After selling Auris for $3.4 billion to J&J, CEO Frederic Moll and lead investor Ajay Royan come to Disrupt

TechCrunch | 7/9/2019 | Staff
Click For Photo:

Frederic Moll has to be one of the most successful inventors and entrepreneurs who is not yet a household name.

Moll’s successes include the 22-year-old, publicly traded Intuitive Surgical, a robotic surgical systems manufacturer now worth around $61.4 billion, and Hansen Medical, a company that developed tools to manipulate catheters.

Device - Entrepreneur - Auris - Manufacturer - Robots

Most recently, the serial medical device entrepreneur sold Auris, a manufacturer of advanced surgical robots that was sold earlier this year to Johnson & Johnson in a $3.4 billion deal that also holds the possibility of an additional $2.35 billion in payouts.

More significant than the money, though, are the changes that technologies like Auris presage for the medical profession.

Auris - Surgeons - Needs - People - Earth

“With Auris, we realized there aren’t going to be enough surgeons to address the needs of the additional 5 billion people who are going to be on earth, and everyone deserves equally good healthcare, and you’ve got to find a way to deliver that with technology. So, what is the equivalent of cell phones for surgery?” said Ajay Royan, the co-founder of Mithril Capital and an investor in the company, in an interview with Fortune earlier this year. “It sounds crazy, but what is the iPhone of surgery, where you...
(Excerpt) Read more at: TechCrunch
Wake Up To Breaking News!
Sign In or Register to comment.

Welcome to Long Room!

Where The World Finds Its News!