On Tuesday, MAKO Surgical announced that it had filed a registration statement with the SEC for a proposed IPO of its common stock. This offering should prove to be very intriguing. The medical device maker has designed a surgeon-interactive robotic system that assists orthopedic surgeons in carrying out more precise and less invasive osteoarthritic knee surgeries. The company has only been around since 2004, and its CEO, Dr. Maurice Ferre, recently received the 2007 Ernst & Young Entrepreneur of the Year award for emerging companies in Florida.
MAKO Surgical will join a small group of robotic stocks that have made some major waves in recent years. Rule Breakers pick Intuitive Surgical
Also in this group is Hansen Medical
Intuitive Surgical and its counterparts have set the bar high, but MAKO is definitely an IPO that should be watched closely -- especially for Fools who have entered middle age and have been hobbled by the early onset of osteoarthritis.
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