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Mazor is getting acquired by Medtronic

"Medtronic announced this week the intention to purchase Mazor Robotics, the Israeli manufacturer of the up-and-coming robotic assisted surgical system Mazor X and the Renaissance Guidance System. Medtronic is expected to spend a total of $1.64 billion to bring Mazor X fully into the fold. Designed for spine surgeries, the Mazor X made its proper debut a little more than two years ago and then launched commercially a few months later at the annual meeting of the North American Spine Society (NASS). Medtronic was an early and enthusiastic investor in Mazor Robotics, plugging $20 million into the company in July 2016 and issuing a purchase order for 15 systems at the point Mazor X officially hit the market.
Medtronic continued to invest in Mazor Robotics and eventually set an agreement to serve as the sole distributor for Mazor X systems and associated tools. Positioning the Mazor X as a innovative technology that aligned with Medtronic’s established line of spinal pro…

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