CMR Surgical

Last updated
CMR Surgical Ltd
IndustryMedical devices & equipment
Founded2014
FounderLuke Hares, Keith Marshall, Paul Roberts, Mark Slack, Martin Frost
Headquarters Cambridge, United Kingdom
ProductsSurgical robot
Number of employees
650 approx
Website https://cmrsurgical.com

CMR Surgical is a British medical device company based in Cambridge. It produces a robot-assisted surgery system called Versius. The company achieved Unicorn status in 2019, while in 2021 it received a valuation of $3 billion. [1] [2]

With headquarters at Evolution Business Park, Cambridge and a global manufacturing hub in Ely, Cambridgeshire, the business also has a presence throughout Europe, Latin America, AMEA and Australia. Previously called Cambridge Medical Robotics, it changed name in March 2018. [3]

The Versius Surgical Robotic System is a rival of the established Da Vinci Surgical System and claims to be more flexible and versatile, having independent modular arms which are "quick and easy to set up". Some key patents for the da Vinci system have recently expired. [4]

In the United Kingdom (October 2023), CMR Surgical has 20 NHS hospital partnerships [5] including Guy’s and St Thomas' (London), [6] Royal Papworth (Cambridge), [7] Milton Keynes University Hospital, Western General Hospital (Edinburgh), [8] Gloucestershire Royal, [9] Manchester Royal Infirmary, [10] Lister Hospital (Stevenage), [11] West Hertfordshire Teaching Hospitals, [12] The University Hospital of Wales (Cardiff), Ysbyty Gwynedd (Bangor), [13] East Surrey Hospital, [14] Great Western Hospital (Swindon), [15] and Frimley Health (Surrey/Berkshire). [16]

In Australia in 2021, Macquarie University Hospital introduced the company's Versius robotics arm for keyhole surgery, following approval from the Therapeutic Goods Administration. [17]

In India, the 1,000th operation was performed by Professor Dr Raj Nagarkar, from HCG Manavata Cancer Centre, India in 2020. He said, “We are seeing clear patient benefits including reduced pain, and length of stay. Additionally, the open console means I can operate comfortably, helping to reduce physical tiredness from surgery. As far as the patient is concerned, obviously there is less pain, less bleeding and less risk of infection. I feel we need to elaborate on the advantages to the surgeon. Without being glued to the console, I could comfortably relax in a chair and operate. I have done six robotic-assisted procedures in one single day, without getting tired, myself.”

In 2021 CMR Surgical raised $600m at a $3bn valuation during a series D financing round. Escala Capital was its biggest investor followed by SoftBank Vision Fund 2 after the financing round. Notable other investors are GE Healthcare and ABB Technology Ventures. CMR Surgical said the funding was the world’s largest private financing round in the medtech sector, citing PitchBook data. [2]

In 2022, the Versius robotic system was adopted for urological procedures in Pakistan [18] and was also indicated for clinical use in thoracic. A successful trial in transthoracic esophagectomy was reported in Nature in October 2022. [19]

In April 2023 CMR Surgical has been honoured in the first ever King’s Award for Enterprise within the innovation category for the Versius Surgical Robotic System. [20] Also in April 2023, it was announced that approximately 350 staff were being made redundant. [21] In June 2023, the Engineers gallery opened at the Science Museum, London, featuring CMR Surgical’s Versius surgical robot arm and prototype. [22] In September 2023, CMR raised $165 million (£133m) as it prepared for the launch of its Versius soft tissue system into additional markets. [lower-alpha 1] [23] In October 2023, it was announced, the opening of a new manufacturing facility in the UK capable of producing up to 500 Versius systems per annum following a £10 million investment. [5]

