Luna Innovations Signs Multi-Year Development and Supply Agreement with Intuitive Surgical: Financial News – Yahoo! Finance
Luna Innovations Signs Multi-Year Development and Supply Agreement with Intuitive Surgical
Thursday June 14, 9:21 am ET
Luna’s Sensing Technology to be Integrated into Intuitive’s Surgical Products
ROANOKE, Va.–(BUSINESS WIRE)–Luna Innovations Incorporated (NASDAQ:LUNA – News) announced today that it has entered into an IP licensing, development, and supply agreement with Intuitive Surgical, Inc. (NASDAQ: ISRG – News), the global technology leader in robotic-assisted minimally invasive surgery (MIS). Under the terms of the multi-year agreement, Luna will develop and supply its fiber optic-based shape sensing and position tracking system for integration into Intuitive Surgical’s products, which includes the da Vinci� Surgical System.
One day we may look back at this as an important purchase.
What many physicians do not understand yet is that a surgical platform can provide you with many things that traditonal open or laparoscopic can not. I do not know the details of Luna’s products, but this seems to be a way for the robotic system to track other organs that are inside the operative field. This is an important step in truly computer assisted surgery.
I will look forward into reading about this new technology.