rter. Research and Development The company invested $197.4 million of research and development expenses for the year ended December 31, 2015. The company has formed alliances with various companies, including but not limited to, Erbe Elektromedizin GmbH; Johnson & Johnson; Olympus Corporation; Novadaq Technologies, Inc.; Mimic Technologies, Inc.; Schoelly Fiberoptic GmbH; and Trumph Medical (a division of Hill-Rom Holdings, Inc.). Intellectual Property As of December 31, 2015, the company held ownership or exclusive field-of-use licenses for approximately 2,100 U.S. and foreign patents and approximately 1,500 U.S. and foreign patent applications. Intuitive, Intuitive Surgical, da Vinci, da Vinci S, da Vinci Si HD Surgical System, da Vinci S HD Surgical System, da Vinci Si, da Vinci Xi, da Vinci Si-e, da Vinci SP, EndoWrist, EndoWrist One, EndoWrist Stapler 45, Single-Site, Firefly, InSite, and da Vinci Connect are trademarks of the company. Government Regulation The company’s products and operations are subject to regulation by the FDA, the State of California and countries or regions in which the company markets its products. The FDA and the Federal Trade Commission also regulate the advertising and promotion of the company’s products to ensure that the claims that the company makes are consistent with its regulatory clearances. The company’s manufacturing processes are required to comply with the FDA’s Good Manufacturing Practice requirements contained in its Quality System Regulation and associated regulations and guidance. Other Healthcare Laws The company is also subject to federal and state healthcare laws and regulations pertaining to fraud and abuse, physician payment transparency and privacy and security laws and regulations. These laws include the federal Anti-Kickback Statute; federal false claims laws; the federal Civil Monetary Penalties Law; federal criminal laws; the federal Health Insurance Portability and Accountability Act of 1996, as amended by the Health Information Technology for Economic and Clinical Health Act; the federal Physician Payment Sunshine Act; and analogous state and foreign law equivalents of each of the above federal laws, such as anti-kickback and false claims laws. Competition The company faces greater competition from larger companies, such as Ethicon Endo-Surgery, Inc. History Intuitive Surgical, Inc., a Delaware corporation, was founded in 1995.
intuitive surgical inc (ISRG:NASDAQ GS)
1020 Kifer Road
Sunnyvale, CA 94086-5304
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