Vicarious Surgical is developing a robot system designed to improve patient outcomes, increase the efficiency of surgical procedures, and reduce healthcare costs. The company's novel approach uses proprietary human-like surgical robots to virtually transport surgeons inside the patient's body to perform minimally invasive surgery.
The Vicarious Surgical System is designed to maximize visualization, precision, and instrument control through a single 1.5 cm incision, smaller than the size of a dime. This allows complex multi-quadrant abdominal surgeries while minimizing trauma and complications associated with larger incisions. The system features a 360-degree camera and two multi-jointed robotic arms, replicating the surgeon's upper body movements.
The company's beta 2 prototype has been successfully used in cadaveric ventral hernia repair procedures, demonstrating its potential in real-world surgical applications. The company plans to submit for FDA clearance in early 2025, and upon receiving regulatory approval, it anticipates a commercial launch in early 2026.
Vicarious Surgical is publicly traded on the New York Stock Exchange under the ticker symbols “RBOT” and “RBOT WS.” For FY2023, Vicarious Surgical reported USD 98.2 million in cash and investments, with a full-year cash burn rate of USD 63.4 million for 2023. The company projects a cash burn of approximately USD 50 million for full-year 2024.
Key customers and partnerships
In September 2023, it signed a strategic development agreement with Intermountain Health to advance system finalization and regulatory submission.
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