEO of Hansen Medical.
The transaction is expected to close in mid-2016, subject to customary closing conditions, including Hansen Medical shareholder approval. Holders of approximately 65.4% of Hansen Medical's outstanding shares, including all executive officers and directors of Hansen Medical and the significant stockholders described above, have entered into voting agreements with Auris and Hansen Medical pursuant to which they have agreed to vote in favor of and otherwise support the transaction.
PJT Partners provided financial advice to Auris on the transaction, with Morrison & Foerster LLP serving as legal adviser to Auris. In connection with the transaction, Perella Weinberg Partners LP is serving as financial adviser to a Special Committee of the Board of Directors of Hansen Medical, Sidley Austin LLP is serving as legal adviser to Hansen Medical and Morris, Nichols, Arsht & Tunnell LLP is serving as legal adviser to the Special Committee of the Board of Directors of Hansen Medical.
About Auris Surgical Robotics, Inc.
Auris is a technology company defining the future of medical intervention. By combining advancements in medical robotics, instrumentation, navigation and data science, Auris is building a platform technology capable of expanding the applicability of robotics to a spectrum of medical procedures. 
About Hansen Medical, Inc.
Hansen Medical, Inc., based in Mountain View, California, is a leader in intravascular robotics, developing products and technology designed to enable the accurate positioning, manipulation and control of catheters and catheter-based technologies. The company's Magellan™ Robotic System, Magellan Robotic Catheters, and related accessories are intended to facilitate navigation to anatomical targets in the peripheral vasculature and subsequently provide a conduit for manual placement of therapeutic devices. The company's mission is to enable cardiac arrhythmia and endovascular procedures and to improve patient outcomes through the use of intravascular robotics. Additional information can be found at www.hansenmedical.com.
"Hansen Medical," "Hansen Medical (with Heart Design),"and "Heart Design (Logo)" are registered trademarks, and "Magellan" and "Hansen Medical Magellan" are trademarks of Hansen Medical, Inc. in the U.S. and other countries. All other trademarks are the property of their respective owners.

Source: MarketWired

Sunday, April 24, 2016

Mystery--solved

 
Following our previous post about the fate of AVRA, here is the true story: 

"In November 2011, AVRA Surgical Robotics, a US corporation who wanted to develop a surgical robotics system, approached Gombert. To pursue development of the surgical robot, a newly created subsidiary, MIS Robotics, entered into an agreement in October 2012 with RG Mechatronics, whereby the latter agreed to conduct the development and manufacturing of the surgical robotics system.
In the next six months, AVRA provided to its subsidiary loans totaling over US$4.5 million. But, by the end of 2012, the funding arrangement started to become troublesome. Eventually, Gombert terminated his connections with AVRA in March 2013, but in the meantime RG Mechatronics developed the surgical arm.
Later that year, Gombert acquired RG Mechatronics GmbH and started converting the surgical arm into an industrial collaborative robot. In April 2014, RG Mechatronics GmbH was renamed Gomtec GmbH to reflect “the change in commercial direction from consulting engineers to robot manufacturer.” Then in June 2014, Gombert unveiled its collaborative robot arm at Automatica 201 (see photo bellow), right next to KUKA’s booth."

Read more about Gomtec, later acquired by ABB here.

Friday, April 22, 2016

Another mystery

Could it be that the today-debuting FRANKA robot is/was behind the mysterious AVRA Surgical? Add your thoughts in the comment line!

Updates: with a little more investigation, the true story of AVRA was revealed.

Wednesday, April 20, 2016

Sunday, April 17, 2016

IEEE SMC deadline extrended

The SMC Special Session on Medical CPS deadline has been extended! Make sure you do not miss the final, May 1 deadline.

Important Dates
April 15 May 1, 2016: Deadline for submission of full-length papers
May 25, 2016: Acceptance/Rejection Notification.
July 9, 2016: Final camera-ready papers due in electronic form.

Submission   
Manuscripts for a Special Session should NOT be submitted in duplication to any other regular or special sessions and should be submitted to SMC2016 main conference online submission system on SMC2016 conference website.
All submitted papers of Special Sessions have to undergo the same review process (three completed reviews per paper).  The technical reviewers for each Special Session paper will be members of the SMC2016 Program Committee and qualified peer-reviewers to be nominated by the Special Session organizers.


There are other relevant Special Sessions as well, such as the SMC TC on Robotics and Intelligent Sensing's on "Robotics, Human-Machine Interface and Haptics." We welcome paper submissions covering your recent advancements and results in these areas.

More info: IEEE SMC 2016