In February 2024 CMR Surgical unveiled a significant update to Versius, a new imaging technology to visualise ICG (Indocyanine green), which is a fluorescent dye which is used as an indicator substance which is administered intravenously. It will help perform visual assessment of the vessels, blood flow and related tissue perfusion and biliary anatomy using the 3D visualisation of Versius. [24] In March 2024, CMR Surgical announced that over 20,000 Versius surgical cases have now been completed, the 20,000th case was performed at East and North Hertfordshire NHS Trust, UK. [25]

Related Research Articles

Remote surgery is the ability for a doctor to perform surgery on a patient even though they are not physically in the same location. It is a form of telepresence. A robot surgical system generally consists of one or more arms, a master controller (console), and a sensory system giving feedback to the user. Remote surgery combines elements of robotics, telecommunications such as high-speed data connections and elements of management information systems. While the field of robotic surgery is fairly well established, most of these robots are controlled by surgeons at the location of the surgery. Remote surgery is remote work for surgeons, where the physical distance between the surgeon and the patient is less relevant. It promises to allow the expertise of specialized surgeons to be available to patients worldwide, without the need for patients to travel beyond their local hospital.

<span class="mw-page-title-main">Frimley Park Hospital</span> Hospital in Surrey, England

Frimley Park Hospital is a large general hospital in Frimley, Surrey. It is managed by Frimley Health NHS Foundation Trust, and houses a private wing.

<span class="mw-page-title-main">Robot-assisted surgery</span> Surgical procedure

Robot-assisted surgery or robotic surgery are any types of surgical procedures that are performed using robotic systems. Robotically assisted surgery was developed to try to overcome the limitations of pre-existing minimally-invasive surgical procedures and to enhance the capabilities of surgeons performing open surgery.

<span class="mw-page-title-main">Intuitive Surgical</span> American Biotechnology Company

Intuitive Surgical, Inc. is an American corporation that develops, manufactures, and markets robotic products designed to improve clinical outcomes of patients through minimally invasive surgery, most notably with the da Vinci Surgical System. The company is part of the NASDAQ-100 and S&P 500. As of 31 December 2021, Intuitive Surgical had an installed base of 6,730 da Vinci Surgical Systems, including 4,139 in the U.S., 1,199 in Europe, 1,050 in Asia, and 342 in the rest of the world.

<span class="mw-page-title-main">Pulmonary thromboendarterectomy</span>

In thoracic surgery, a pulmonary thromboendarterectomy (PTE), also referred to as pulmonary endarterectomy (PEA), is an operation that removes organized clotted blood (thrombus) from the pulmonary arteries, which supply blood to the lungs.

<span class="mw-page-title-main">Ara Darzi, Baron Darzi of Denham</span> Armenian-British surgeon (born 1960)

Ara Warkes Darzi, Baron Darzi of Denham, is an Armenian-British surgeon, academic, and politician.

James Stanley Elwood was a British pathologist who was responsible for 222 cancer misdiagnoses between 1995 and 2000. During the period concerned he was practising as a locum at four NHS trusts: the Princess Margaret Hospital in Swindon, the Royal United Hospital Bath NHS Trust, the Mid-Sussex NHS Trust and the Frimley Park Hospitals NHS Trust. He also worked in Tralee.

da Vinci Surgical System Robotic surgical system

The da Vinci Surgical System is a robotic surgical system that uses a minimally invasive surgical approach. The system is manufactured by the company Intuitive Surgical. The system is used for prostatectomies, increasingly for cardiac valve repair and for renal and gynecologic surgical procedures.

<span class="mw-page-title-main">Wexham Park Hospital</span> Hospital in Berkshire, England

Wexham Park Hospital is a large NHS hospital in Slough, Berkshire. It has been managed by Frimley Health NHS Foundation Trust since 2014. Neil Dardis has been the Trust's chief executive since 2018.

<span class="mw-page-title-main">MAKO Surgical Corp.</span>

MAKO Surgical Corp. was a publicly traded medical device company based in Florida. On September 25, 2013, the Board of Directors of Mako Surgical accepted a deal to be acquired by Stryker for $1.65B. The deal closed in December 2013.

