Sam Brusco, Associate Editor03.11.22
Surgical robotics firm Memic Innovative Surgery and MedTech Acquisition Corp. mutually agreed to terminate their previously announced business combination over market conditions and volatility resulting from recent world events.
“While we are disappointed that our proposed business combination with Memic will not be consummated, we believe that Memic’s Hominis system and its innovative technology, as well as Memic’s highly accomplished management team, will position Memic for future success,” Chris Dewey, CEO of MedTech told the press.
“With the recent adoption of our Hominis system by three leading U.S. hospitals, we are excited about the ability of the Hominis system to perform robotic transvaginal techniques that were previously unfeasible, fulfilling a significant unmet need in women’s health, with the potential to be applied to a broad range of indications in the future including general surgery. We are grateful for the support we have received from the MedTech team, whose commitment to surgical robotics we share,” said Dvir Cohen, co-founder and CEO of Memic.mem
“While we are disappointed that our proposed business combination with Memic will not be consummated, we believe that Memic’s Hominis system and its innovative technology, as well as Memic’s highly accomplished management team, will position Memic for future success,” Chris Dewey, CEO of MedTech told the press.
“With the recent adoption of our Hominis system by three leading U.S. hospitals, we are excited about the ability of the Hominis system to perform robotic transvaginal techniques that were previously unfeasible, fulfilling a significant unmet need in women’s health, with the potential to be applied to a broad range of indications in the future including general surgery. We are grateful for the support we have received from the MedTech team, whose commitment to surgical robotics we share,” said Dvir Cohen, co-founder and CEO of Memic.mem