Johnson & Johnson Acquires Robotic-Surgery Firm Auris for $3.4 Billion

By

Johnson & Johnson has agreed to buy surgical robotics company Auris Health Inc. for about $3.4 billion in cash, in a deal that would give the drug giant a lung-cancer diagnostic and treatment tool.

Under the terms of the deal, announced Wednesday, J&J could also make additional payments of up to $2.35 billion to Auris based on milestones, the people said. Auris, a closely held firm led by industry veteran Fred Moll, has developed robotic surgical scopes operated with a handheld device that are steered into patients' lungs to identify cancerous tumors.

Full Article

Join the Discussion
More Home News
IRS Reinstates $300 Monthly Child Tax Credit Payments Under Biden's New Family Assistance Plan

IRS Reinstates $300 Monthly Child Tax Credit Payments Under Biden's New Family Assistance Plan

How To Prepare for Survivor's Penalty and Avoid Higher Taxes After Losing a Spouse

How To Prepare for Survivor's Penalty and Avoid Higher Taxes After Losing a Spouse

Wisconsin Legislation Introduces New $4000 Child Tax Credit, Aiding Families Statewide

Wisconsin Legislation Introduces New $4000 Child Tax Credit, Aiding Families Statewide

How to Maximize Social Security Benefits: Insights into Eligibility, Timing, and Claim Strategy

How to Maximize Social Security Benefits: Insights into Eligibility, Timing, and Claim Strategy

Real Time Analytics