Intuitive Surgical and Power Medical Agreement Boosts Minimally Invasive Surgical Offering

London, United Kingdom (PressExposure) December 28, 2009 -- On 12th September 2008, Power Medical Interventions, Inc., a company engaged in the development of computer-assisted, power-actuated surgical stapling products, entered into an agreement with Intuitive Surgical, Inc., a company engaged in providing technology and procedural innovation for cardiac, urology, gynecologic, pediatric and general surgical disciplines.

Under this agreement, both the companies will jointly develop a surgical stapling device which will attach to Intuitive Surgical’s da Vinci Surgical Systems and will utilize Power Medical's patented stapling technology. Based upon the agreement, Power Medical will receive an upfront license payment as well as additional payments based upon the achievement of agreed upon milestones.

This analysis was taken from a research paper published by GlobalData, to download the full Research Paper for free, click below:

Access the latest Surgical Equipment analysis for free at


ResearchViews is your number one portal for industry related news, research, analysis and deals data. ResearchViews offers up to the minute content produced by an expert team of industry analysts.

All content on the site is free to view and allows users to keep up to date with the latest developments in their chosen industry. Free daily and weekly newsletters provide a snapshot of the major issues affecting the industry. The site also features a research store, providing the user with access to premium business intelligence from some of the world's leading market research publishers.

About GlobalData

GlobalData is a global market intelligence services company providing information research and analysis products and services.

Press Release Source:

Press Release Submitted On: December 28, 2009 at 4:09 am
This article has been viewed 19412 time(s).