Surgical Science Stock Plummets After Intuitive Terminates Da Vinci Agreement
Photo by Natanael Melchor on Unsplash
Surgical Science's stock plummeted by over 60% after Intuitive Surgical ended an agreement to integrate their simulation software into all new Da Vinci 5 robots. Intuitive Surgical now intends to offer Surgical Science's software to select clients only and include their own simulation package in the remaining Da Vinci 5 systems, impacting the market's perception of Surgical Science.
Key takeaways
- Surgical Science's stock price experienced a significant decline, dropping over 60%, following Intuitive Surgical's termination of a key agreement concerning the Da Vinci 5 surgical robot
- The original agreement stipulated that Surgical Science's simulation software would be integrated into all new Da Vinci 5 units
- However, Intuitive Surgical has revised its strategy, opting to offer the software only to select clients and providing its own proprietary basic simulation package for the remaining Da Vinci 5 systems
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