A ruling this month by the Competition Commission of India sheds a bit of light on the robot-assisted surgery joint venture between Johnson & Johnson (NYSE:JNJ) and Google (NSDQ:GOOG).
New Brunswick, N.J.-based J&J said in March that its Ethicon subsidiary and Google will work on “an innovative robotic-assisted surgical platform capable of integrating advanced technologies with the goal of improving healthcare delivery in the operating room.”
“This collaboration with Google is another important step in our commitment to advancing surgical care, and together, we aim to put the best science, technology and surgical know-how in the hands of medical teams around the world,” global surgery worldwide chairman Gary Pruden said at the time.
Although the companies have not revealed many details about the project (financial terms of the deal, which was expected to close during the 2nd quarter, were not disclosed), the CCI ruling provides a bit more insight: Its name, Warren Robotics.
The deal calls for “transfer of certain assets (including the intellectual property and related assets) from Google and Ethicon to the JV,” according to the July 10 ruling.