Seeking Alpha

Luna +128% after selling shape-sensing technology to Intuitive Surgical

  • Shares of Luna Innovations (LUNA +128%) more than triple after announcing the sale of its fiber optic shape-sensing technology for medical applications to Intuitive Surgical (ISRG -1%).
  • LUNA will receive $12M upfront in two tranches and up to an additional $18M upon certain technical milestones and commercial measures.
  • LUNA says the sale will enable it to focus on the growth potential of its fiber optic sensing business while significantly strengthening its balance sheet.
  • HNSN +7.4%.
Comments (1)
  • quyngocchung
    , contributor
    Comments (2) | Send Message
     
    where I can get LUNA stock early
    22 Jan, 01:10 PM Reply Like
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