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News Breaks
October 31, 2012
12:53 EDTHNSN, ISRGHansen Medical expands license agreement with Intuitive Surgical
Hansen Medical (HNSN) announced it has signed an updated license agreement with Intuitive Surgical (ISRG). Under the terms of the updated agreement, Intuitive Surgical's existing co-exclusive rights to Hansen Medical's patent portfolio to certain non-vascular approaches have been extended to include patents filed by Hansen Medical subsequent to the original 2005 agreement up to and including the period three years subsequent to this update. Hansen Medical retains the right to use its intellectual property for all clinical applications. This agreement is an update to the co-exclusive license agreement signed by the companies in 2005. Intuitive Surgical will pay Hansen Medical a $20Mup front license fee and will purchase 5,291,005 shares of Hansen Medical common stock for $10M through a private placement transaction. The shares were priced at $1.89, which represents a 5% premium to the trailing 10-day average of Hansen Medical's closing bid price on the Nasdaq Capital Market on October 26.
News For HNSN;ISRG From The Last 14 Days
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September 29, 2014
08:36 EDTISRGIntuitive Surgical receives FDA clearance for Single-Site Wristed Needle Driver
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September 24, 2014
14:00 EDTISRGIntuitive Surgical volatility at low on tight three-month range
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07:36 EDTISRGIntuitive Surgical stapler issue unlikely to impact results, says JPMorgan
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September 23, 2014
10:02 EDTISRGOn The Fly: Analyst Initiation Summary
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06:17 EDTISRGIntuitive Surgical initiated with a Sector Perform at RBC Capital
Target $523.
September 22, 2014
07:50 EDTISRGDoctors continue to use morcellators despite FDA warning, J&J halt, WSJ says
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07:47 EDTISRGIntuitive Surgical shipment halt unlikely to have major impact, says Wedbush
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07:45 EDTISRGIntuitive Surgical stapler halt may stop momentum, says Canaccord
Canaccord said Intuitive Surgical's "stop use" notice sent to hospitals regarding its EndoWrist Stapler 45 is a negative and could halt momentum in shares. The firm remains cautious and maintains its Hold rating on Intuitive Surgical given slowing GYN growth, constrained hospital budgets, and the recent change in financial reporting.
September 18, 2014
08:37 EDTISRGIntuitive reports FDA clearance of da Vinci in benign, base of tongue procedures
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