Restoration Robotics (HAIR) Wins CE Mark For ARTAS IX System
Zacks Investment Research | Aug 21, 2019 08:39AM ET
Restoration Robotics, Inc. (NASDAQ:HAIR) recently attained CE Mark approval for the commercial rollout of the ARTAS iX Robotic Hair Restoration System, equipped with implantation functionality, in Europe.
This regulatory approval is expected to strengthen the company’s hair restoration business and expand its global presence.
More About the ARTAS iX System
The ARTAS Robotic Hair Restoration System is the first and only hair restoration system in the world that combines robotics and AI technology to aid surgeons through the most crucial and monotonous stages of the hair restoration process. It enables accurate, proficient and repeatable hair restoration, and automates the vital aspects of hair transplantation procedures like graft harvesting, recipient site making, and now, implantation.
The CE Mark approval came on the heels of the company’s receipt of ISO 13485:2016 Certification for ARTAS iX in January 2019. With this approval, ARTAS users in Europe can now use this new platform, which includes novel implantation functionality, improves clinical outcomes and further enhances the hair restoration process. Management expects to continue selling through its international sales team and distributor partners in new markets across Europe.
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