Bruce Jenkins | Ora Research Bulk-material simulation specialist EDEM released a co-simulation solution between its software and RecurDyn, the multibody dynamics modeling and simulation toolset from FunctionBay. This new integration enables engineers designing heavy equipment such as excavators, ploughs and off-road vehicles to introduce realistic bulk-material behaviors into their multibody dynamics simulations. EDEM says the […]
Mazor Robotics crushes expectations with Q3 results
Mazor Robotics (NSDQ:MZOR) today reported third-quarter results that blew past the consensus forecast on Wall Street, nearly doubling sales and paring its losses by nearly 13%. The Caesarea, Israel-based robot-assisted surgery company posted losses of -$12.6 million, or -26¢ per share, on sales of $44.4 million for the three months ended Sept. 30, cutting red ink…
Mazor Robotics wins CE Mark for Mazor X surgery platform
Mazor Robotics (NSDQ:MZOR) said today that it won CE Mark approval in the European Union for its Mazor X robot-assisted surgery platform, setting the stage for strategic backer Medtronic (NYSE:MDT) to put the device on the European market. “Receipt of the CE Mark is an important step in our plan to expand the patient, surgeon and hospital benefits…
Medtronic, Mazor Robotics close $40m round
Mazor Robotics (NSDQ:MZOR) said today that closed the third, $40 million tranche of a deal with Medtronic (NYSE:MDT), which is due to take on exclusive global distribution rights for the Mazor X robot-assisted surgery device. It’s the third investment in the Israeli surgical robotics concern for Fridley, Minn.-based Medtronic, taking its total investment to $72 million, 10.6% stake in…
Mazor Robotics gets a boost from Q2 prelims
Shares in Mazor Robotics (NSDQ:MZOR) got a boost today as investors reacted to its forecast for record second-quarter sales. Caesarea, Israel-based Mazor said it expects to post revenues of roughly $15.4 million for the 3 months ended June 30, which would be a 85.5% increase over the same period last year and 24.6% above the consensus…
Mazor Robotics reveals Israeli regulatory probe
Mazor Robotics (NSDQ:MZOR) yesterday revealed a probe by Israel’s version of the U.S. Securities & Exchange Commission, sending share prices down today in early trading. Caesarea, Israel-based Mazor said the Israeli Securities Authority searched its offices and questioned some members of management in May, “in connection with an investigation held by the ISA.” “Mazor has not been informed…