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6 12, 2022

THINK Surgical Announces Collaboration with Definition Health

December 6th, 2022|News|

(FREMONT, CA) December 5, 2022 – THINK Surgical, a technology innovator developing orthopedic surgical robots, today announced a collaboration with UK based digital health company, Definition Health. The companies will jointly develop a seamless, web-based, connected care solution to enhance the surgical planning experience for surgeons using THINK’s robotic technologies for joint replacement surgery. This web-based solution will support all of THINK’s robotic products, including new product launches planned for 2023. In addition, this web-based solution will incorporate Definition Health’s Total Digital Surgery platform which assists hospitals and surgeons in achieving workflow efficiency, improved perioperative care and virtual follow up for surgical patients. Definition Health’s platform is widely deployed in the UK with customers reporting improved profitability for surgical service lines as well as improved patient and provider satisfaction rates. To date, over 100,000 surgical episodes have been managed by customers using this platform. “We are excited about this collaboration because it will enable a consistent customer experience across of all our products and provide added value options for our customers.” said Stuart Simpson, chief executive officer. “We believe this platform will significantly improve surgeon and patient experience with our robotic technology.” “We are delighted to launch our digital platform [...]

16 11, 2022

THINK Surgical Announces Experienced Commercial Leadership Team

November 16th, 2022|News|

(FREMONT, CA) November 14, 2022 - THINK Surgical, a technology innovator developing orthopedic surgical robots, today announced the implementation of a new, experienced commercial leadership team.  Following a recent successful financing round which will enable accelerated commercialization of several new products, THINK Surgical is excited to introduce the leadership team who will lead this effort. Under the direction of Chris Fronk, Chief Commercial Officer, the following team will be responsible for building out THINK Surgical’s sales and marketing capabilities. Nick Margree, Vice President Marketing - comes to THINK with 25+ years of sales and marketing experience in the medical device industry. Mr. Margree has extensive experience in general management and brand strategy for robotic, digital, and consumable technologies within the global orthopedics market. He most recently was instrumental in developing the European ortho robotics market. Jesse Kline, Sales Director, East - has 13+ years of experience in the medical device industry. He is a proven sales leader of robotic systems in both hard and soft tissue and has a strong orthopedic background having sold implants for 2 of the 4 market leaders. Mr. Kline has a outstanding ability to bring together implant partner, physician, and hospital executive stakeholders. Kevin Klick, [...]

7 11, 2022

THINK Surgical Raises $100 Million to Accelerate Commercialization of Robotic Surgery Products

November 7th, 2022|News|

(FREMONT, CA) October 26, 2022 - THINK Surgical, a technology innovator developing orthopedic surgical robots today announced that KDB Investment Global Healthcare of Korea, a new investor, has invested $100M in the company to enable a faster commercial launch of several new products.  This investment will allow THINK Surgical to bring new products to market which will offer a common planning solution across multiple robotic platforms along with a choice of implants from different manufacturers.  This investment will enable THINK Surgical to achieve its full potential as a leader in the orthopedic surgical robot space with a differentiated business model. THINK Surgical is committed to advancing robotic systems for joint replacement surgery that feature an open implant library. This approach offers customers a compelling alternative to closed systems which are limited to a single manufacturer’s implants. The opportunity to use implants from multiple implant manufacturers in combination with THINK’s robotic technology, allows surgeons to access the benefits of robotic assisted surgery and choose the implant that is best for each individual patient. “We are extremely excited to strengthen our financial position to support successful new product commercialization through this financing round.” said Stuart Simpson, president and chief executive officer of [...]

4 08, 2022

THINK Surgical and Curexo Announce Entry Into Development and Distribution Agreement

August 4th, 2022|News|

(FREMONT, CA) August 1, 2022 – THINK Surgical, Inc., an innovator in the field of orthopedic surgical robots, today announced its entry into a development and distribution agreement with Curexo, Inc., a medical robotics specialist company based in South Korea. THINK and Curexo have a strong working relationship based on historical development collaboration and Curexo distributes THINK’s TSolution One™ platform in Korea and Vietnam. Under the development and distribution agreement, THINK and Curexo will work together to include certain existing THINK technology and certain newly developed technology in Curexo’s CUVIS-Joint orthopedic surgical robot platform. THINK will have exclusive rights to distribute the CUVIS-Joint robotic platform, including the additional technology, in the United States and other countries, including the United Kingdom and certain countries in the European Union. The CUVIS-Joint robotic platform is currently being used by surgeons in Korea and India with great success. To date over 4,000 procedures have been performed. Curexo will continue to commercialize the CUVIS-Joint robotic platform, including new technology developed with THINK, outside of the countries in THINK’s distribution territory. Curexo will also continue to distribute THINK’s TSolution One™ platform in Korea and Vietnam. The CUVIS-Joint robotic platform is not yet cleared for sale in [...]

