August 22, 2017 9:39 AM ET

Healthcare Equipment and Supplies

Company Overview of Virtual Incision Corporation

Company Overview

Virtual Incision Corporation develops in vivo robotic surgical devices that can be inserted through a single incision in the navel. The robots perform multi-quadrant surgery. The company was formerly known as Nebraska Surgical Solutions, Inc. and changed its name to Virtual Incision Corporation in November 2006. The company was founded in 2006 and is headquartered in Sioux Falls, South Dakota.

5708 South Remington Place

Suite 600

Sioux Falls, SD 57108

United States

Founded in 2006

Phone:

605-271-8019

Key Executives for Virtual Incision Corporation

Chief Executive Officer
Founder and Director
Founder and Director
Compensation as of Fiscal Year 2017.

Virtual Incision Corporation Key Developments

Virtual Incision Corporation Announces the Successful First-In-Human Use of its Miniaturized Robotically Assisted Surgical Device for Colon Resection

Virtual Incision Corporation announced the successful first-in-human use of its miniaturized robotically assisted surgical device (RASD) for colon resection, a procedure performed to treat patients with lower gastrointestinal diseases. These diseases include diverticulitis, colon polyps that are too large to be removed endoscopically, pre-cancerous and cancerous lesions of the colon, and inflammatory bowel disease. The robotically assisted colon resection procedures were completed in Asunción, Paraguay, as part of the safety and feasibility trial for the technology. The surgeries were successful and the patients are recovering well. Unlike large, mainframe-like robots that reach into the body from outside the patient, Virtual Incision’s robot platform features a small, self-contained surgical device that is inserted through a single midline umbilical incision in the patient’s abdomen. Virtual Incision’s technology is designed to utilize existing tools and techniques familiar to surgeons, and does not require a dedicated operating room or specialized infrastructure. Because of its much smaller size, the robot is expected to be significantly less expensive than existing robotic alternatives for laparoscopic surgery. Virtual Incision’s technology promises to enable a minimally invasive approach to surgeries performed now with a large open incision. More than two million patients undergo colon resection procedures globally each year. Approximately two-thirds of these procedures are performed via a completely open surgical procedure involving an 8- to 12- inch incision and up to six weeks of recovery time. Because of the complicated nature of the procedure, existing robotically assisted surgical devices are rarely used for colon resection surgeries, and manual laparoscopic approaches are only used in one-third of cases due to their difficulty and complexity.

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