The Medical Technology Group (MTG) is a not for profit organisation in the United Kingdom comprising patient groups, research charities and medical device manufacturers. Its stated aim is to "work together to improve patient access to effective medical technologies". The Group launched in 2001.

<span class="mw-page-title-main">Terence English</span> South African-born British retired surgeon

Sir Terence Alexander Hawthorne English is a South African-born British retired cardiac surgeon. He was Consultant Cardiothoracic Surgeon, Papworth Hospital and Addenbrooke's Hospital, Cambridge, 1973–1995. After starting a career in mining engineering, English switched to medicine and went on to lead the team that performed Britain's first successful heart transplant in August 1979 at Papworth, and soon established it as one of Europe's leading heart–lung transplant programmes.

<span class="mw-page-title-main">Princess Grace Hospital</span> Hospital in London

The Princess Grace Hospital is a private hospital in Marylebone, London, and is part of the international division of HCA, which is the world's largest private healthcare company.

<span class="mw-page-title-main">Prokar Dasgupta</span>

Prokar Dasgupta is an Indian-born British surgeon and academic who is professor of surgery at the surgical academy at King's Health Partners, London, UK. Since 2002, he has been consultant urologist to Guy's Hospital, and in 2009 became the first professor of robotic surgery and urology at King's, and subsequently the chairman of the King's College-Vattikuti Institute of Robotic Surgery.

<span class="mw-page-title-main">Pradeep Chowbey</span> Indian surgeon

Pradeep Kumar Chowbey is an Indian surgeon, known for laparoscopic and bariatric surgeries. He is the incumbent Executive vice chairman of the Max Healthcare, Chairman of the Minimal Access, Metabolic & Bariatric Surgery and Allied Surgical Specialities of the Max Healthcare Institute, New Delhi. He is the founder of the Minimal Access, Metabolic & Bariatric Surgery Centre at the Sir Ganga Ram Hospital, New Delhi and has served as the Honorary Surgeon to the President of India, Dalai Lama and the Indian Armed Forces (AFMS). The Government of India awarded him the fourth highest civilian honour of the Padma Shri in 2002.

Shafi Ahmed is a chief surgeon, teacher, futurist, innovator, professor and entrepreneur.

Pankaj Chandak is an Indian-born British surgeon who made innovations in the use of 3D printing in paediatric kidney transplant surgery. He has also undertaken work in education, public engagement, presenting demonstrations, and acting in The Crown television series. He graduated from Guy's and St Thomas' University of London medical school and was an anatomy demonstrator under Professor Harold Ellis CBE.

kar-go Autonomous delivery vehicle

Kar-go, is an autonomous delivery vehicle, designed and built by British company, Academy of Robotics Ltd, a UK company, registered in Wales. The vehicle uses self-drive / driverless car technology to drive itself to locations where it delivers packages autonomously.

<span class="mw-page-title-main">Ben Challacombe</span> British urological surgeon

Benjamin James Challacombe is a British consultant urological surgeon at Guy's & St Thomas' Hospitals, and at King’s College London, who specialises in the treatment of kidney and prostatic disease using robotic surgery. In 2005, he was part of the team that published the results of a randomised controlled trial of human versus telerobotics in the field of urology and renal transplant, one of the first of its kind.

<span class="mw-page-title-main">Michael Griffin (surgeon)</span> British upper gastro-intestinal surgeon

Selwyn Michael Griffin, OBE, MD, FRCSEd, FRCSEng, FRCPE, usually known as Michael Griffin, is a British surgeon and clinical researcher known for his work in the early diagnosis and radical treatment of gastric and oesophageal cancer.

