J&J Takes Full Ownership Of Verb Surgical, Verily Breaks Off Robotics Partnership

Johnson & Johnson is acquiring the remaining stake in Verb Surgical from Verily following a four-year partnership. The transaction is expected to close in the first half of 2020.

JNJ

Johnson & Johnson is acquiring full ownership of Verb Surgical, buying out the share held by Alphabet’s Verily Life Sciences LLC, after a four-year collaboration to develop a digital surgery platform.

J&J announced on 20 December its plans to acquire the remaining stake from Verily and move the robotic surgery platform to market alone. Verily CEO Andrew Conrad said he was...

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