BUZZ-J&J climbs after receiving FDA authorization for surgical robot

Johnson & Johnson

Johnson & Johnson

JNJ

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** Shares of healthcare conglomerate Johnson & Johnson JNJ.N rise 1.1% to $253.19

** Co says the U.S. FDA has granted a marketing authorization for its Ottava robotic surgical system for soft tissue procedures

** Ottava is used across a broad range of general surgery procedures, including bariatric, gastrointestinal, hernia, and abdominal soft-tissue surgeries

** J&J says it will begin a U.S. commercial launch with select customers

** Up to last close, stock up 21% YTD