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Stock impact report

Vicarious inks software partnership as it streamlines operations [Yahoo! Finance]

Vicarious Surgical Inc. Class A (RBOT) 
Company Research Source: Yahoo! Finance
Vicarious Surgical said it has entered into a partnership with a digital engineering and software development services firm in a step toward streamlining its operations. The robot developer, which did not name the firm, said last week the agreement is central to its broader plan to improve execution, increase development predictability and reduce operating expenses. “Partnering with an organization that has scaled programs of similar complexity allows us to focus our internal teams on core innovation, system level integration, and the work that most directly advances us toward design freeze and clinical readiness,” Stephen From, who joined Vicarious as CEO in August, said in a statement. Vicarious is developing a single-port robotic system for abdominal procedures. The company sees a large untapped market , with 82% of the more than 5.6 million U.S. abdominal procedures performed annually still done as open surgeries or laparoscopic. Shortly after From came on board, the new Show less Read more
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