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Intuitive Surgical makes $15M equity investment in medical device maker

Intuitive Surgical Inc. completed a $15 million equity investment in San Jose, Calif.-based medical device maker Broncus Medical, Inc.

San Jose, Calif.-based Broncus said the funds from the series A financing will be used to develop its lung cancer technologies and execute clinical trials to support the commercial business.

Sunnyvale, Calif.-based Intuitive Surgical's investment gives it access to Broncus' intellectual properties, which can be utilized to develop technologies focused on diagnostic and therapeutic lung procedures.