Asensus Surgical Inc (ASXC)

[la_trader]

its outright silly! FDA track is a long (years!), arduous and very expensive process (10's of millions to 100's of millions!). it's the holy grail and validation of a company's hard work / dedication to excellence. TRXC getting this FDA clearance in such a lucrative area of med is huge!

this long time and huge expense is why ISRG never added any real features or updates to davinci, it would have cost millions each time.

Not only that but if they resubmitted their bot to FDA for approval of features the FDA may have made then update a bunch of stuff relating to core design of the robot or fail it altogether.

Essentially, no need with the stronghold monopoly- "buy our old bot, keep buying the overpriced replacement tools, and shut up". basically no one had a choice until now