Shares in Titan Medical (NSDQ:TMDI) are down slightly today after the robotic surgical platform maker posted first quarter earnings. The Toronto-based company reported research and development expenses of approximately $14.4 million, up 340.1% from the approximate $3.3 million it reported during the first quarter of 2018. Titan Medical posted net and comprehensive loss of approximately $28.3 […]
Titan Medical freezes design on Sport robotic surgery platform
Titan Medical (NSDQ:TMDI) said today that it has achieved a design freeze for its single-port Sport robotic surgery platform. The Toronto-based company said that the freeze is the culmination of engineering work based on feedback it received through extensive preclinical feasibility studies and an ongoing formative human factors study. Read the whole story on our sister site, […]
Titan Medical, Teleflex ink collab robotic ligation dev deal
Titan Medical (NSDQ:TMDI) said today that it inked a collaborative development deal with Teleflex (NYSE:TFX) to integrate its polymer ligation technology into Titan’s Sport single-port robotic surgical platform. Toronto-based Titan Medical said that Wayne, Penn.-based Teleflex’s polymer ligation system is intended for vessel sealing and includes an enhanced clip security feature that has been previously used in […]
Titan Medical closes $25m offering
Robotic surgical platform developer Titan Medical (NSDQ:TMDI) said today it closed a $25 million public offering. The Toronto-based company said that it floated approximately 7.4 million units in the offering at a price of $3.40 per unit. Each unit offered was comprised of a single common share of the company and a warrant for an additional common […]
Titan Medical prices offering of up to $25m
Titan Medical (TSX:TMD;OTC:TITFX) said today that it filed an overnight prospectus for a stock offering worth up to $25 million. The Toronto-based surgical robotics developer said the flotation aims to raise between $20 million and $25 million from the sale of units consisting of a stock share and a warrant, plus a 30-day over-allotment option of […]
Titan Medical hopeful for Q4 FDA IDE trial launch for Sport robotic platform
Robotic surgical platform developer Titan Medical (NSDQ:TMDI) said late yesterday that it is hoping to launch an FDA investigational device exemption trial of its Sport robotic surgery platform by the fourth quarter of this year. The news came as part of the Toronto-based company’s 2018 earnings report, with the robotic surgical company saying that it is hopeful […]
Titan Medical completes initial Sport single-port robotic surgical system build
Titan Medical (NSDQ:TMDI) said last week that it completed an initial build of its Sport single-port robotic surgery system, paving the way for future development of the platform. The Toronto-based company said that it completed a system engineering confidence build for all the components in the robotic platform, including a new camera system and design enhancements […]
Titan Medical touts updated prototypes, continued testing of Sport robotic platform
Titan Medical (TSX:TMD;OTC:TITFX) this week updated on developments with its Sport robotic single-port surgical platform, touting improved workstation control prototypes and continued testing. The Toronto-based company said that during the second quarter, it has created new prototypes of improved workstation controls, continued testing of prototypes, completed software and hardware change requirements and finalized the computer and […]
Titan Medical shareholders approve 30-1 reverse split
Titan Medical (TSX:TMD;OTC:TITFX) shareholders this week approved a reverse stock split that could see the company exchange a single share for as many as 30. The robot-assisted surgery company, which lists its shares on the OTC exchange in the U.S. and on the Toronto Stock Exchange, said earlier this month that the reverse split is slated […]
Titan Medical surges on NASDAQ listing bid, 30-1 reverse split
Titan Medical (TSX:TMD;OTC:TITFX) said it applied for a listing on the NASDAQ exchange and revealed plans for a 1-for-30 share split, sending share prices soaring today in New York and Toronto. The robot-assisted surgery company, which lists its shares on the OTC exchange in the U.S. and on the Toronto Stock Exchange, said the reverse split […]
Titan Medical, Mimic Tech collab on Sport surgical simulation modules
Titan Medical (TSX:TMD) said today it inked a collaborative deal with robotic simulation developer Mimic Technologies to develop simulation modules for Titan’s Sport robotic surgical platform. Toronto-based Titan Medical said that surgical simulations using its Sport surgical system have been successfully demonstrated, which it claims is the first step towards developing a “comprehensive surgeon training curriculum” […]
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