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CCI gives a nod to Google and Johnson&Johnson JV on surgical robotics

CCI has given its approval for the proposed joint venture between Johnson&Johnson and Google in the area of robotic surgery

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Competition Commission has cleared Johnson & Johnson’s proposed joint venture with Google in the area of surgical robotics.

The collaboration between healthcare major Johnson & Johnson (J&J) and Internet giant Google for developing new technologies was announced in March this year.

For the joint venture, medical devices company Ethicon –part of J&J group — has entered into a definitive agreement with Google.

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In a tweet, Competition Commission of India (CCI) said it has approved “formation of a joint venture (Warren Robotics Inc) between Johnson & Johnson, Ethicon and Google”. CCI keeps a tab on unfair business practices in the market place across sectors.

Both J&J and Google have good presence in India. “The companies will bring together capabilities, intellectual property and expertise to create an innovative robotic-assisted surgical platform capable of integrating advanced technologies with the goal of improving healthcare delivery in the operating room,” J&J had said in March.


 

First uploaded on: 28-07-2015 at 13:07 IST
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