Analysts "surprised" at sudden Intuitive Surgical sell-off
Intuitive Surgical takes another Wall Street beating after an American Congress of OB/GYNs statement questioning the hype around robot-assisted surgery.
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.