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Hansen Medical stock (HNSN:NASDAQ) jumps 22%

November 1, 2012

Intuitive Surgical updated their co-exclusive rights to certain of Hansen Medical‘s patent portfolio for a fee of $20 million. Intuitive also purchased $10 million of Hansen Medical’s stock.

The deal extends a 2005 agreement and adds Hansen patents filed subsequent to that date.
Hansen Medical provides a line of intravascular robotics products; Intuitive Surgical produces the da Vinci Surgical System.
Hansen Medical’s stock has been on a steady slide since its 2012 high of $3.90 in early February.

Frank Tobe
guest author
Frank Tobe is the owner and publisher of The Robot Report, and is also a panel member for Robohub's Robotics by Invitation series.

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