Titan Medical (NSDQ:TMDI) said today that it expects to file for 510(k) clearance in the U.S. and CE Mark clearance in the E.U. by the end of 2019 for its Sport robotic surgical system. The company added that based on the timing of the approvals, Titan plans to begin commercializing its single-port robotic system in […]
Titan Medical touts hitting all milestones in 2017 financial results
Titan Medical (TSX:TMD) late yesterday released its full year 2017 financial results, touting that it met all its milestones during the year and that its Sport system was used in the first single-port procedures. The Toronto-based company reported research and development expenses of $12.9 million for the year, down from $22.6 million the company spent the […]
Titan Medical pushes FDA submission back to 2019, looks to US stock market cross listing
Titan Medical (TSX:TMD) leadership today spoke on the future of the company and its Sport single-port robotic surgery platform, saying it expects to begin submission of clinical data in pursuit of FDA approval by 2019, up from a previously expected submission in late 2018, and that it is exploring eligibility for a cross listing on a […]
Titan Medical installs 3rd, final Sport system for validation & feasibility trials
Titan Medical (TSX:TMD) said today it installed a Sport robotic surgical system at the Institut Hospitalo-Universitaire de Strasbourg, marking the 1st installation of the system in Europe and the final planned installation for the company’s feasibility and validation studies. The Toronto-based company said it expects studies to begin at the facility in the fourth quarter of 2017 […]
Titan Medical closes upsized $18m round
Titan Medical (TSX:TMD) said today that it closed a funding round that brought in nearly $4 million more than it was originally expecting, grossing more than $18 million for the Sport robot-assisted surgery device it’s developing. Last month the Toronto-based company upsizedthe previously announced offering to between $14.1 million and $18 million ((C$18 million to C$23 million), up from […]
Titan Medical increases offering to $18m
Titan Medical (TSX:TMD) said today it has increased the size of its previously announced offering to between $14.1 million (CDN $18 million) and $18 million (CDN $23 million), up from between $10.2 million (CDN $13 million) and $11.7 million (CDN $15 million). The Toronto-based company said it is looking to offer units at approximately 39¢ (CDN […]
Titan Medical touts 1st Sport use in feasibility, validation study
Titan Medical (TSX:TMD) today touted the 1st use of its Sport robotic surgical platform in a preclinical feasibility and validation trial at Columbia University Medical Center’s surgical simulation center in New York. The Toronto-based company said the device had completed “critical surgical tasks integral to successful performance in gynecologic procedures” using the prototype Sport system. The demonstration […]
Titan Medical prices $12m offering
Titan Medical (TSX:TMD) today priced a previously announced offering of units, looking to raise between $10.2 million (CDN $13 million) and $11.7 million (CDN $15 million) by floating units at 39¢ (CDN 50¢) each. Each unit in the offering is comprised of one common share of the company and the purchase warrant for an additional common […]
Titan Medical touts milestone achievements in 3rd quarter earnings release
Titan Medical (TSX:TMD) late last week reported its third quarter financial results, touting the installation of its 1st advanced Sport prototypes and the the company met all its published milestones for the fiscal quarter. The Toronto-based medical robotics company said it already has two facilities using its Sport platform for preclinical feasibility and validation studies and […]
Titan Medical adds to $3m private placement, plus $7m from warrants exercise
Titan Medical (TSX:TMD) said today it added an approximate $300,000 to a private placement round that closed earlier this month alongside raising $6.5 million (CDN $8.4 million) from exercising share purchase warrants. The Toronto-based robotic surgical platform developer said that it raised a total of $2.6 million (CDN $3.3 million) through the placement of 13.4 million […]
Titan Medical raises $2m in private placement
Titan Medical (TSX:TMD) said today it raised $2.3 million (CDN $2.9 million) in a private placement round looking to support continued development of its Sport robotic surgical system. In the offering, the Toronto-based company said it floated 11.5 million common shares at 20¢ (CDN 25¢) per share to a group including more than a dozen robotic surgeons […]
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