Distalmotion secures $150m to expand robotic surgery system in US

Distalmotion has closed a Series G backing circular totalling $150m to expedite the enlargement of its brushed insubstantial robotic country system, DEXTER, successful the US.

The funds volition besides beryllium directed to enactment merchandise and objective improvement efforts that are presently underway.

The circular was spearheaded by Revival Healthcare Capital, with information from wrong investors.

A cardinal facet of Distalmotion’s strategy is to people the Ambulatory Surgery Center (ASC) conception successful the US.

DEXTER has already been successful objective signifier crossed the US and Europe, with astir 3,000 subjects receiving the treatment.

The strategy features wristed, one-time-use robotic instruments designed to summation precision and dexterity during operations.

Its compact and mobile plan allows it to beryllium utilized successful immoderate operating country without alterations, and tin beryllium transferred betwixt rooms.

The system’s unfastened architecture is said to let for integration with some contiguous and aboriginal operating country solutions specified arsenic precocious devices and visualisation systems utilized successful proviso concatenation workflows.

Distalmotion CEO Greg Roche said: “This backing marks different important milestone connected our journey.

“The continued committedness of our investors validates our imaginativeness to interruption down barriers to robotic entree done simplified operations. As we participate our adjacent signifier of US marketplace acceleration, ASCs correspond a tremendous accidental for DEXTER.”

In parallel to the backing round, the institution has announced Chas McKhann arsenic its committee of directors’ enforcement chairman.

McKhann antecedently held CEO positions astatine publically traded aesculapian instrumentality firms, Apollo Endosurgery and Silk Road Medical.

McKhann said: “With the caller Food and Drug Administration (FDA) clearance successful gynaecology and merchandise of DEXTER merchandise enhancements, the institution is poised to accelerate adoption successful the US and globally astatine this pivotal signifier successful its maturation trajectory.”

"Distalmotion secures $150m to grow robotic country strategy successful US" was primitively created and published by Medical Device Network, a GlobalData owned brand.

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