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Article: POWER MEDICAL INTERVENTIONS $2.5 MILLION FROM INTUITIVE SURGICAL.
- Article from:
- Biotech Equipment Update
- Article date:
- April 1, 2009
CopyrightCOPYRIGHT 2009 Worldwide Videotex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Power Medical Interventions, Inc. (Nasdaq:PMII), a leader in developing and commercializing Intelligent Surgical InstrumentsT, has received a $2.5 million payment from Intuitive Surgical, Inc. The payment to Power Medical Interventions (PMI) was made in connection with the License and Development Agreement signed in September 2008 and is related to a novel surgical stapling device that is being jointly developed by PMI and Intuitive. The device is being developed to attach to Intuitive's da VinciR Surgical System and will utilize PMI's patented surgical stapling technology. Once developed, this attachment will enable a physician utilizing the da Vinci Surgical System to ...
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