FDA Clearance Achieved
Monogram Technologies received 510(k) clearance from the FDA for the mBôs TKA system, marking a defining milestone in the company's history.
Strong Financial Position
The company reports $13.3 million in cash with a reduced monthly cash burn rate of $0.8 million, down from $1.1 to $1.2 million last year. The company has no traditional debt and minimal short-term obligations.
Clinical Trial Approval in India
Regulatory approval was obtained from the CDSCO to initiate a multicenter clinical trial in India, marking the world's first autonomous saw-based robotic total knee surgeries on live patients.
Technology and Market Position
The mBôs surgical system is the only hands-free autonomous saw-based total knee robot cleared by the FDA, positioning Monogram at the forefront of orthopedic surgery innovations.