Medtronic Inks $42m Deal With Mazor Robotics


by Brad Perriello, Mass Device

Mazor Robotics said today that it inked a 2-phase deal with Medtronic for its robot-assisted spine surgery technology that includes a co-promotion agreement and an equity investment that could see Medtronic wind up with a 15% stake in the Israeli company for as much as $42 million.

Caesarea, Israel-based Mazor said the 1st phase of the deal calls for Medtronic to acquire 15 Mazor systems this year. It also makes Medtronic Mazor’s sole partner for developing and commercializing robot-assisted spine surgery devices.”

Read More…