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Johnson & Johnson Makes Major Robotics Purchase
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14 Feb 2019 01:57 AM EST

Reuters reports that Johnson & Johnson is buying privately held Auris Health Inc. Auris makes a robotic scope used in respiratory and lung cancer procedures. Johnson & Johnson will buy the company for $3.4 billion in cash. Johnson & Johnson wants to gain access to devices that make difficult surgical procedures simpler. J&J’s agreement includes additional payments to Auris of $2.35 billion, based upon Auris hitting certain milestones, which J&J did not specify.

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