Victims and attorneys have been complaining about da Vinci robotic surgery pr0blems and have made their voice heard by filing lawsuits. The financial exposure of these suits is, I’m sure, a concern of Intuitive Systems. But, I think the voices they listen to the most are those on Wall Street.
What is Wall Street saying? There is a concern now that all of these complications with these da Vinci robots are not yet baked into Intuitive System’s stock price which, despite a surge today, has already taken a beating this year.
These robots are not being purchased or bragged about by hospitals as they have been just last year. The company has blamed the drop in sales on the lack of hospital dollars for new technologies.
But so far this year, there have been 4,603 adverse event records that have been posted for da Vinci. Sure, it is a big country. But let’s put this in context. There were 4603 reports about this technology over the last 12 years.
It gets worse. In August, the number of injury or death events rose to 103, which is the triple that of any other month.
Wall Street is a bit slow in figuring all of this out, but now it is asking the same question lawyers have been asking for a few years.
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