@ SafeStitch Medical Changes Name to TransEnterix, Inc. | SEBIO

SafeStitch Medical Changes Name to TransEnterix, Inc.

Posted by on Dec 10, 2013

RESEARCH TRIANGLE PARK, N.C. – SafeStitch Medical, Inc. (OTCBB:SFES) (OTCBB:TRXC), which recently merged with TransEnterix, Inc., announced the company’s name has been changed to TransEnterix, Inc. following actions previously taken by its Board of Directors and a majority of its stockholders. The company will begin trading on the OTC Bulletin Board (“OTCBB”) under the new ticker symbol “TRXC,” effective December 9, 2013. The new ticker symbol replaces “SFES” and reflects the combined company’s new name. These changes do not otherwise affect shares of common stock held by the company’s stockholders.

“Today’s announcement represents a significant milestone following our merger with SafeStitch Medical. The combined company is poised to deliver innovative new products for minimally invasive surgery, including the SurgiBotTM, a patient-side minimally invasive surgical robotic system”

“Today’s announcement represents a significant milestone following our merger with SafeStitch Medical. The combined company is poised to deliver innovative new products for minimally invasive surgery, including the SurgiBotTM, a patient-side minimally invasive surgical robotic system,” said Todd M. Pope, president and CEO of TransEnterix.

About TransEnterix

TransEnterix is a development-stage medical device company that is pioneering the use of flexible instruments and robotics to improve how minimally invasive surgery is performed. The company is focused on the development and commercialization of SurgiBot, a patient-side minimally invasive surgical robotic system. For more information, visit the company website at www.transenterix.com.

http://ow.ly/rCQ1I

Leave a Reply