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TransEnterix: Elucidating The Ramifications Of The Latest Approval Expansion For Senhance

|About: TransEnterix, Inc. (TRXC), Includes: ISRG
Summary

TransEnterix is powering by Senhance, a next-generation robotic system for abdominal laparoscopic surgery.

Senhance has many key advantages over the reigning champion, da Vinci of Intuitive Surgical.

Sales of Senhance is increasing drastically. The sales team is doing a superb job with five units sold thus far for the year.

FDA recently approved the expanded indications for Senhance to cover inguinal hernia repair and gallbladder surgery.

The aforesaid catalyst to double the addressable procedures, which translates into improving revenues for the upcoming quarterly earnings.

TransEnterix (NASDAQ:TRXC) is a small medical device innovator that is making big waves in the bioscience space. The company is commercializing the stellar next-generation robotic surgery system (Senhance) that, in and of itself, has many key advantages over the multi-billion dollars da Vinci franchise of Intuitive Surgical (NASDAQ:ISRG). Sales growth have been gargantuan for a small firm: five units were transacted this year. Better yet, the company recently gained the FDA approval expansion for Senhance. In this research, we’ll explore the ramifications of this approval and to adjust our investing thesis accordingly.

Figure 1: TransEnterix stock chart (Source: StockCharts).

About The Company

As usual, we’ll briefly feature an overview of the company for new investors. Based in the Research Triangle Park NC, TransEnterix is focusing on the innovation and commercialization of medical devices to service the robotic surgical market. On Oct. 13, 2017, the FDA granted the 510(k) clearance for the marketing of the Senhance Surgical Robotic System (as shown in figure 2) for minimally invasive laparoscopic surgery. Senhance is the first new product in the (abdominal surgical robotics) market since 2000 - a year that Intuitive Surgical (NASDAQ:ISRG) gained the FDA’s nod for the da Vinci.

Figure 2: Senhance surgery (Source: TransEnterix)

Available for distribution in the US, EU and other countries like Germany, Senhance features several advantages over da Vinci, as it allows for robotic precision, haptic feedback, surgeon camera control via eye sensing, and improved ergonomics. The other key is that it’s quite cost effective and is easily integrated into the operating room.

Final Remarks

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