How Johnson & Johnson and Google Plan to Build a Better Robot
Surgical robotics company Intuitive Surgical's near-monopoly is facing a threat from two of America's most powerful companies, Alphabet's (NASDAQ:GOOG) (NASDAQ:GOOGL) Google and Johnson & Johnson. The corporate giants are collaborating in a new company called Verb Surgical, which has its sights set on introducing a safer, more cost-effective, and (here's the truly exciting part) smarter surgical robot.
Fortunately for Intuitive Surgical, the impact from this competitive threat could be diluted since there should be room for multiple players in this market.
Fortunately for Intuitive Surgical, the impact from this competitive threat could be diluted since there should be room for multiple players in this market.