This News Caused TransEnterix's Stock to Spike
After announcing that it is selling its SurgiBot assets to a Chinese-based medical equipment provider, shares of TransEnterix (NYSEMKT: TRXC), a company focused on robotic surgery, rose as much as 12% in early morning trading on Monday. The rally has since cooled off but shares were still up about 5% as of 10:25 a.m. EST.
TransEnterix announced today that it is transferring ownership of the SurgiBot to Great Belief International Limited (GBIL).
Here are the key takeaways from the deal:
Source: Fool.com