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Asensus Surgical, Inc. - ASXC STOCK NEWS

Welcome to our dedicated page for Asensus Surgical news (Ticker: ASXC), a resource for investors and traders seeking the latest updates and insights on Asensus Surgical stock.

Asensus Surgical, Inc. (NYSE American: ASXC) is a trailblazing medical device company that enhances minimally invasive surgery through digital laparoscopy. The company's flagship product, the Senhance® Surgical System, is the first machine vision system used in robotic surgery. It leverages augmented intelligence, connectivity, and robotics to address clinical, cognitive, and economic challenges in surgery.

Headquartered in Research Triangle Park, North Carolina, Asensus Surgical focuses exclusively on the research, development, and sale of medical device robotics aimed at improving surgical outcomes. The company's cutting-edge technology includes the Intelligent Surgical Unit™ that brings augmented intelligence into the operating room. One of its latest innovations is the LUNA™ Surgical System, a next-generation robotic and instrument system under development.

Committed to global healthcare improvements, Asensus Surgical has expanded its reach with the Senhance System now available in the US, EU, Japan, Russia, and select other countries. The system has recently been adopted by Nagoya University Hospital in Japan, dedicated to pediatric procedures. This marks a significant milestone, as the Senhance System offers specialized instrumentation and advanced clinical intelligence, aimed at reducing invasiveness and increasing precision in pediatric surgery.

In a recent strategic move, Asensus Surgical entered into a definitive merger agreement with KARL STORZ Endoscopy-America, Inc., a subsidiary of KARL STORZ SE & Co. KG. This merger, valued at $0.35 per share, is anticipated to enhance KARL STORZ's portfolio and market presence, particularly in the robotic surgical market. The transaction has been unanimously approved by Asensus’ Board of Directors and is expected to close during the third quarter of 2024.

Asensus Surgical continues to be driven by collaboration and human ingenuity, striving to make surgery more accessible and predictable while delivering consistently superior outcomes. For more detailed information, visit www.asensus.com.

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Asensus Surgical, Inc. (ASXC) to release first quarter 2024 financial and operating results on May 14, 2024. The company will host a conference call to discuss the results.

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Asensus Surgical, Inc. announced that Sendai Tokushukai Hospital in Japan has initiated a Senhance Surgery Program, leasing a Senhance Surgical System, becoming the second institution within one of Japan's largest private hospital systems to do so. The system offers innovative features like haptic feedback, enhancing surgical capabilities. This collaboration aims to elevate patient care and outcomes, aligning with the hospital's commitment to excellence.

