Intuitive Surgical $115 Mil. IPO Will Help Expand Sales Force, R&D Activity
This article was originally published in The Gray Sheet
Executive Summary
Intuitive Surgical intends to "significantly increase" its 20-person sales force with proceeds from a planned $115 mil. initial public offering as the firm gears up for FDA approval of its da Vinci tele-robotic endoscopic surgical system for use in sharps laparoscopic surgery.