Replies to post #219329 on Biotech Values

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TRXC > TransEnterix Announces FDA 510(k) Submission for 3mm Senhance Instruments

https://finance.yahoo.com/news/transenterix-announces-fda-510-k-200500385.html

The clearance of these instruments would allow the Senhance to be used for microlaparoscopic surgeries, allowing surgeons to make tiny incisions that are deemed virtually scarless for patients.

“TransEnterix is the first company to seek FDA clearance for robotically-driven 3 millimeter instruments for abdominal surgery in the U.S.,” said Todd M. Pope, TransEnterix CEO. “We believe Senhance robotic assistance can enable surgeons to expand their use of virtually scarless surgery in more patients, and expands the value that robotics can bring over traditional manual approaches."

"Microlaparoscopy is the current frontier in the process of reducing invasiveness, pain, scarring and opioid use post-surgery," said Dr. Steven D. McCarus, MD, FACOG, Chief of Gynecologic Surgery at Florida Hospital Celebration Health. "With Senhance, robotic microlaparoscopic surgery is a reality, bringing precision, control and sensitive force feedback to the use of these tiny surgical instruments. Surgeons have not had the ability to use such small instruments with a robotic surgical platform before, and this offers patients an attractive, virtually scarless approach to many surgeries."

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TRXC -CFO sells ~290K shares @ $4 mostly via option exercise. About 10% of his total exposure (includes non vested options) prior to exercise.

http://ir.transenterix.com/node/11671/html