High flying Intuitive Surgical hit with 4,600 adverse reports from FDA
By RBR Staff
February 08, 2013
If true, it’s a sad and grim tale. Citron Research released a highly unfavorable research report on Intuitive Surgical’s da Vinci robotic surgical system.
The Citron report, Has the Halo Been Broken on Intuitive Surgical ?, states that new analysis reveals the FDA received 4,600 reports of da Vinci robotic surgery complications: surgical burns, perforated and punctured organs, torn arteries and blood vessels, cut ureters, intestinal and bowel injuries, and death.
None of the adverse reports have seemed to dull Wall Street’s appetite for the pricey stock. The reason is simple: Intuitive Surgical’s full-year procedure count increased 28 percent, with procedure volume…
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