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Intuitive Surgical buys medical shape-sensing technology in deal valued at up to $30 million
January 23, 2014
By: DAVID SAVASTANO
Editor, Ink World Magazine
Luna Innovations Inc. announced the sale of its shape-sensing technology for medical applications to Intuitive Surgical, Inc. The terms of the deal include Luna receiving $12 million upfront in two tranches and up to an additional $18 million upon certain technical milestones and commercial measures. Intuitive will acquire Luna’s fiber optic shape-sensing and localization technology, including related patents, and hire a number of engineering employees formerly utilized in Luna’s medical sha...
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