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Johnson & Johnson to Acquire Remaining Stake in Verb Surgical Inc.

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A recent press release reports, “Dedicated to shaping the next frontier of surgery, Johnson & Johnson today announced an agreement to acquire the remaining stake in Verb Surgical Inc. following a successful strategic collaboration with Verily, an Alphabet company. Verb Surgical’s world-class robotics and data science capabilities combined with Johnson & Johnson’s health care leadership and global reach advance the company’s vision to make medical interventions smarter, less invasive and more personalized.”

Ashley McEvoy, Worldwide Chairman of Medical Devices at Johnson & Johnson, commented, “We have reached this important milestone thanks to the progress the Verb Surgical team has made with their digital surgery platform and the strong collaboration with Verily, Ethiconii, and the clinicians around the world who shared their passion, deep insights and clinical expertise… We are building a truly differentiated digital surgery ecosystem to change the standard of care for generations to come, and our collaboration with Verily has enabled us to advance our vision to help improve outcomes for patients around the world.”

Andrew Conrad, CEO of Verily, added, “With Verb Surgical, we set out with an ambitious mission to successfully harmonize the talent and expertise of two pioneers to design a platform with the potential to transform surgery. This evolution in the collaboration recognizes the significant achievement toward that mission and I’m excited for the future of this technology in Johnson & Johnson’s hands.”

Read more at PR Newswire.

Image used under license from Shutterstock.com

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