On December 19, 2022, Asensus Surgical announced that it had reached an agreement with the German hospital Gesundheits- und Pflegezentrum Klinikum of Rüsselsheim and planned to introduce the Senhance surgical system in the hospital. Surgical robots expand into German market.

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December 19, 2022, Asensus Surgical Corporation (NYSE: ASXC) announced that it has reached an agreement with the German hospital Gesundheits- und Pflegezentrum Klinikum of Rüsselsheim (GPR) and plans to introduce the Senhance surgical system in the hospital. Asensus Surgical is a surgical robotics and surgical digitization company ushering in a new era of Performance-Guided Surgery (PGS).

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Surgical robot expands the German market

On December 19, 2022, Asensus Surgical Company (NYSE: ASXC) announced a partnership with the German hospital Gesundheits- und Pflegezentrum Klinikum of Rüsselsheim (GPR) has reached an agreement to introduce the Senhance surgical system in the hospital.

Since 2004, the GPR Hospital is a division of the non-profit GPR Health and Care Center GmbH in Rüsselsheim and is responsible for care in the western region of the Rhine Valley/main city. The hospital has 503 inpatient beds, 17 clinics and institutes, and 12 care centers. GPR Hospitals provide care to nearly 25,000 inpatients and 130,000 outpatients annually.

▲Anthony Fernando

Asensus Surgical President and CEO Anthony Fernando said: "GPR's laparoscopy is versatile and the Senhance Surgical System is ideally suited for use in surgical departments such as gynecology, urology and general surgery. We are pleased to see the company expand into the German market, which is the largest robotics market in Europe. This demonstrates the clinical utility of the Senhance Surgical System and the positive impact the system can have on surgical demand."

▲Achim Mr. Achim Neyer, CEO of Neyer

GPR Hospital, said: "The hospital introduced the Senhance surgical system to provide digital surgery to patients. The Senhance system is able to complement the hospital's technology as general surgery, visceral surgery, urology and gynecology can all benefit from the combination of advanced clinical intelligence capabilities with various minimally invasive instruments, ultimately providing better and more predictable results."

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About Senhance surgical robot

The Senhance surgical robot system adopts a multi-port design, allowing up to four arms to control robotic instruments and a camera. It is a controlled laparoscopic instrument that can be used for tissue visualization and endoscopic operations, including grasping, cutting, dissection, ligation, electrocautery, suturing, mobilization and retraction. The Senhance system's optical sensors allow surgeons to move the camera, select commands through eye movement, and provide tactile feedback based on the pressure and tension of the instrument, thereby increasing the surgeon's flexibility and agility in observing the surgical field.

Senhance surgical robot cuts or closes different tissues through ultrasonic equipment, minimizing the thermal impact on surrounding tissues, reducing bleeding and trauma to surrounding tissues. Comparing the minimally invasive surgical procedures of the da Vinci robot and the Senhance robot: The doctor can sit in front of the 3D imaging screen and control the three arms of the Senhance robot to perform surgery. The Da Vinci robot has not yet achieved a true 3D imaging field of view, and it retains four arms. In addition, Senhance also has a force feedback tactile function, which can feed back to the doctor according to the hardness of the tissue or organ to adjust the strength of the arm operation. This is also one of the "weak spots" of the Da Vinci robot.

In 2021, the company also launched an articulating instrument with a diameter of 5 mm and has received FDA 510(k) approval, which allows for better access to hard-to-reach anatomical areas by providing two additional degrees of freedom.

In September 2021, Asensus Surgical announced that it had obtained FDA 510(k) clearance for expanding the machine vision capabilities of ISU.Used with the Senhance system, the ISU enables machine vision capabilities on the Senhance system, expanding the ISU's machine vision capabilities as it evolves from robot-assisted surgery to performance-guided surgery.

ISU's initial function is to provide doctors with machine vision-driven camera control by responding to commands and identifying certain objects and locations in the surgical field, and allowing doctors to change the field of view through instrument movement. The latest ISU expands these existing functions, including: real-time 3D measurement during surgery, digital marking, image enhancement, and enhanced camera control based on real-time data of intraoperative anatomy.

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Asensus SurgicalCompany Profile

Asensus Surgical (NYSE: ASXC), founded in 2006 and headquartered in North Carolina, USA, is a surgical robotics and surgical digitization company that designs, manufactures and distributes surgical robots and other medical devices globally. The company's Senhance surgical robot system has passed FDA approval in 2021. Previously, Asensus Surgical also developed the SPIDER device and SurgiBot system.

Currently, Asensus Surgical’s Senhance system can be sold in Europe, the United States, Japan, Russia and other countries or regions. In Europe, the Senhance system has received CE certification for laparoscopic abdominal and pelvic surgery in adults and children, as well as limited thoracic surgery, excluding cardiac and vascular surgery.

In the United States, the Senhance System has received FDA 510(k) clearance for general laparoscopic surgery and laparoscopic gynecological surgery, including benign tumor surgery, laparoscopic inguinal, hiatal and paraesophageal hernia surgery, sleeve gastrectomy and laparoscopic cholecystectomy.

In Japan, the company has received PMDA approval and 98 laparoscopic surgeries have been included in reimbursement.

In Russia, the Senhance system has received a registration certificate from the medical device regulator Roszdravnadzor, allowing its sale and use throughout the Russian Federation.

Asensus Surgical is digitizing the interface between surgeons and patients, unlocking clinical intelligence to usher in a new era of remotely guided surgery. For example, ISU is the world's first FDA-cleared surgical system with enhanced intelligence and machine vision capabilities, with the ability to identify anatomical structures, leverage image analysis to enable 3D virtual measurements, and enhance the surgeon's ability to use surgical field information through a virtual assistant.

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Asensus Surgical Company Development History

In 2006, Asensus Surgical was established, focusing on the development and sales of robot-assisted surgical systems.

In 2009, the single-port, multi-channel laparoscopic SPIDER® system was launched.

In 2010, the SPIDER® surgical system obtained the EU CE certification.

In 2011, Asensus Surgical won the Global Entrepreneurship TiE50 Award.

In 2012, Asensus Surgical’s single-port SPIDER® surgical system was first used in the UK.

In 2013, Asensus Surgical entered the next phase of development of the SurgiBot™ system.

In 2014, the company was listed on the American Stock Exchange , and the stock code was ASXC.

In 2017, the FDA approved the launch of its new generation minimally invasive surgical robot Senhance.

In 2018, the company announced that its minimally invasive surgical robot Senhance system had obtained the EU CE certification.

In 2019, the company received regulatory approval from Japan’s PMDA for the Senhance Surgical System.

In 2020, Russian regulatory agency Roszdravnadzor approved the Senhance system for sale in Russia.

In 2021, the company announced FDA 510(k) clearance for its 5mm diameter articulated devices, which had previously received CE marking for use in the European Union. In September of the same year, the company announced that its Intelligent Surgical Unit (ISU) had received FDA 510(k) clearance to expand previously approved machine vision capabilities.ISU works with the company's Senhance system.

In 2022, Asensus Surgical is given an Overweight rating and a target price of $1.50.