Re Agreement
24 Mai 2006 - 9:03AM
UK Regulatory
RNS Number:4757D
Gyrus Group PLC
24 May 2006
24 May 2006
Gyrus licenses PK technology to Intuitive Surgical Inc. for use in
robot-assisted keyhole surgery
Reading, UK - Gyrus Group PLC (GYG.L), a leading supplier of medical devices
that reduce trauma and complications in surgery, announces a development
partnership with Intuitive Surgical, Inc, a global leader in robotic-assisted
minimally invasive surgery (MIS), for the development of new robotic surgery
instrumentation.
Intuitive Surgical, Inc.'s leading robotic technology, the da Vinci Surgical
System, is already used in several major institutions worldwide in advanced or
complex surgical procedures. The agreement enables Intuitive Surgical to
license Gyrus's proprietary PK(TM)Technology for the development of a new
instrument for the da Vinci Surgical System. Intuitive's Endowrist(R) PK
Dissecting Forceps will provide da Vinci Surgical System users with greater
tissue management capabilities during robotically assisted surgery.
Under the new agreement, Gyrus will receive a licence fee and royalties on sales
of Endowrist PK Dissecting Forceps for robotic applications using the da Vinci
Surgical System.
Brian Steer, Chairman of Gyrus, said:
"This deal opens up a new revenue stream for Gyrus in an emerging part of the
keyhole surgery market. As a result of the deal, surgeons will be able to
achieve a similar tissue effect in both robotic and manual laparoscopic surgery
using Gyrus's PK Technology."
Enquiries:
Gyrus Group PLC Tel: 01189 219750
Brian Steer, Executive Chairman
Simon Shaw, Chief Financial Officer
Financial Dynamics
Ben Atwell Tel: 0207 831 3113
This information is provided by RNS
The company news service from the London Stock Exchange
END
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