No Profit, No Problem for Israeli Company’s World-Beating Stock

ows_14682955209871An Israeli surgical robot maker that hasn’t posted a profit since at least 2007 has become the world’s best performing medical devices stock.

Shares in Mazor Robotics Ltd. have more than doubled since Medtronic Plc, the largest maker of equipment to treat spinal conditions, in May agreed to take a stake of as much as 15 percent in the company and promote its next-generation robotic spinal system called Mazor X. The 125 percent jump in the stock’s primary listing in Tel Aviv this year beat about 200 peers worldwide.

By Sharon Wrobel & Gabrielle Coppola | Bloomberg

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About Peter Coffaro 1134 Articles

A growth-driven and strategic executive, Peter Coffaro commands more than 20 years of progressive management success within the medical device industry. As a District Sales Manager for Stryker Orthopaedics, Peter was responsible for managing and directing a regional sales force to achieve sales and profit goals within the Rocky Mountain region. Previously, he was the Director of Sales & Marketing for Amp Orthopedics. In this role, Peter was responsible for planning, developing, and leading all sales and marketing initiatives. Peter is a former orthopedic distributor in the Pacific Northwest. He has also worked with DePuy Orthopaedics as well as Zimmer, and held positions in sales, sales training, and sales management. Peter has an extensive background in organizational development, business development, sales management, negotiating and P&L management. Peter holds a B.S. degree in Biology from Northern Illinois University.

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