BREAKING NEWS

BREAKING NEWS

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

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)
Text size Aa Aa

(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)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.