References

  1. ↑ "Cambridge medical robotics pioneer CMR scales hugely as $240m Series C earns unicorn status" . Retrieved 2023-04-25.
  2. 1 2 "UK surgical robotics start-up CMR raises $600m at $3bn valuation" . Retrieved 2023-04-24.
  3. ↑ "Robotics pioneer changes name to CMR Surgical". Business Weekly. 8 March 2018. Retrieved 8 October 2018.
  4. ↑ "New Versius robot surgery system coming to NHS". BBC. 3 September 2018. Retrieved 8 October 2018.
  5. 1 2 "CMR Surgical strengthens UK innovation ecosystem by opening only global surgical robotics manufacturing facility in the UK". Cambridge Network. 2023-10-05. Retrieved 2024-04-01.
  6. ↑ "Next-generation robot lands at Guy's and St Thomas'". NHS. 22 December 2021. Retrieved 26 April 2023.
  7. ↑ "Royal Papworth Hospital robot to carry out thoracic surgery". NHS. 23 March 2023. Retrieved 26 April 2023.
  8. ↑ "1,000 operations completed with CMR Surgical's Versius robot". Cambridge Independent. 2 December 2020. Retrieved 8 February 2021.
  9. ↑ "Gloucestershire Royal Hospital Adopts CMR Surgical's Versius". Surgical Robotics Technology. 22 July 2021. Retrieved 26 April 2023.
  10. ↑ "Manchester Royal Infirmary leading the way in robotic surgery". NHS. 22 September 2020. Retrieved 26 April 2023.
  11. ↑ "Lister Hospital patient hails 'pain-free' robotic surgery after being one of the first to benefit from new Versius robot". NHS. 24 November 2022. Retrieved 26 April 2023.
  12. ↑ "West Hertfordshire Teaching Hospitals NHS Trust Adopts Versius Surgical Robot". Surgical Robotics Technology. 8 April 2022. Retrieved 26 April 2023.
  13. ↑ "Milestone of 100 robotic operations reached in Wales". NHS. 27 April 2023. Retrieved 28 April 2023.
  14. ↑ "Robotic surgery first at East Surrey Hospital". NHS. 29 June 2021. Retrieved 28 April 2023.
  15. ↑ "Major investment into new surgical robot". NHS. 3 March 2023. Retrieved 28 April 2023.
  16. ↑ "New era in robotic surgery at Frimley Health". NHS. 1 October 2020. Retrieved 28 April 2023.
  17. ↑ "Australian world leader adopts CMR's surgical robotics technology". Business Weekly. 5 February 2021. Retrieved 8 February 2021.
  18. ↑ Technology, Surgical Robotics (2022-01-20). "CMR Surgical Announces Adoption of Versius for Urological Procedures in Pakistan". Surgical Robotics Technology. Retrieved 2022-01-26.
  19. ↑ "Feasibility of transthoracic esophagectomy with a next-generation surgical robot". Nature. 26 October 2022. Retrieved 10 November 2022.
  20. ↑ "CMR Surgical wins an inaugural King's Award for Innovation" . Retrieved 2023-04-23.
  21. ↑ "Shock for CMR Surgical staff as wave of redundancies announced". Cambridge Independent. 2023-04-06. Retrieved 2023-04-20.
  22. ↑ "Major new gallery engineers opens at the science museum". Science Museum. 2023-06-23. Retrieved 2024-04-01.; "Engineers". Science Museum. Retrieved 2024-04-01.
  23. ↑ Whooley, Sean (2023-09-20). "CMR Surgical brings in $165M to support surgical robot". MassDevice.
  24. ↑ Quested, Tony (2024-02-09). "CMR Surgical unveils Versius update". Business Weekly. Retrieved 2024-04-01.
  25. ↑ "CMR Surgical Announces 20,000 Procedure Milestone for Versius®". Surgical Robotics Technology. 2024-03-21. Retrieved 2024-04-03.

Notes

  1. ↑ The funding round was led by Ally Bridge Group, Cambridge Innovation Capital, Escala Capital, LGT, Lightrock, RPMI Railpen, SoftBank Vision Fund 2, Tencent and Watrium.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.