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Related Person Transactions
6 Months Ended
Jun. 30, 2016
Related Party Transactions [Abstract]  
Related Person Transactions

18. Related Person Transactions

Synergy Life Science Partners, L.P. and Synecor, LLC collectively owned approximately 5% and 7% of the Company’s common stock at June 30, 2016 and 2015, respectively. A member of the Company’s Board of Directors is managing partner of Synergy Life Science Partners, L.P. and an executive officer of Synecor, LLC. Various research and development services were purchased by the Company from Synecor LLC and its wholly owned subsidiary Synchrony Labs LLC pursuant to arms’ length terms approved by the Audit Committee and totaled approximately $5,000 and $431,000 for the six months ended June 30, 2016 and 2015, respectively.

On September 18, 2015, TransEnterix Italia entered into a six month service agreement for administrative expenses and rent with SOFAR, a shareholder that owned approximately 14% and 0% of the Company’s common stock at June 30, 2016 and 2015, respectively. Expenses under this agreement were approximately $162,000 and $0 for the six months ended June 30, 2016 and 2015, respectively.