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Soros-backed surgical robots break sales slump
Add BT as a preferred sourcePublished Sun, Jan 4, 2015 · 09:50 PM
New York
IT'S not easy selling robots that can drill holes in your spine. After two quarterly earnings misses and a 46 per cent drop for the first 11 months of 2014, surgical robot maker Mazor Robotics finally caught a break.
The company announced four sales of its US$849,000 device in a single week in December, one to a hospital in the United States and three more in China and Taiwan. That sparked a 14 per cent December surge in the stock to US$12.01, its first positive return since June.
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