StockMarketWire.com - Minimally-invasive surgery technology developer Surgical Innovations Group said subsidiary Elemental Healthcare had signed a three-year exclusive UK distribution agreement with Switzerland-based DistalMotion.

DistalMotion is the manufacturer of a new surgical robot, called 'Dexter', that allows surgeons to swap from robotic to laparoscopic surgery and back.

The robot would be CE marked in mid-2019, giving Elemental Healthcare time to train a dedicated team in preparation for its launch.

'The market for surgical robots in the UK is limited by the cost and by the range of applications for which existing competitors are appropriate,' development director Adam Power said.

'Dexter offers a much broader range of surgical opportunities and employs a novel funding model.'

'As a consequence, we expect Dexter to address the issues limiting the growth of surgical robots in the UK and to be a more acceptable solution for NHS and private hospitals.'


At 8:21am: [LON:SUN] Surgical Innovations Group PLC share price was +0.1p at 3p



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