Hansen Medical

Last updated
Hansen Medical, Inc.
Company typeIntravascular Robotics
Nasdaq:  HNSN
IndustryMedical Appliances & Equipment
Founded2002 (2002)
Headquarters
Mountain View, California
,
U.S.
Key people
Cary Vance (CEO)
ProductsSensei Robotic System and Magellan Robotic System
Website www.hansenmedical.com   OOjs UI icon edit-ltr-progressive.svg

Hansen Medical, Inc, headquartered in Mountain View, California, designs and manufactures medical robotics for positioning and control of catheter-based technologies that was founded in 2002 by Frederic Moll, M.D. to develop tools that manipulate catheters by combining robotic technology and computerized movement.

In 2005, Hansen bought EndoVia Medical Inc., a medical robotics company. [1]

Later that year, Hansen Medical and Intuitive Surgical, another company founded by Moll, entered into a cross-licensing agreement that included Hansen's portfolio of 50 issued and pending patents and patent applications and Intuitive's 250 issued patents related to minimally invasive instruments and surgical robotics. [2] The agreement gave Intuitive Surgical an equity stake in Hansen and royalties on the future sales of Hansen Medical products. The full financial terms of the agreement were not made public. [3]

Hansen Medical went public in 2006, raising $75 million in its initial public offering with two catheter systems under FDA review. The shares represented about 30% of the company. [4] [5] [6]

In July 2016 it was acquired by Auris Surgical Robotics, and it was said to be an $80 million merger. [7] [8]

References

  1. ↑ "EndoVia Medical bought by Calif. firm". Boston Business Journal. April 14, 2005. Retrieved 5 November 2014.
  2. ↑ "Hansen Medical and Intuitive Surgical Cross-License Robotic Technologies; License Broadens Potential Markets for Hansen Medical's Catheter Control System for Intravascular Procedures". Business Wire (Press release). September 5, 2005. Retrieved 6 November 2014.
  3. ↑ "Hansen Medical and Intuitive Surgical Cross-License Robotic Technologies".
  4. ↑ "Hansen Medical Announces Initial Public Offering". Catalyst Health Ventures (Press release). November 16, 2006. Archived from the original on December 20, 2014. Retrieved 5 November 2014.
  5. ↑ "Hansen Medical, a medical robotics co., raises $75M in IPO". Venture Beat. November 16, 2006. Retrieved 6 November 2014.
  6. ↑ Egelko, Bob (October 8, 2011). "Securities and Exchange Commission has accused two former sales executives of a Mountain View medical supply company of illegally inflating revenue by prematurely installing hospital equipment and forging a doctor's signature to accelerate a sale". SF GATE. San Francisco Chronicle. Retrieved 6 November 2014.
  7. ↑ Stynes, Tess (2016-04-20). "Hansen Medical Agrees to Be Acquired by Auris Surgical". The Wall Street Journal. ISSN   0099-9660 . Retrieved 2017-09-06.
  8. ↑ "Auris Surgical Robotics closes $80m Hansen Medical buy – MassDevice". www.massdevice.com. Retrieved 2017-09-06.
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