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Titan Medical Inc. (TITXF)

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Last Post: 8/23/2014 8:58:13 AM - Followers: 136 - Board type: Free - Posts Today: 2

Titan Medical Inc. is a Canadian public company, headquartered in Toronto, Ontario, and listed on the Toronto Venture Exchange (TMD) & the OTCQX in the U.S. (TITXF). Titan is developing  the SPORT™ (Single Port Orifice Robotic Technology) Surgical System for use in minimally invasive surgery (“MIS”) that is expected to be commercially available in 2015. Titan’s robotic surgical system is being designed to expand robotic surgery into areas that are currently underserviced. This will allow surgeons to perform procedures within small to medium size surgical spaces such as general surgery and cholecystectomy. Currently, the most common medical procedures for which robotic systems are used are hysterectomies and prostatectomies. Titan plans to target general surgery (gall bladder and appendix removal) and ear, nose and throat procedures.

The SPORT™ Surgical System includes the following:

  •  - a single-port surgeon controlled robotic platform that includes a 3D vision system and interactive instruments for performing MIS procedures, and
    - a surgeon workstation that provides the surgeon with an interface to the robotic platform for controlling the interactive instruments and providing a 3D endoscopic view of inside a patient’s body during MIS procedures.

Titan has completed the first phase in the development of the SPORT™ Surgical System and is starting the second phase which consists of tissue and cadaver testing. Following the second phase, there are two further phases of testing – the third phase which requires the building of a pre-production prototype and the fourth phase which consists of preparing the surgical system for commercialization. Commercialization is currently scheduled for the second half of 2015.

Global annual medical robotic revenues are currently approximately $4 billion and are expected to grow by 12% annually to $18 billion in 2018. Titan is planning to first commercialize the SPORT™ Surgical System in Europe followed by the United States, the world’s two largest markets for robotic surgery.

Intellectual Property:

TITAN currently has numerous granted patents and 12 patent apps filed in the USA or under the Patent Cooperation Treaty. FULLY FUNDED to take SPORT through commercialization. 101 million O/S   


The robotic surgical system is being developed with the objective of delivering multiple benefits to patients, surgeons and hospitals. They include the following:

For the Patient

A shorter hospital stay

Reduced pain, scarring and risk of infection

Less blood loss
Quicker recovery

For the Surgeon

Enhanced functionality, dexterity, versatility, field of vision via 3D technology and precision.

Improved ergonomics which potentially extend surgeons’ operating careers.

For the Hospital

Decreased length of patient stay and reduced risk of infection improves patient throughput leading to improved return on assets.

Reduced risk of infection also contributes to improved margins on case rate procedures.

Increased patient satisfaction, which contributes to patient referrals and patient demand.

Increased physician satisfaction, which impacts physician demand for hospital usage in both robotic and non-robotic cases.

Lower cost / highly portable device (easily moved)


Recent Stock Performance (TITXF)


