Hansen Updates Intuitive Surgical License, WellCare Buys SC Medicaid Unit: Healthcare Business Update
Shares of Hansen Medical (NASDAQ:HNSN) pop following its signing an updated license agreement with Intuitive Surgical (NASDAQ:ISRG), which extend’s the latter’s rights to Hansen Medical’s patent portfolio. Through the terms, Intuitive will pay Hansen $20 million up front for the license fee and also will buy 5,291,005 shares of its common stock for $10 million through a private placement.
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