Titan Medical (Nasdaq:TMDI) announced that it appointed Cary G. Vance as its new president and CEO. Vance will succeed Titan chair of the board of directors, Paul Cataford, who had served as interim president and CEO since December 2021, when David McNally, who previously held the corner office, resigned. Vance’s appointment was made effective today. […]
Titan Medical Inc.
Nasdaq grants Titan Medical 180-day extension to regain compliance
Titan Medical (Nasdaq:TMDI) announced today that it received an additional 180 days to regain compliance with the Nasdaq market. According to a news release, the Listing Qualifications Staff of The Nasdaq Stock Market notified the company that it received 180 extra calendar days — running through Dec. 26, 2022 — to evidence compliance with the […]
‘Multiple disruptions’ slow timeline for Titan Medical’s Enos robotic surgery platform
Titan Medical (Nasdaq:TMDI) announced today that it updated the FDA submission timeline for its Enos robotic surgery platform. “Multiple disruptions” have resulted in an updated FDA investigational device exemption (IDE) submission timeline for the Enos robotic single access surgery system, with the Toronto-based company now expecting the IDE submission to come in mid-2023, rather than […]
Titan Medical SVP of research and product development departs
Titan Medical (Nasdaq:TMDI) announced today that executive Perry Genova will depart the company effective immediately. Genova, who served as senior VP of research and product development, will leave Titan following what the single access robotic-assisted surgery technology developer described as careful consideration and a review of the company’s future needs. “As we transform from a […]
Titan Medical inks a $2.6M purchase order from Medtronic
Robotic-assisted surgery company Titan Medical (Nasdaq: TMDI; TSX: TMD) is deepening its relationship with Medtronic (NYSE:MDT), securing a $2.6 million purchase order from the medtech giant. The purchase order news comes more than three months after Titan Medical completed a development and licensing agreement with Medtronic that brought in a net $8.3 million, helping the […]
Titan Medical receives final milestone payment from Medtronic
Titan Medical (TSX:TMD;OTC:TITFX) announced today that it received the final milestone payment under an agreement with Medtronic (NYSE:MDT). Toronto-based Titan Medical confirmed the completion of the final milestone under a development and license agreement on Jan. 4. It also announced today that the senior secured loan from Medtronic as part of the agreement has been retired. […]
Titan Medical completes final milestone in Medtronic development agreement
Titan Medical (TSX:TMD;OTC:TITFX) announced today that it completed the final milestone under a development and license agreement with Medtronic (NYSE:MDT). Toronto-based Titan’s fourth and final milestone under the agreement was completed on schedule, meaning the company will receive a payment in exchange for licensing the developed technologies to Medtronic. At the same time, Medtronic will retire […]
12 of medtech’s biggest personnel changes in 2021
As medtech companies continued to drive innovation throughout the past 12 months, a number of high-level executives led the way. Some of those companies and those executives opted for major changes over the course of 2021, though, with some high-profile moves from medtech giant to medtech giant. Here are some of the biggest personnel moves […]
Titan Medical CEO resigns
Titan Medical (NSDQ:TMDI) announced that the company’s President & CEO, David McNally has stepped down from those roles. McNally is no longer the robotic surgery company’s president & CEO and also resigned from Titan’s board of directors, effective Dec. 1, 2021, according to a news release. No reason was provided for his departure. Toronto-based Titan […]
Titan Medical appoints new CFO
Titan Medical (NSDQ:TMDI) announced today that it appointed Stephen Lemieux as its new chief financial officer. Toronto-based Titan, a robotic surgical technology developer, said in a news release that current CFO Monique Delorme will leave the company, effective immediately. Delorme will remain in an advisory capacity through March 2022 to ensure a smooth transition. “We […]
MedTech 100 roundup: On the rise again
Last week provided a glimmer of light for medtech after a rough few weeks as the industry continues to push in the right direction. MassDevice‘s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — finished the week (May 28) at 108.5 points, producing a 0.7% rise from the 107.74-point mark […]
