Medtronic: The Medtech Giant Is Now Challenging Intuitive Surgical in the Robotics Market With $700 Million.

Jörg Meyer writes at 4:00 PM: Medtronic is expanding its robotics story. The medtech company is investing approximately $700 million in Cornerstone Robotics, securing—among other things—distribution rights for the latter’s "Sentire" surgical robot in select markets outside the US. By combining this with its own "Hugo" system, Medtronic is establishing a two-platform portfolio for robotic-assisted surgery for the first time. Two robots to challenge market leader Intuitive Surgical Medtronic aims to scale up more rapidly in the surgical...