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.
