Canadian device maker Titan Medical (CVE:TMD) is looking for some "strategic alternatives" to business as usual, retaining the services of financial advisory firm Raymond James to scout the market.
Titan makes a robotic surgical system called SPORT (Single Port Orifice Robotic Technology), a surgeon-controlled surgical robot with a 3D visualization system.
A company announcement didn’t make any promises about the potential transaction, but said the device company is shopping for "strategic relationships, combinations and transactions."
In June, Titan filed a patent request with the U.S. Patent & Trademark Office for its articulating robot products. The company has 11 patents filed and 7 awarded in the U.S., according to a statement.
