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Fly News Breaks for September 4, 2019
SYK
Sep 4, 2019 | 11:33 EDT
After Stryker announced the purchase of Mobius Imaging and Cardan Robotics for $370M upfront and $130M in potential future milestones, Piper Jaffray analyst Matt O'Brien said he believes that having a robotics offering should accelerate implant pull-through for the company's Spine division. The analyst, who also sees the deals helping Stryker to present a more complete offering to customers once commercially available, keeps an Overweight rating on the stock.
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