Johnson & Johnson's $1 billion loss from robotics takeover reduced by Delaware top court

Core Point - Johnson & Johnson successfully persuaded Delaware's highest court to dismiss a portion of a $1 billion damages award related to its breach of a 2019 agreement to acquire Auris Health, a company specializing in surgical robots [1] Group 1 - The court ruling specifically addresses the damages awarded for the breach of the acquisition agreement [1] - The original agreement involved Johnson & Johnson's intention to purchase Auris Health, which focuses on innovative surgical robotics [1] - The decision may have implications for future mergers and acquisitions in the healthcare technology sector [1]