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The company added that it also set aside $67.4 million in the first quarter of 2014 and $9.6 million in the second quarter so it could settle a number of product liability claims.
Intuitive is a big player in the surgical robots market, which Grand View Research projects will increase at a compounded annual growth rate of 9.5% until 2030.
Intuitive Surgical is best known for the da Vinci system, a robotic-assisted surgery (RAS) device that allows physicians to perform various procedures, from kidney removals to hernia repairs. One ...
For the fiscal year 2017, Intuitive Surgical reported earnings of US$660 million, with an annual revenue of US$3.129 billion, an increase of 15.7% over the previous fiscal cycle. Intuitive Surgical's shares traded at over $307 per share, and its market capitalization was valued at over US$58 billion in November 2018. [10]
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One of the most significant advancements in this period was the da Vinci Surgical System, which was approved by the FDA for use in surgical procedures in 2000 (Intuitive Surgical, 2021). The da Vinci system uses robotic arms to manipulate surgical instruments, allowing surgeons to perform complex procedures with greater accuracy and control. [ 9 ]
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Intuitive Surgical shares took a nose dive Thursday, falling 11% in the closing minutes of trading in reaction to a Bloomberg article that exposed an FDA inquiry into a rise in adverse event ...
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