Da Vinci Robot Lawsuit News: Financial Future Uncertain for Intuitive Surgical, Stock Specialist Says
Some financial analysts say the company facing a mounting number of da Vinci Robot lawsuits may be overestimating its long-term earnings and revenue growth potential.
Slowing sales for Intuitive Surgical, according to a stock specialist at Morningstar.com, may be due in part to U.S. hospitals seeking a greater return on their investments in a tighter spending environment and a hesitance to adopt newer healthcare technologies in Europe. The article states the cost of the da Vinci Surgery Robot, used to aid in minimally invasive procedures, is tagged between $1.3 million and $2.2 million.
Additionally, Bloomberg.com recently reported that many facilities own more than one.
Approved in 2000 to aid in urologic, laparoscopic and gynecologic procedures, Intuitive Surgical’s da Vinci Robot is now also used in gastric bypass surgeries, gall bladder removals and thyroid cancer surgeries.
First da Vinci Robot Lawsuit Heads to Trial in Washington State Court
Earlier in April, the trial for the first of at least a dozen da Vinci Robot lawsuits began in Washington state court. The case was brought by a woman who claims use of the device during a prostate removal surgery her now-late husband underwent caused him to suffer injuries that eventually led to his untimely death. Da Vinci Robot lawsuits allege use of the surgery robot may cause patients to suffer surgical burns, organ damage, cut ureters and other bad surgery complications.
Intuitive Surgical challenges any suggestion that in an attempt to increase the use of its product it engaged in inadequate surgeon training or improper certification resulting in harm to patients.
Regardless of the growing litigation of da Vinci Robot lawsuits, the financial specialist at Morningstar.com predicts the number of procedures aided by the device will rise in the future.
“We believe the total number of da Vinci procedures will more than triple over this decade. That said, as Intuitive encroaches on the territory of laparoscopic surgery, its value proposition will be increasingly questioned,” the author stated.
However, Intuitive may lose support from hospitals anyway if they are forced to cut corners and contemplate the costs and benefits of robotic surgery vs. manual minimally-invasive procedures.
Morningstar.com says they may find there to be little financial benefit in robotic surgeries. “Hospitals will have to weigh factors such as surgeon comfort, the cost of extra training to achieve proficiency in laparoscopy, incremental improvements in blood loss and post-op recovery time achieved with a robot, and so on,” the author said.
How to File a da Vinci Robot Lawsuit
If you suffered surgical burns, organ damage, cut ureters or another injury associated with the da Vinci Surgical System, you may be eligible to file a claim seeking compensation for medical expenses, lost wages, pain and suffering and other damages. Call an attorney at Bernstein Liebhard LLP to learn more about your legal options at 1-877-779-1414.