Insightec Ltd.

Anovo robotic surgical platform is the world's first single port robotics platform approved for ventral hernia repairs in the US TEL AVIV, Israel and FORT LAUDERDALE, Fla., Oct. 15, 2024 /PRNewswire/ -- Momentis Surgical Ltd., a medical device company dedicated to transforming robot-assisted surgery with its proprietary technology, today announced that the U.S. Food and Drug Administration (FDA) has granted 510(k) Clearance to its Anovo™ robotic surgical platform for use in single site, abdominal access ventral hernia repair. The FDA clearance announced today complements the system's existing approvals in natural orifice laparoscopic-assisted transvaginal benign gynecology surgical procedures. Continue Reading Anovo's flexible robotic arms Dvir Cohen, CEO and Co-Founder of Momentis Surgical, said, "Leveraging the clinical achievements of our Anovo platform in gynecology and the connections we established with leading medical centers worldwide, we have seized the opportunity to expand to general surgery for our groundbreaking technology. Due to its size and mobility, our system can be used both in hospitals and outpatient settings, where most hernia surgeries can be performed, but are not currently, because of the limitations of existing robotic platforms. Anovo's unique features allow surgeons and patients access to robotic procedures outside the hospital by offering robotic technology to ambulatory surgical centers." Anovo is the world's first single port robotics platform approved by the FDA to perform ventral hernia procedures. Performing procedures through a single port with multiple flexible instruments has the potential to result in less invasive and less traumatic outcomes for the tissue at the point of entry, enabled by the small portable robotic system. The Anovo system is the first and only FDA-authorized surgical robotic platform that features miniature humanoid-shaped robotic arms that provide human level dexterity, multi-planar flexibility and 360 degrees of articulation. The biomimetic instruments are designed to replicate the motions and capabilities of a surgeon's arms, with shoulder, elbow and wrist joints. Multiple instruments can be introduced to the body through a single portal and the 360-degree articulation offers obstacle avoidance as well as optimal access and working angles. "This FDA authorization represents a significant advancement in the world of robotic surgery by making Anovo a versatile robotics platform for multi-specialty use," said Professor Tim Tollens, MD, Head of Surgery at Imelda Hospital in Bonheiden, Belgium, who performed a series of ventral hernia procedures using the Anovo system. "I have experience with other robotic systems and the Anovo platform is not only potentially better for my patients by reducing the number of incisions, but also incredibly easy for me and my OR staff to use. The average docking time for the robot was under 2 minutes, which is an order of magnitude faster than other robotic systems." Frederic H. Moll, M.D., Momentis board member and founder of Intuitive Surgical and Auris Health, added, "I have spent my career developing groundbreaking surgical robotic technology and I believe the future of soft tissue robotics is flexible instruments. I am very impressed with what the Momentis team has achieved to date. As the company has now created a true robotics platform, this technology is clearly differentiating and will have an immediate impact on the way general surgery is performed as it has in gynecology." "We are thrilled with adding a very high-volume surgical procedure to the approved indications for Anovo," said Maurice R Ferré, MD, Chairman of Momentis Surgical, Chairman and CEO of Insightec and Co-Founder and former CEO of MAKO Surgical. "This is only the beginning of the impact this single port, flexible robotics platform will have on robotic surgery." About Momentis Surgical™ Momentis Surgical is dedicated to transforming the field of robotic surgery by developing innovative small footprint, cost-effective, robotic-assisted technologies and techniques for a growing number of clinical applications. Our goal is to empower surgeons to perform minimally invasive, complex procedures, enabling better patient outcomes, lowering cost of care, and opening access to surgical robotics to more surgeons, patients, hospitals, and surgery centers across the globe. For more information, visit: . Media Contact: Tsipi Haitovsky Global Media Liaison +972-525-989892 [email protected] Photo - SOURCE Momentis Surgical WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In GET STARTED

Collaboration stands to advance novel therapeutic applications across multiple neurologic conditions WILMINGTON, Mass., MIAMI and HAIFA, Israel, Sept. 4, 2024 /PRNewswire/ -- Charles River Laboratories International, Inc. (NYSE: CRL) and Insightec, a global healthcare company dedicated to using focused ultrasound to transform patient care, today announced the launch of a five-year strategic collaboration to provide Charles River's clients access to a comprehensive global service and technology platform for the application of focused ultrasound (FUS) for drug discovery and preclinical development of therapeutics in neuroscience. Insightec's novel low-frequency ultrasound platform non-invasively disrupts the blood brain barrier, enabling drugs to be delivered to targeted brain areas. The procedure has generated positive clinical evidence across several neurological diseases, including Parkinson's disease, Alzheimer's disease, and oncology indications, and holds promise for increasing efficacy of neurological drugs, to impact better health and outcomes for patients in the future. Insightec Logo Charles River Logo

Dive Brief:Venture capital investment in medtech companies rose roughly 3% year over year to $3.3 billion in the second quarter, according to a new report from market data resarch firm Pitchbook.At the current rate, VC funds will invest close to 20% more in medtech firms this year than in 2023, Pitchbook said, offering support for the view that the industry has passed through the trough of funding.The value of exits for venture-backed medtech companies increased to $6.6 billion in the first half of 2024, although the data are skewed by Tempus initial public offering. Acquisitions of late-stage VC startups have been rare, a fact Pitchbook attributed to ongoing price gaps between buyers and sellers.Dive Insight:The number and value of VC investments in medtech companies peaked in 2021, per Pitchbooks data. Compared to the peak, the number of investments in 2023 was down 27% and the amount invested had fallen by 45%. Last year appears to be the low point for investment.VC investment fell sequentially in 2024, slipping from $3.5 billion in the first quarter to $3.3 billion in the second quarter. However, investment in the second quarter was still up about 3% year over year. The results suggest investment in 2024 can exceed the $11.5 billion seen last year.The number of investments, at 419, is tracking below the pace of 2023. The amount invested has increased despite flat to down deal numbers because VC funds have placed big bets on a small number of companies. Pitchbook said there were five deals above $100 million in the quarter, and the increase indicates ongoing investor preference for quality and optimism around greater exit possibilities.A $150 million investment in Insightec, a developer of focused ultrasound treatment, was the largest VC round in the second quarter. Pitchbook estimates Insightec will exit by listing its shares on a stock exchange.The prediction follows a quarter in which Tempus raised $400 million in an IPO. The public offering by the precision medicine company showed unprofitable medtech companies can go public in the current environment. Pitchbook said Tempus success could shift investors' willingness to support unprofitable companies if a public listing emerges as a realistic possibility.The extent to which the IPO window opens could affect mergers and acquisitions. Belkin Vision, Attune Medical, C2i Genomics and Blackrock Neurotech were all acquired in the quarter. Combined with the IPO exits, the deals led Pitchbook to view VC exit levels in medtech for 2024 so far as a solid win for the sector and a positive sign for deal value and exit momentum going forward.Yet, the Pitchbook analysts said deal activity for late-stage VC startups is lagging acquisitions of larger, publicly traded companies such as Shockwave Medical, Axonics, Abiomed and Silk Road Medical. The analysts attributed the lack of buyouts of venture-backed firms to sellers asking for more than buyers are willing to pay. The availability of IPOs as an exit option may influence whether the valuation gap persists.If the IPO window remains closed, this could benefit strategics from an M&A standpoint, as startups may be more willing to be acquired at a reasonable multiple, wrote Pitchbook. '