Adept Technology and Prosurgics collaborate in surgical robot development

11 March 2008

Adept Technology, Inc. (NASDAQ:ADEP), a Californian developer of intelligent robotics systems, and UK-based Prosurgics, a developer of image-guided surgical robotics systems, have agreed to collaborate in the development of the next generation of Prosurgics’ surgical robotic systems for image-guided and navigated neurological and soft tissue surgery.

Examples of the emerging surgical robotics market are in cardiac and prostate surgery. Surgical robots are now performing more than 50% of prostatectomies in the US. Clinical outcome data for the latter has shown superior patient outcomes while at the same time delivering a compelling economic benefit.

“The surgical robotics market requires very high precision products with no room for error,” said Rob Bucher, Adept’s chief executive officer. “Our goal in working with Prosurgics is to create technology platforms that can be used in a range of surgical systems, thereby lowering these systems’ total cost of ownership and expanding the reach of our technology throughout the surgical market. Prosurgics’ technology and commercial strategy is complementary to our own and will strengthen Adept’s position in this important high growth market allowing us to more quickly address the market.”

“This collaboration with Adept Technology is a major milestone in Prosurgics’ rapid growth in the global surgical robotics market,” said Paul Moraviec, Prosurgics’ Chief Executive. “Adept’s leading position in advanced robotics will enable us to jointly develop competitive and innovative surgical robotic solutions, optimizing time to market and reducing cost. Our vision is to provide affordable products that enable surgeons to deliver improved outcomes to their patients and that will optimize economics for healthcare providers.”

The surgical robotics market in the USA alone is forecast to be worth approximately $2.5 billion by 2011 (BCC Research) with an expected average annual growth rate of 43% in the period 2006-2011.

Prosurgics, formerly Armstrong Healthcare, rebranded in 2006 and refocused the business. It raised £1.3m for refinancing and planned to raise a further £2.7m over three years.

Your browser does not support inline frames or is currently configured not to display inline frames.	Your browser does not support inline frames or is currently configured not to display inline frames. Adept Technology and Prosurgics collaborate in surgical robot development 11 March 2008 Adept Technology, Inc. (NASDAQ:ADEP), a Californian developer of intelligent robotics systems, and UK-based Prosurgics, a developer of image-guided surgical robotics systems, have agreed to collaborate in the development of the next generation of Prosurgics’ surgical robotic systems for image-guided and navigated neurological and soft tissue surgery. Examples of the emerging surgical robotics market are in cardiac and prostate surgery. Surgical robots are now performing more than 50% of prostatectomies in the US. Clinical outcome data for the latter has shown superior patient outcomes while at the same time delivering a compelling economic benefit. “The surgical robotics market requires very high precision products with no room for error,” said Rob Bucher, Adept’s chief executive officer. “Our goal in working with Prosurgics is to create technology platforms that can be used in a range of surgical systems, thereby lowering these systems’ total cost of ownership and expanding the reach of our technology throughout the surgical market. Prosurgics’ technology and commercial strategy is complementary to our own and will strengthen Adept’s position in this important high growth market allowing us to more quickly address the market.” “This collaboration with Adept Technology is a major milestone in Prosurgics’ rapid growth in the global surgical robotics market,” said Paul Moraviec, Prosurgics’ Chief Executive. “Adept’s leading position in advanced robotics will enable us to jointly develop competitive and innovative surgical robotic solutions, optimizing time to market and reducing cost. Our vision is to provide affordable products that enable surgeons to deliver improved outcomes to their patients and that will optimize economics for healthcare providers.” The surgical robotics market in the USA alone is forecast to be worth approximately $2.5 billion by 2011 (BCC Research) with an expected average annual growth rate of 43% in the period 2006-2011. Prosurgics, formerly Armstrong Healthcare, rebranded in 2006 and refocused the business. It raised £1.3m for refinancing and planned to raise a further £2.7m over three years. Your browser does not support inline frames or is currently configured not to display inline frames. To top	Your browser does not support inline frames or is currently configured not to display inline frames.