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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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