Titan Medical (TSX:TMD) said today it inked a deal to add Columbia University Medical Center to the feasibility and validation studies of its robotic Sport surgical system. The Toronto-based company said it expects the study to commence at Columbia by the 4th quarter of 2017 and into 2018. “Single port robotic surgery has tremendous potential to be […]
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Titan Medical installs first SPORT Surgical System in feasibility, validation studies
Titan Medical announced the installation of its SPORT Surgical System, a single-port robotic surgical system, at the Florida Hospital Nicholson Center training facility. It’s the first installation for the company’s pre-clinical feasibility and validation studies on the device. “We are thrilled to announce the first of three installations planned in U.S. and European Centers of […]
Titan Medical closes $2m deal with Chinese investor
Titan Medical (TSX:TMD) said today that it closed a deal with Longtai Medical to convert a $2.0 million distributorship deposit to equity. The move makes Longtai the robotic surgical company’s largest shareholder. In May of 2015, Titan Medical and Longtai, a subsidiary of Chinese medical device distributor Ningbo Long Hengtai International Trade Co., inked a deal to […]
Titan Medical adds French hospital site to future Sport feasibility & validation study
Titan Medical (TSX:TMD) said today it inked a deal with the French Institut Hospitalo-Universitaire de Strasbourg to participate in feasibility and validation studies of its Sport robotic surgical system as the company seeks regulatory clearance for the platform. Toronto-based Titan Medical said it expects to initiate studies of its Sport system in the 4th quarter of this […]
Titan Medical shares dip on Q2 earnings release
Shares in surgical robotic platform developer Titan Medical (TSX:TMD) fell today after the company released its 2nd quarter earnings results, despite posting lowered research & development costs and more cash on hand. The Toronto-based company said it spent $2.7 million on R&D, down from $7.7 million in the same period the previous year. Net and comprehensive […]
Titan Medical makes Longtai largest shareholder in $2m distributorship conversion
Titan Medical (TSX:TMD) said today that it inked a deal with Longtai Medical to convert $2 million Longtai paid as a distributorship deposit to equity, making Longtai the robotic surgical company’s largest shareholder. The conversion comes 2 years after Titan Medical and Longtai negotiated a deal that would have made Longtai the company’s exclusive distributor of its […]
Titan Medical closes $7m offering
Titan Medical (TSX:TMD) said today that it closed a stock offering worth about $7 million for the Sport robot-assisted surgery platform it’s developing. The round consisted of two tranches, according to Toronto-based Titan: an initial round worth $5.7 million (C$7.3 million) and a subsequent $1.3 million (C$1.7 million) tranche, for gross proceeds of roughly $7.1 million […]
Titan Medical adds $1m to offering
Titan Medical (TSX:TMD) today announced the 2nd closing of a public offering of shares, bringing in an additional $1.3 million (CDN $1.7 million) on top of a previously raised $5.7 million (CDN $7.3 million) for a total of $7.1 million (CDN $8.9 million). The Toronto-based surgical robotics company said it sold an additional 11.1 million shares […]
Titan Medical finds partner for Sport robotic platform feasibility, validation studies
Titan Medical (TSX:TMD) said today it inked a collaborative deal with Florida Hospital Nicholson Center to engage in a feasibility and validation study of Titan’s Sport robotic surgical system as the company seeks regulatory approval for the platform. The Toronto-based robotic surgical system developer said it expects to commence the studies in the 4th quarter, with […]
Titan Medical closes $6m offering
Titan Medical (TSX:TMD) said today that it raised nearly $6 million in a public offering, with company insiders putting up another $166,000. Toronto-based Titan, which is developing the Sport robot-assisted surgery platform, had said it might float up to 100 million shares, which would have fetched $11.5 million. In the event the company floated nearly 48.4 million shares […]
Titan Medical looks to raise up to $12m for Sport surgical robotics platform
Titan Medical (TSX:TMD) said today that it plans to float as many as 100 million shares in a public offering that could fetch as much as $11.5 million for the Sport robot-assisted surgery platform it’s developing. The Toronto-based company said it will offer at least 46.7 million shares at 11.5¢ (C15.0¢) apiece, for minimum gross proceeds of […]