Nano Medicevo Acquires the Precision Cut Surgical Robotic SystemPosted by Donald Hood on March 12th, 2020 1888PressRelease - Creates a surgical robotics company with a compelling product portfolio. Expected to accelerate commercialization timeline and revenue ramp. Nano Medicevo (ISIN: JP3630033300), a privately-held medical company that offers products and services to advance the entire medical treatment process from diagnosis to post treatment care, is pleased to announce that is pioneering the use of robotics to improve minimally invasive surgery, also announced today that it has acquired the surgical robotics division of Precision Cut of a Taiwan health care company, in a cash and stock transaction with total consideration. Precision Cut has developed the Precision Cut® advanced robotic system for minimally invasive surgery. "The combination of Surgical Proficiency™ and Precision Cut® will allow Nano Medicevo to address a larger market opportunity with compelling patient, surgeon and hospital value," said Seigo M. Iwasaki, President and CEO of Nano Medicevo. "We believe this combination accelerates our commercialization timeline and revenue ramp as we can immediately begin selling the Precision Cut in many markets globally." "We believe joining with Nano Medicevo will make our vision to create the next wave of robotic surgery a reality." said Bunji Kyo, CEO of Precision Cut, who has been appointed to the Nano Medicevo Board of Directors. "Our decision to become a significant shareholder reflects our belief that the company has built a strong team and will execute on this compelling opportunity." The combination with Precision Cut surgical robotics division supports and accelerates Nano Medicevo's fundamental strategies: About Nano Medicevo https://nanomedicevo.com Like it? Share it!More by this author |