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Intuitive Surgical acquires remainder of Luna's medical shape-sensing technology for $9M

Dec. 23, 2015 10:09 AM ETIntuitive Surgical, Inc. (ISRG) StockLUNA, ISRGBy: Douglas W. House, SA News Editor
  • Intuitive Surgical (ISRG +0.4%) buys the remainder of the purchase consideration of Luna Innovations' (LUNA +14%) medical shape-sensing technology for $9M.
  • Intuitive acquired the fiber optic shape-sensing and localization technology, including relevant patents, in January 2014 for an upfront payment of $12M, additional milestones (originally up to $18M) and a royalty on certain sales of commercial systems.
  • Previously: Luna +128% after selling shape-sensing technology to Intuitive Surgical (Jan. 22, 2014)

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