Intuitive Surgical Invests $15m Into Lung Cancer Startup
Intuitive Surgical has struck a deal with lung disease technology firm Broncus Medical. The multipart agreement includes a $15 million investment, technology development collaboration and a licensing deal.
Broncus has built its business upon a portfolio of technology platforms that support the diagnosis of lung cancer and treatment of emphysema. These devices provide image guidance to help physicians navigate to sites in the lung. The technology superimposes the physician’s target on live views from inside the body, supporting navigation through the airways.
Intuitive, the dominant force in robot-assisted surgery, is interested in the technology and has signed up to help Broncus advance it. Broncus emerges from the deal with a $15 million series A investment and a technology development collaboration agreement with Intuitive.
The agreement also gives Intuitive rights to intellectual property from Broncus. Intuitive will use the IP “in the development of technologies focused on diagnostic and therapeutic lung procedures.”
Read More at the Source: Intuitive Surgical backs lung cancer tech play Broncus | FierceBiotech
By: Nick Paul Taylor
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