Cardiorobotics Inc. is branching out.
The Middletown, R.I.-based robotic surgical tool maker took out a lease for lab space in Raynham, Mass., according to the Providence Business News website.
That might be cause for some consternation in the Ocean State, where Cardiorobotics has landed a total of $750,000 from the Slater Technology Fund, the state’s venture capital agency.
But president and CEO Samuel Straface told PBN that the company inked the Raynham lease because the 14,500-square-foot facility there, which is in the same complex occupied by Johnson & Johnson (NYSE:JNJ) subsidiaries DePuy Mitek Inc. and Codman & Shurtleff Inc., is a turnkey lab operation.