Titan Medical (TSX:TMD) said this week that it’s again extending negotiations with a Chinese distributor, after a prior, 3-month add-on expired August 19. The Toronto-based robot-assisted surgery company is in talks with Longtai Medical over the exclusive rights to its Sport platform in the Asia-Pacific region. In May, Titan inked a 3-month extension on negotiations with distributor […]
Shanghai Jugu Equity Investment Fund
Titan Medical raises $16m from Chinese private equity firm
Titan Medical (CVE:TMD) said today that it raised $16 million in a private placement with Chinese private equity player Shanghai Jugu Equity Investment Fund. Shanghai Jugu paid about 56.9¢ apiece (C74.6¢) for some 27.9 million TMD shares, the Toronto-based robot-assisted surgery company said. The cash is earmarked for the Sport surgical platform Titan is developing. The company said the placement consists […]