Why Intuitive Surgical Stock Surged 20% in July
Shares of Intuitive Surgical (NASDAQ: ISRG) climbed 20.3% last month, according to data provided by S&P Global Market Intelligence. The maker of advanced surgical systems is dominating the robotic healthcare industry, as its competitors struggle to enter the market.
Intuitive Surgical got a boost in mid-July when Johnson & Johnson (NYSE: JNJ) said its robotic surgery program was experiencing delays. With J&J now expecting to begin human trials no sooner than the second half of 2022, Intuitive Surgical will have significantly more time before it'll see increased competition. J&J also said it expects to face a more stringent standard for regulatory approval, which could make it more difficult for the healthcare giant to bring its new robotic devices to market.
Intuitive Surgical is the undisputed leader in robotic surgery. Image source: Intuitive Surgical.
Source Fool.com
