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Analysts "surprised" at sudden Intuitive Surgical sell-off

Thu, 03/14/2013 - 4:55pm
Mass Device

Intuitive Surgical takes another Wall Street beating after an American Congress of OB/GYNs statement questioning the hype around robot-assisted surgery.

Intuitive Surgical's robot-assisted surgical operations

Intuitive Surgical (NSDQ:ISRG) shares suffered a sudden sell-off today after the American Congress of Obstetricians & Gynecologists released a statement questioning some of the marketed benefits of robot-assisted surgery.

ACOG president Dr. James Breeden issued a statement warning that the benefits of robot-assisted surgery may also be achieved through other minimally invasive methods that aren't as costly as the high-tech procedure.

"At a time when there is a demand for more fiscal responsibility and transparency in healthcare, the use of expensive medical technology should be questioned when less-costly alternatives provide equal or better patient outcomes," Breeden wrote.

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