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 $1...
