US-based medical device manufacturer Medrobotics has closed a $20m preferred stock financing round, which included participation of its existing shareholders.
The firm intends to utilise the proceeds to upgrade and develop its Flex robotic system with more fully robotic instrument options, as well as to expand its surgical applications such as single-port general and gynecological surgeries.
The Flex robotic system is a robotic surgical platform with a steerable and shapeable robotic scope.
