Medtronic, Mazor Robotics close $40m round

Mazor Robotics (NSDQ:MZOR) said today that closed the third, $40 million tranche of a deal with Medtronic (NYSE:MDT), which is due to take on exclusive global distribution rights for the Mazor X robot-assisted surgery device. It’s the third investment in the Israeli surgical robotics concern for Fridley, Minn.-based Medtronic, taking its total investment to $72 million, 10.6% stake in Mazor. The deal also includes 1.21 million warrants priced at $44.23 apiece; if exercised in full Medtronic would own a 14.2% stake in Mazor, having invested some $125 million. Get the full story from our sister site, The Robot Report. The post Medtronic, Mazor Robotics close $40m round appeared first on MassDevice.
Source: Mass Device - Category: Medical Devices Authors: Tags: Mergers & Acquisitions Robotics Wall Street Beat mazorrobotics Medtronic Source Type: news