MicroPort MedBot jumps as China approves launch of hip/knee surgical robot

Shanghai MicroPort MedBot (Group)

19/09/2023 05:59

** Shares of Shanghai MicroPort MedBot Group  2252.HK  jump
as much as 11.4% to HK$19.50, their highest since Aug. 30, and
on course for fourth consecutive session of gains
    ** Stock set for the biggest one-day pct rise since June 30
if gains hold
    ** Company says its Skywalker Hip & Knee Arthroplast
Surgical Robot has obtained approval for launch from China's
National Medical Products Administration
    ** Robot assists total knee and hip arthroplasty and
surgeries, and its preoperative planning system creates 3D
models of knee joint and hip joints based on CT scan data and
formulates personalized prosthesis implantation plans - co
    ** Hang Seng Commerce & Industry Index  .HSNC  slips 0.1%
and Hang Seng Tech Index  .HSTECH  eases 0.5%
    ** Hang Seng Composite Index  .HSCI  and Hang Seng Index
 .HSI  edge up 0.04% and 0.02% respectively
    ** As of last close, the stock had dropped 45% this year

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))