Becker's Healthcare December 11, 2023
Noah Schwartz

Healthcare technology company Medtronic will partner with Cosmo Pharmaceuticals’ medical device business unit to expand the use of artificial intelligence.

The partnership will build off of the AI-powered GI Genius endoscopy module. Through the agreement, Medtronic will pay Cosmo $100 million up front, royalty on net sales and potential milestone payments, according to a Dec. 11 Medtronic news release.

According to Medtronic, the GI Genius module increased adenoma detection rate by 14%. The most recent...

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Topics: AI (Artificial Intelligence), Medical Devices, Partnerships, Technology, Trends
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