By Meera Venu

Hansen Medical HNSN reported Friday that it settled a lawsuit with Luna Innovations LUNA regarding a contract breach and trade secrets.

According to the terms of the agreement, Luna will pay Hansen $5 million in a promissory note over four years and issue shares equal to 10% of its shares. Hansen, along with fellow robotic device firm Intuitive Surgical ISRG , will gain access to Luna's fiber-optic shape sensing and localization technology, which could improve the navigational capabilities of the Sensei platform.

To read the totality of this news article from The Toronto Star, click here.