Mazor shares soar on Texas hospital deal

This is Mazor's first sale in the US since it changed its marketing plan for the US.

Mazor Surgical Technologies Ltd. (TASE:MZOR) has received its first order for its robotic spinal surgical system from Texas Presbyterian Hospital in Plano, a suburb of Dallas. The contract includes four years of support. Mazor did not disclose the amount of the deal.

Mazor will install the system this month and will include the sale in the company's financial report for the second quarter.

This is Mazor's first sale in the US since it changed its marketing plan for the US.

Mazor's new sales strategy includes positioning the system as a strategic asset for hospitals in a competitive environment, enabling them to improve their market share and offer a higher level of medical treatment.

Mazor's US sales team now has six people, and is growing as needed.

Mazor's share price rose 12.4% by early afternoon to NIS 10.08, giving a market cap of NIS 205 million.

Published by Globes [online], Israel business news - www.globes-online.com - on June 7, 2010

© Copyright of Globes Publisher Itonut (1983) Ltd. 2010

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