#12095  Sticky Note Something new (and factual) for you all to investinthefuture 08/19/14 11:59:50 PM
#11034  Sticky Note A new patent (as of 29 July 2014): investinthefuture 07/29/14 07:36:18 PM
#376  Sticky Note look at the company web page and see buccaneer1961 11/16/13 12:35:49 AM
#12198   Thanks everybody. Now I understand the importance of Frank574 08/23/14 08:58:13 AM
#12197 Daktari 08/23/14 08:36:41 AM
#12196   15mm Full Metal Jacket! I am adding more cptjsd 08/22/14 06:40:52 PM
#12195   That is something I know little about and Geo2014 08/22/14 04:32:45 PM
#12194   The U.S. Patent and Trademark Office reports that CUIN2 08/22/14 04:22:51 PM
#12193   I'll take a shot at this one Frank. Times Yours 08/22/14 04:12:36 PM
#12192   A little perspective... Last August the PPS was Jabberwocky 08/22/14 04:11:43 PM
#12191   Thanks to GEO and IITF. That brings another Frank574 08/22/14 03:50:59 PM
#12190   ...and the multiple patents help protect Titan from Geo2014 08/22/14 03:39:40 PM
#12189   The patent applications are important because Titan is investinthefuture 08/22/14 02:55:05 PM
#12188   I mis-read what you had said. Thanks Geo2014 08/22/14 02:36:09 PM
#12187   You are correct, my move was highly risky CUIN2 08/22/14 02:30:57 PM
#12186   I wasn't implying that there was a sponsor Phiberglass 08/22/14 01:55:49 PM
#12185   IITF, I'm always glad that you provide information Frank574 08/22/14 01:39:15 PM
#12184   CUIN. Thanks for your point of view. It's Frank574 08/22/14 01:35:32 PM
#12183   I don't see a sponsor listed in the database. Geo2014 08/22/14 12:59:23 PM
#12182   This appears to be an Investigator-initiated efficacy study Geo2014 08/22/14 12:58:08 PM
#12181   I think it's a big deal but it Daktari 08/22/14 12:16:42 PM
#12180   Article: Trends in Healthcare Investments and Exits. Phiberglass 08/22/14 12:03:40 PM
#12179   JMO as to why no discussion, I think CUIN2 08/22/14 12:01:15 PM
#12178   Wow! This is great to see - I Phiberglass 08/22/14 12:01:05 PM
#12177   Whoa, that is a big deal! Why neymarjr 08/22/14 11:50:02 AM
#12176   Not a peep about post 12166 or 12167 huh? investinthefuture 08/22/14 11:43:12 AM
#12175   I'm trying to add a little more today TitanGold20 08/22/14 10:43:31 AM
#12174   month to month and a half flat then glg20 08/22/14 10:42:45 AM
#12173   looking at the chart it looks like this glg20 08/22/14 10:41:47 AM
#12172   It depends on which lens you are viewing CUIN2 08/22/14 10:04:15 AM
#12171   Frank574 - I have always liked Titan, but CUIN2 08/22/14 10:02:42 AM
#12170   CUIN - out of curiosity, did you buy Honeycomb777 08/22/14 09:40:25 AM
#12169   Cuin, I'm glad you bought some back. I'm Frank574 08/22/14 09:00:10 AM
#12168   I know this has been discussed before. Noemotionseller 08/22/14 12:57:23 AM
#12167   And an interesting trial at Mayo.... investinthefuture 08/22/14 12:22:48 AM
#12166   Another new patent application: investinthefuture 08/21/14 11:57:16 PM
#12165   Glad to hear on both fronts... Good luck. CUIN2 08/21/14 08:10:57 PM
#12164   dont be too sure....Bertner was hired to either suckitup 08/21/14 07:51:24 PM
#12163   Smart move. I did the other day. Me posilock 08/21/14 06:37:33 PM
#12162   Also u guys need to check how your itsallgood11 08/21/14 05:17:37 PM
#12161   I know mgmt in the past has been Flenderson 08/21/14 05:00:17 PM
#12160   Added to my position today. CUIN2 08/21/14 04:39:58 PM
#12159   Not going to happen. No need for it.. posilock 08/21/14 04:37:47 PM
#12158   So approximately another 2.5 million shares? I Lurker05 08/21/14 03:27:54 PM
#12157   In connection with the most recent public offering, CUIN2 08/21/14 03:10:46 PM
#12156   Good point CUIN2. Forgot about those. cjrick01 08/21/14 02:56:08 PM
#12155   There are also broker warrants and employee stock CUIN2 08/21/14 02:51:14 PM
#12154   You are mistaken. There are no warrants cjrick01 08/21/14 02:24:23 PM
#12153   warrants expire and have cut offs. Many of glg20 08/21/14 02:18:41 PM
#12152   Right on! DONE! Vindicator11 08/21/14 02:15:15 PM
#12151   Just go ahead and set your alarm for 6/1/2015. Lurker05 08/21/14 12:25:01 PM
#12150   Zzzzzzzzzzzz. This bores me. Wake me up when Akrez 08/21/14 11:47:03 AM
#12149   No you have to realize selling warrants and cjrick01 08/21/14 11:32:26 AM