Johnson & Johnson Makes Major Robotics Purchase

Reuters reports that Johnson & Johnson is buying privately held Auris Health Inc.<br />Auris makes a robotic scope used in respiratory and lung cancer procedures.<br />Johnson & Johnson will buy the company for $3.4 billion in cash.<br />Johnson & Johnson wants to gain access to devices that make difficult surgical procedures simpler.<br />J&J’s agreement includes additional payments to Auris of $2.35 billion, based upon Auris hitting certain milestones, which J&J did not specify.