Tuesday, October 31, 2017 10:37:55 PM
https://www.medtechy.com/the-ticker/articles/2017/medtronic-and-mazor-robotics-need-each-other
Excerpt:
The $72 million invested by Medtronic (as of Sept 2017) has allowed Mazor to scale at a much faster rate then they ever would have without the capital.
Excerpt:
Medtronic also has warrants allowing them to buy another 1.2 million shares, which could bring their total investment to $125 million, or 14% ownership of the company.
Excerpt:
It's Not Just About the Money
It's not just the capital though, Mazor could get funding from anyone. What they received with Medtronic's money is an instant world-class sales organization that provides contacts and validation in the U.S.
Trust me, getting a product launched in the U.S. without a sales team, marketing and validation is virtually impossible.
This partnership is a win-win for both companies.
They are two companies that need each other. Mazor doesn't have the sales infrastructure in place and Medtornic's Spine division is a mess.
One day we will see the success of MannKind
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