Titan Medical (TSX:TMD;OTC:TITFX) said yesterday that it inked a share purchase agreement with Aspire Capital worth up to $35 million. In the deal, Aspire Capital committed to purchase Titan stock up to the $35 million mark until Feb. 28, 2022, at Titan’s request. Titan plans to immediately sell Aspire Capital nearly 1.8 million shares at $1.69 […]
Titan Medical delays timeline on Sport robot-assisted surgery device
Titan Medical (TSX:TMD;OTC:TITFX) today pushed back the timeline on its Sport robot-assisted surgery device, saying it now expects to file for 510(k) clearance from the FDA next year, sending its share prices down in New York and Toronto. With a successful human factors evaluation of the single-port device under its belt, the Toronto-based company said […]
Titan Medical on track for FDA, CE Mark bids this year
Titan Medical (TSX:TMD;OTC:TITFX) said today that it’s on track to submit approval bids this year for its Sport robot-assisted surgery device in the U.S. and Europe. The Toronto-based company said it completed all procedures under Good Laboratory Practices guidelines for acute and chronic animal and human cadaver studies, with slated to follow by the end of […]
Ablative Solutions taps medtech vet Rumrill for CEO | Personnel Moves, July 16, 2019
Ablative Solutions tapped 30-year industry veteran Kate Rumrill, the former chief executive at NeoSync, to be its new president & CEO. Rumrill, whose resume includes stints at Covidien, Aspect Medical Systems and Eli Lilly, is slated to keep her seat on NeoSync’s board, San Jose, Calif.-based Ablative Solutions said. The company makes the Peregine renal […]
Titan Medical shares drop slightly on Q1 earnings release
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 […]
MassDevice Network
@MassDevice
LinkedIn
YouTube