Hansen Medical, Inc. (NASDAQ:HNSN)
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The Company develops and manufactures a new generation of medical robotics designed for accurate positioning, manipulation and stable control of catheters and catheter-based technologies.
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This is a company started by Intuitive founder Fred Moll and the robotic catheter system is currently being used for endovascular procedures. This is a growth industry, but the more exciting prospect is the newer applications of this technology in other fields. A recent article in Urology highlighted a an animal study using the robotic catheter system in the ureter for treatment of kidney stones and other conditions. I also think this technology will have great application for NOTES (Natural Orifice Transluminal Endoscopic Surgery) or incisionless surgery. Intuitive' robotic system got a slow start in vascular and heart procedures, but took off once it was applied in the field of urology. I would expect the same to happen to HNSN's robotic system.