Luna Innovations Inc. (LUNA) announced Wednesday morning that it sold its shape-sensing technology for medical applications to Intuitive Surgical (ISRG). Luna will receive $12 million upfront and could potentially receive up to an additional $18 million in milestone payments.
Luna Innovations gapped open higher Wednesday and has continued to rise sharply on the highest volume in 6 months. The stock has surged to a new high for the year.
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