Competition Commission has cleared Johnson & Johnson’s proposed joint venture with Google in the area of surgical robotics.
The collaboration between healthcare major Johnson & Johnson (J&J) and Internet giant Google for developing new technologies was announced in March this year.
For the joint venture, medical devices company Ethicon — part of J&J group — has entered into a definitive agreement with Google.
In a tweet, Competition Commission of India (CCI) said it has approved “formation of a joint venture (Warren Robotics Inc) between Johnson & Johnson, Ethicon and Google”.
CCI keeps a tab on unfair business practices in the market place across sectors.
Both J&J and Google have good presence in India.
“The companies will bring together capabilities, intellectual property and expertise to create an innovative robotic-assisted surgical platform capable of integrating advanced technologies with the goal of improving healthcare delivery in the operating room,” J&J had said in March.