Regulator
Restoration Robotics got a CE mark to sell the ARTAS iX model in Europe.
A regulator's decision · Company-reported · Sets ARTAS's stage
What the source says
“The CE Mark approval follows the company's receipt of ISO 13485:2016 certification for Artas iX in January 2019.”
What it means
ARTAS, from Venus Concept (formerly Restoration Robotics), is at stage 5 of 5 on our ladder: regulator-cleared or mass market. This event is one of the milestones that placed it there. This line rests on the company's own announcement; no regulator, customer or independent report confirms it in our sources yet.
Human help: Our sources report it working without human help.
More on ARTAS
- Venus Concept became fully owned by funds of investor Madryn Asset Management and is now a private company.
- Venus Concept said it would remove its shares from the Nasdaq stock market and stop filing reports with the SEC, to save costs during a turnaround.
- Venus Concept said it would cut 70 jobs, about 18% of its staff, and leave markets that lost money.
- Shareholders of Restoration Robotics, the San Jose company behind ARTAS, approved its merger with aesthetics firm Venus Concept.