Titan Medical (Nasdaq: TMDI; TSX: TMD) expects manufactured units of the Enos robotic-assisted surgery system will be available later this year. The goal is to commercially launch Enos in early 2025 after securing a De Novo market authorization from the FDA, the Toronto-based robotic surgery company said during its second-quarter earnings report today. Titan Medical […]
Titan Medical Inc.
The biggest medtech personnel moves so far in 2022
In the ever-changing world of medtech, those who are leading the companies are bound to move around a bit. At the end of last year, we compiled a list of medtech’s biggest personnel changes in 2021. So far in 2022, we’ve already seen a slew of major moves involving some of the space’s most powerful […]
Titan Medical names Cary G. Vance as new president, CEO
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. […]
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 […]