Titan Medical (CVE:TMD) said today its shareholders approved a reverse stock split. The ratio of shares has yet to be announced, according to a press release, and will be determined by the board of directors of the company in its sole discretion. Toronto-based Titan Medical added that the range of post-consolidation shares will be a single […]
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Titan Medical CEO wants to up the game in robotic surgery: Here’s how
Titan Medical – the young, upstart Canadian robotic surgery company – is making a comeback this year. Just today, the company announced the completion of initial formative human factors studies for its Sport single port robotic surgical system. The Sport system boasts the ability for a variety of surgical instruments on snake-like arms to be deployed […]
Titan Medical spikes talks with Chinese distributor
Titan Medical (CVE:TMD) said today that it’s spiking talks with Chinese distributor Longtai Medical over its Sport robot-assisted surgery platform so it can focus on winning regulatory approvals in the U.S. and Europe. Back in October 2015, Toronto-based Titan inked a private placement deal with Longtai, a subsidiary of Chinese medical device distributor Ningbo Long Hengtai International Trade […]
Acelity taps Eckert to succeed Woody as CEO| Personnel Moves | April 5, 2017
Acelity said today it tapped R. Eckert as its new prez & CEO, succeeding Joseph Woody who is stepping away from Acelity following the company’s divestiture of its LifeCell division earlier this year. Eckert previously served as CEO of health information tech company TriZetto Corp, and has led 5 other companies including CRC Health Group, Eclipsys […]
Titan Medical closes $6m offering
Titan Medical (CVE:TMD) said today it closed a $5.6 million offering, with funds slated to support the continued development of its robotic Sport surgical platform. The Toronto-based company floated approximately 21.5 million units at 26¢ (CAD 35¢) per unit. Each unit in the offering consists of 1 share of the company and 2 half-shares of purchase warrants, 1 due […]
Titan Medical files for $6m offering
Titan Medical (CVE:TMD) said last Friday it filed a shelf prospectus for its upcoming offering, looking to raise a maximum of $5.6 million to support its Sport robotic surgical system. Titan Medical said it will look to float between 15.3 million and 21.5 million units in the sale, with hoped for proceeds of between between $4 […]
Titan Medical prices $6m offering
Titan Medical (CVE:TMD) today priced an upcoming overnight equity offering, looking to raise $5.6 million. The Toronto-based robotic device developer is looking to offer units at 26¢ (CAD 35¢) per unit. Each unit in the offering will consist of 1 share of the company and 2 half-shares of purchase warrants, 1 due 2019 and 1 due […]
Teva Pharma CEO Vigodman steps down | Personnel Moves | February 7, 2017
Teva Pharmaceuticals (NYSE:TEVA) said this week that CEO Erez Vigodman has stepped down from their position at the head of the world’s biggest generic drugmaker. Vigodman’s exit from the company will take effect immediately, with board chair Yitzhak Peterburg taking on the interim role of chief exec. Israel-based Teva has seen shares plummet after a series of […]
11 surgical robotics companies you need to know
Robotic surgery is taking off, and the field is becoming increasingly diverse. We’ve collected information on the biggest surgical robot players in the field so far. Intuitive Surgical’s da Vinci robot remains the premier surgical robotics company, with other companies including Stryker and Zimmer-Biomet only getting into the field in recent years. Read on to find […]
Titan Medical names ex-Domain Surgical chief McNally as CEO
Fresh from the sale last August of Domain Surgical to OmniGuide Surgical, former Domain CEO David McNally landed the top spot at Titan Medical (CVE:TMD), that company said today. McNally, who also founded and led Zevex International to a 2007 acquisition by Moog Inc., succeeded interim chief John Barker effective Jan. 1. Barker, who was named to replace John Hargrove last October […]
Titan Medical adds $900k to $8m overnight offering
Titan Medical (TSE:TMD) said today that it brought in another $909,000 after the underwriters of an overnight offering picked up their over-allotment option. Toronto-based Titan said it sold some 2 million shares at about 44.8¢ (C60¢) apiece, adding $909,000 (C$1.2 million) to the $7.7 million (C$10.25 million) it raised in the initial offering last month. Titan had hoped […]