Troubles Continue for Intuitive Surgical, Inc. as Shares Keep Falling

Troubles continued for robotic surgeon maker Intuitive Surgical Inc., as shares took another tumble Thursday following the company’s explanation of recent federal scrutiny over its da Vinci devices. Intuitive ISRG -0.39% shares fell by nearly 4% to $489.89, a day after the company said a rise in reports of troubles with its machines are due mostly to a revised reporting practice. The company said it revised those practices in September and started seeing a rise in device malfunction reports, most of which were related to instruments but not devices. “None of these device malfunction [reports] involved reportable injuries or deaths,” the company’s statement said. Just before the close on Feb. 28, the company’s shares dropped more than 11%, which amounted to a fall of $63.63 a share. It was reported at the time that the U.S. Food and Drug Administration was scrutinizing an increase in reports regarding the elaborate devices used to conduct surgeries.
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