Wow! J&J to pay $1B for post-acquisition hinderance.

Johnson & Johnson must pay over $1 billion to former Auris Health investors for breaching a 2019 merger agreement by failing to provide resources for regulatory milestones, and fraudulently hindering the progress of Auris's robotic surgery systems.

Dive Brief:

A Delaware judge ruled Wednesday that Johnson & Johnson must pay Auris Health’s former investors more than $1 billion in damages after violating a 2019 merger agreement between the healthcare giant and surgical robotics firm.
J&J did not provide Auris with resources to accomplish regulatory milestones — tied to more than $...


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