Johnson & Johnson to buy surgical robotics firm Auris in $3.4 billion deal

FILE PHOTO: A Johnson & Johnson building is shown in Irvine, California, U.S., January 24, 2017. REUTERS/Mike Blake/File Photo - Copyright Mike Blake(Reuters)

By Reuters

Published on 13/02/2019 - 15:34•Updated 20/04/2024 - 05:57

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(Reuters) - Healthcare conglomerate Johnson & Johnson <JNJ.N> said on Wednesday it would buy privately held surgical robotics company Auris Health Inc for about $3.4 billion (£2.64 billion) in cash.

The agreement also includes contingent payments of $2.35 billion to Auris, J&J said.

Auris Health is a developer of robotic technologies focused on lung cancer.

(Reporting by Manas Mishra in Bengaluru; Editing by Sai Sachin Ravikumar)

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