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Category: Auris Health

Robotics | IoT

Robotics investments February 2019

Robotics investments totaled at least $4.3 billion in February 2019 in a steep increase from January, which had about $1.4 billion. In addition, companies reported approximately $3.9 billion worth of acquisitions this past month. Any political or economic jitters have not yet harmed the mood for robot deals. The Robotic Industries Association noted yesterday that robot…

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J&J acquires Auris Health for $3.4B

Johnson & Johnson (J&J) is upping its robotic surgery play as its subsidiary Ethicon today inked a $3.4 billion deal to acquire Auris Health and its FDA-cleared Monarch platform. Auris is surgical robotics pioneer Dr. Fred Moll’s newest robotic surgical play. New Brunswick, N.J.-based Johnson & Johnson said the deal will include an additional $2.35 billion in milestone-based…

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Auris Health raises $220M for medical robotics platform

Auris Health closed a $220 million equity financing round to support its next-generation Monarch robotic interventional platform. The funding round brings the total raised for the Auris Health Monarch surgical platform up to $700 million over four rounds, Auris Health said. Redwood City, Calif.-based Auris Health said the round was led by Partner Fund Management…

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Auris Health wins FDA approval for Monarch surgical robot

Auris Health, previously known as Auris Surgical Robotics and formed by Intuitive Surgical (NSDQ:ISRG) founder Dr. Frederic Moll, won FDA clearance for its Monarch robotic endoscopy platform. The Redwood City, Calif.-based company said it’s Monarch robotic platform’s initial aim will be on treating lung cancer, with the FDA clearance indicating the device for use in…

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