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Asensus Surgical, Inc. announces a non-binding letter of intent with KARL STORZ SE & Co. KG for a potential acquisition, including up to $20 million in bridge financing. KARL STORZ proposes to acquire 100% of Asensus' common stock for $0.35 per share, a 66.7% premium. The exclusivity period allows for diligence and negotiation of a definitive merger agreement.
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Asensus Surgical, Inc. (ASXC) reported its operating and financial results for Q4 and full year 2023, showcasing growth in surgical procedures and revenue. The company completed evaluations of its LUNA Surgical System and saw an increase in Senhance Surgical System usage globally. With a revenue of $8.6 million for 2023 and cash reserves of $21.1 million, Asensus Surgical aims for significant milestones in 2024.
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Asensus Surgical, Inc. (ASXC) to release Q4 and full year 2023 financial results on March 21, 2024. Conference call scheduled for discussing the results.
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Asensus Surgical, Inc. (ASXC) will participate in the Oppenheimer 34th Annual Healthcare MedTech & Services Conference with Shameze Rampertab, EVP and CFO, presenting virtually on March 12, 2024. The webcast will be available on the company's investor relations page for 90 days.
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Asensus Surgical, Inc. (ASXC) celebrates surpassing 1,000 successful cases with Senhance Surgical System at three international hospitals, showcasing the growing acceptance and confidence in their innovative technology.
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Asensus Surgical, Inc. announced that Nagoya University Hospital in Japan has entered into an agreement to lease and utilize a Senhance® Surgical System in their Pediatric Surgery Department, making it the first pediatric installation in Japan and the fourth globally for 2023. The system is specifically equipped to meet the demands of pediatric surgery, offering specialized instrumentation and advanced clinical intelligence to reduce invasiveness and increase precision. Dr. Hiroo Uchida of the Department of Pediatric Surgery at Nagoya University Hospital stated that the system provides a valuable solution for pediatric surgery, with reusable 3mm instruments and instinctive camera control. Asensus Surgical's President and CEO, Anthony Fernando, expressed excitement to work with Nagoya University Hospital and extend the benefits of the Senhance System in Japan.
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Asensus Surgical, Inc. (ASXC) provided a preliminary 2023 year-end corporate update, reporting over 3,550 procedures performed globally, 14% growth in procedures compared to 2022, initiation of eight Senhance Surgical Programs, unaudited cash of approximately $21.0 million on December 31, 2023, and unaudited revenue of approximately $8.2 - $8.8 million for 2023. Fourth quarter highlights include over 835 procedures globally using the Senhance® Surgical System, initiation of five Senhance Surgical Programs, and unaudited revenue of approximately $5.1 - $5.7 million. Asensus Surgical President and CEO, Anthony Fernando, expressed optimism for the future.
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Asensus Surgical, Inc. (NYSE American: ASXC) announced a key development milestone for LUNA™, its second-generation surgical robotic system. Surgeons applauded the innovative capabilities of LUNA during an in vivo evaluation in porcine models. The system's impressive arm range of motion, instrument dexterity, and ergonomic design were highlighted, with positive feedback from participating surgeons. LUNA is designed to elevate the standards of robotic-assisted surgery and is currently under development.
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FAQ

What is the current stock price of Asensus Surgical (ASXC)?

The current stock price of Asensus Surgical (ASXC) is $0.3395 as of August 22, 2024.

What is the market cap of Asensus Surgical (ASXC)?

The market cap of Asensus Surgical (ASXC) is approximately 94.9M.

What does Asensus Surgical, Inc. do?

Asensus Surgical, Inc. digitizes the interface between the surgeon and the patient to improve minimally invasive surgery through digital laparoscopy. Its flagship product is the Senhance® Surgical System.

Where is Asensus Surgical headquartered?

Asensus Surgical is headquartered in Research Triangle Park, North Carolina, USA.

What is the Senhance® Surgical System?

The Senhance® Surgical System is the first machine vision system used in robotic surgery, enabling augmented intelligence, connectivity, and robotics to improve surgical outcomes.

What is the latest innovation from Asensus Surgical?

Asensus Surgical is developing the LUNA™ Surgical System, a next-generation robotic and instrument system as part of its digital surgery solution.

In which regions is the Senhance® Surgical System available?

The Senhance® Surgical System is available in the US, EU, Japan, Russia, and select other countries.

Has Asensus Surgical recently partnered with any hospitals?

Yes, Asensus Surgical recently partnered with Nagoya University Hospital in Japan to use the Senhance® Surgical System for pediatric procedures.

What is the merger agreement with KARL STORZ about?

Asensus Surgical entered into a definitive merger agreement with KARL STORZ Endoscopy-America, Inc. to enhance KARL STORZ's portfolio in the robotic surgical market.

When is the merger with KARL STORZ expected to close?

The merger with KARL STORZ is expected to close during the third quarter of 2024.

Will Asensus Surgical continue to be publicly traded after the merger?

No, upon completion of the merger, Asensus Surgical will become a subsidiary of KARL STORZ and will no longer be publicly listed or traded on the NYSE American Exchange.

How can I learn more about Asensus Surgical's products?

You can learn more about Asensus Surgical's products by visiting their official website at www.asensus.com.

Asensus Surgical, Inc.

NYSE:ASXC

ASXC Rankings

ASXC Stock Data

94.92M
267.22M
2.06%
18.27%
4.14%
Medical Devices
Surgical & Medical Instruments & Apparatus
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United States of America
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