27 07, 2022

Think Surgical Appoints Park Mehendale as Vice President of Operations 

July 27th, 2022|News|

(FREMONT, CA) July 26, 2022 - THINK Surgical, Inc., an innovator in the field of orthopedic surgical robots, today announced the appointment of Parikshit (Park) Mehendale as vice president of operations.  Mr. Mehendale brings nearly 20 years of global operations, supply chain, and engineering management experience to the THINK organization. At THINK, Mr. Mehendale will lead supply chain, strategic sourcing, and new product transfer to operations. Before joining THINK, Mr. Mehendale served as vice president of manufacturing at Conformis Inc., where he led operations, manufacturing engineering, and new product commercialization efforts across multiple sites. Prior to Conformis, Mr. Mehendale served in leadership roles at Stryker, Zimmer-Biomet, and United Technologies.  “We are excited that Park has joined our leadership team.” said Stuart Simpson, president, and chief executive officer of THINK Surgical. “This is a particularly significant time for Park to join THINK as we prepare to commercially launch multiple new robotic systems. I am confident that Park’s experience and motivation make him particularly well suited to optimize supply chain management of our complex robotic systems and lead the transfer of these products from engineering to commercial operations.”  “I am delighted to take on the role of vice president of operations at THINK [...]

15 07, 2022

Chris Fronk Promoted to Chief Commercial Officer of THINK Surgical

July 15th, 2022|News|

(FREMONT, CA) July 14, 2022 - THINK Surgical, Inc., an innovator in the field of orthopedic surgical robots, today announced the appointment of Chris Fronk as the Chief Commercial Officer.  Mr. Fronk joined THINK Surgical in January 2022 as VP Sales and has added tremendous value to the company in a short period of time. Based on his nearly two decades of experience in selling enabling technologies such as navigation and surgical robots, Mr. Fronk has great instincts regarding customer expectations, commercial models and user experiences with enabling technologies. He also has great instincts for talent. These instincts will allow Chris to build a powerful commercial team and shape an effective commercial strategy for THINK Surgical. In this expanded role, Mr. Fronk will be responsible for defining the user needs for products in development as well as building a sales and marketing organization ahead of important new product introductions in both the US market and elsewhere around the world. “We are delighted that Chris has joined our executive leadership team.” said Stuart Simpson, president and chief executive officer of THINK Surgical. “Chris has an ability to engage customers, commercial partners and employees alike and we are impressed by his thoughtful approach to [...]

28 04, 2022

THINK Surgical and Concordia University Receive NSERC Alliance and MEDTEQ+ 3-Year Grant to Develop Artificial Intelligence for Robotic Surgery

April 28th, 2022|News|

THINK Surgical, Inc., a leading innovator in the field of robotic surgery, is pleased to announce a collaborative project between Concordia University and THINK Surgical funded by the Natural Sciences and Engineering Research Council (NSERC) of Canada and MEDTEQ+. The focus of this project will be on developing advanced image registration algorithms using machine learning and Artificial Intelligence (AI). The results may then be incorporated in THINK Surgical’s next-generation robotic solutions for orthopedic surgery. NSERC is the national funding agency of the Government of Canada and will be supporting this project under the Alliance program, whose grants are peer-reviewed and highly competitive. MEDTEQ+ is the pan-Canadian industry-led consortium for research and innovation in medical technologies. The total direct funding for the research is more than $250,000 over three years. “This grant will support ground-breaking research intended to improve the performance of existing and new clinical systems, thereby benefiting patients through improved clinical outcomes,” said Prof. Hassan Rivaz, the project’s primary investigator. “THINK Surgical’s open-platform is an excellent option for AI-powered applications.” Prof. Rivaz directs the IMage Processing and Characterization of Tissue (IMPACT) laboratory at Concordia University and is also an associate editor of IEEE Transactions on Medical Imaging. “We collaborated [...]

7 04, 2022

David C. Dvorak Invests $5 Million in THINK Surgical

April 7th, 2022|News|

THINK Surgical, Inc., an innovator in the field of orthopedic surgical robots, today announced the investment of $5 million dollars in THINK Surgical by David Dvorak. This investment was completed through Black Lake Expeditions, LLC, an entity for which Mr. Dvorak serves as managing director. Mr. Dvorak became THINK Surgical's Executive Chairman of the Board last year following an extensive search process. Mr. Dvorak had a successful 16-year career at Zimmer Biomet Holdings, Inc. where he most recently held the position of president and chief executive officer for a decade. "Since becoming THINK Surgical's Chairman, I have gained a much deeper understanding of THINK's overarching strategy and vision, current product offering and future technology pipeline, as well as the strength of its leadership team," said Mr. Dvorak. "Given his track record of success over decades with Stryker Corporation, including his time as president of the Joint Replacement Division and his experience with Mako robotic-arm technology, Stuart Simpson is uniquely qualified to lead THINK. I am highly confident that under Stuart's leadership THINK will execute its compelling plans with precision and generate tremendous value for its stakeholders." "It is incredibly gratifying and motivating to receive such a significant demonstration of support [...]

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