JustRight Surgical and Intuitive Surgical Ink Deal That Expands Reach of Breakthrough Laparoscopic Technology
August 09 2017 - 6:00AM
Business Wire
JustRight Surgical, LLC, the company pioneering
mini-laparoscopic surgical instruments, today announced it has
entered into a licensing agreement with Intuitive Surgical (NASDAQ:
ISRG), a global technology leader in robotic-assisted minimally
invasive surgery. The agreement provides Intuitive Surgical with a
worldwide, exclusive license to JustRight Surgical’s intellectual
property in energy-based vessel sealing and tissue stapling
technologies for use in the robotics field. The deal also includes
joint product development and an equity financing arrangement.
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JustRight Surgical's tiny new
laparoscopic surgery technology permanently fuses vessels while
using significantly less energy, a major advance in safety. (Photo:
Business Wire).
“We are excited to team up with Intuitive Surgical to expand the
impact of JustRight Surgical’s technology beyond pediatric
patients,” said Robert Kline, CEO of JustRight Surgical. “Our Low
Power Vessel Sealing technology and Mini Mechanical Stapler
combined with Intuitive Surgical’s minimally invasive expertise
will now have the potential to improve safety and outcomes for
adult-sized patients undergoing robotic surgery.”
JustRight’s low power vessel sealing technology permanently
fuses vessels while using significantly less energy, a major
advance in safety when performing minimally invasive surgical
procedures.
In part due to such advances, the global laparoscopic
instruments market is projected to reach USD 11.68 Billion by 2021,
growing at a CAGR of 8.9 % from 2016 to 2021, according to a
Markets and Markets industry report. The growth is also
attributable to growing patient and physician preferences for
laparoscopic surgery.
CEO Kline added, “The collaboration with Intuitive Surgical
marks a major milestone for JustRight. The entry into adult robotic
surgery significantly expands the reach and applicability of our
mission of enabling safer and more precise laparoscopic surgery
through the delivery of exceptional surgical technologies and
instruments.”
About JustRight SurgicalJustRight Surgical, LLC develops
and markets mini-laparoscopic surgical devices that improve and
enable laparoscopic procedures in patients where access is limited
and visibility reduced. JustRight’s technology was developed by a
proven team of medical device professionals working closely with
world-renowned surgeons. JustRight is the first and only company to
secure FDA clearance for a low-power electrosurgical device, the
3mm JustRight Vessel Sealing System, to be used specifically for
pediatric patients. The Company also developed the world’s first
5mm Mechanical Stapler with a pediatric indication. JustRight
Surgical instruments are currently in use in more than 100
children's hospitals in the U.S. and Europe.
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KOGS CommunicationEdna Kaplan, 781-639-1910kaplan@kogspr.com
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