Technion’s robotic surgery business Mazor Robotics has been snapped up by medical device developer Medtronic, which had already invested $72m in the company.
Mazor Robotics, an Israel-based robotic surgical device maker based on research at Technion – Israel Institute of Technology , has been acquired by medical device developer Medtronic for $1.6bn, Globes reported today.
The price sets a record for acquisitions in the Israeli medical sector, surpassing the $1.1bn paid by drug developer Mitsubishi Tanabe Pharma for Ben-Gurion University of the Negev-founded Parkinson’s therapy developer Neuroderm in 2017.
Founded in 2001, Mazor Robotics has created a robotic arm called…
