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Robotics: Hansen Gains on $30M Deal with Intuitive Surgical

Wed, 10/31/2012 - 3:34pm
Mass Device

A $30 million robot-assisted surgical technology licensing deal with Intuitive Surgical gives Hansen Medical a 25% Wall Street boost.

deals illustration

News of an expanded licensing deal with Intuitive Surgical (NSDQ:ISRG) sent Hansen Medical's (NSDQ:HNSN) shares soaring on Wall Street today.

Hansen announced that a patent licensing agreement with Intuitive, originally signed in 2005, was expanded to include new and forthcoming technologies, for which Intuitive will pay a total of $30 million in cash and share purchasing.

HNSN shares were up to $2.27 as of about 3:35 today, a 25.1% increase from the morning's open at $2.05.

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