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Titan Medical Inc. (TITXF)

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Last Post: 7/30/2014 6:29:04 PM - Followers: 133 - Board type: Free - Posts Today: 24


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. 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
    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’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.

Titan has a medical advisory board composed of world renowned surgeons and has established partnerships with academic institutions and hospitals across the globe including Rochester General Hospital, University of Florida, Children’s Hospital Boston, Apollo Hospital Group (India) and The Ohio State University.

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.

Titan’s Single Port Orifice Robotic Technology (SPORT™) Surgical System, currently under development, comprises a surgeon-controlled single incision platform. The platform includes a 3D vision system and interactive instruments for performing MIS procedures.

The surgeon workstation provides the surgeon with an interface to the robotic platform for controlling the interactive instruments and for providing a 3D endoscopic view inside a patient’s body during MIS procedures.

Single-incision/single-port  platform:

The single incision platform is being developed with the goal of providing interactive instruments and a 3D vision system capable of being inserted into the patient’s body cavity through a single incision.

The design contemplates a collapsible device that, when collapsed, would be capable of being inserted into the patient’s body cavity through a skin incision of approximately 25mm.

Once inserted, the device is configured to deploy into a working configuration whereby the 3D vision system and interactive instruments would be capable of being controlled by a surgeon at the workstation.


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)

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   

#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
#11087   Do you know if he/she will be testing Daktari 07/30/14 06:29:04 PM
#11086   That sounds very legit considering what Dr. Fowler Daktari 07/30/14 06:14:15 PM
#11085   I believe he tested the SPORT before the AnesthesiaTITXF 07/30/14 05:57:38 PM
#11084   How long ago and what type of procedure? chillout 07/30/14 05:47:18 PM
#11083   Can you say how long ago SPORT was Daktari 07/30/14 05:41:40 PM
#11082   Can someone sticky this? Daktari 07/30/14 05:00:28 PM
#11081   I understand. Great news....if true. Daktari 07/30/14 04:56:22 PM
#11080   Guys I am not sure if I am AnesthesiaTITXF 07/30/14 04:45:29 PM
#11079   Can you give his name or location? Daktari 07/30/14 04:39:32 PM
#11078   Please explain...."has tested the SPORT himself" where,when, on whassup 07/30/14 04:31:10 PM
#11077   What hospital? Renaissance18 07/30/14 04:23:31 PM
#11076   Thanks for the info, that's what we like Jjerky1 07/30/14 04:12:25 PM
#11075   Hello Team Titan! I am a long time AnesthesiaTITXF 07/30/14 03:59:16 PM
#11074   Thanks! Lurker05 07/30/14 12:56:15 PM
#11073   From Mr Randall: Noto 07/30/14 11:09:27 AM
#11072   Can someone remind me; what was the date Lurker05 07/30/14 10:44:20 AM
#11071   Good morning. El Guapo Roboto 07/30/14 10:15:10 AM
#11070   Good Morning Team titan! chickenlips 07/30/14 09:04:20 AM
#11069   Hi, I'm new to Investorshub and have been following DomfromCanada 07/30/14 08:20:26 AM
#11068   The diagram looks like it only has 2 Daktari 07/30/14 07:01:43 AM
#11067   Cherios please remove yourself posilock 07/30/14 06:21:42 AM
#11066   That hasnt stopped Obama hehehhehe posilock 07/30/14 06:20:33 AM
#11065   Point said that they might be behind couple itsallgood11 07/30/14 12:58:16 AM
#11064   Nice eye, I like the desk lamp comparison. JMAC13 07/30/14 12:25:57 AM
#11063   In the new patent, check out the very investinthefuture 07/29/14 11:53:21 PM
#11062   Thanks IITF. I wasn't sure if this CUIN2 07/29/14 11:47:56 PM
#11061   CUIN2…the patent literally popped up right at the investinthefuture 07/29/14 11:45:19 PM
#11060   I took myself off as an moderator itsallgood11 07/29/14 11:40:46 PM
#11059   I do not know, but remember a similar CUIN2 07/29/14 11:35:40 PM
#11058   Thank you an idiot named F15- retired was Phaeton 07/29/14 11:34:45 PM
#11057   I am very sorry about that message. Phaeton 07/29/14 11:32:16 PM
#11056   Is there any new tech here or is JMAC13 07/29/14 11:28:39 PM
#11055   Sorry that was not meant for the Titan Phaeton 07/29/14 11:27:52 PM
#11054   Agreed...impressive. Renaissance18 07/29/14 11:27:28 PM
#11053   IITF is like a Blue Tick Hound. CUIN2 07/29/14 11:24:11 PM
#11052   Point, Can you share what makes you believe Titan CUIN2 07/29/14 11:22:01 PM
#11051   we can remove Honeycomb from MOD right??? ORrep8 07/29/14 11:20:50 PM
#11050   Yes takes a few days posilock 07/29/14 11:10:32 PM
#11049   CUIN or Cheerios appropriately dubbed you bloodhound. Renaissance18 07/29/14 11:08:44 PM
#11048   I have applied, but the board tells me investinthefuture 07/29/14 11:08:29 PM
#11047   you can be one now. just apply.. posilock 07/29/14 11:00:00 PM
#11046   Cool, my second sticky post. If I investinthefuture 07/29/14 10:58:01 PM
#11045   I got to say invest... Lurker05 07/29/14 10:31:11 PM
#11044   Great news!! I have stickied your post!!! posilock 07/29/14 10:14:52 PM
#11043   lol.. your on the wrong board buddy! you posilock 07/29/14 10:09:15 PM
#11042   Sounds like that jagoff on the Yahoo board... Geo2014 07/29/14 10:07:15 PM
#11041   Agreed. One too many dirty martinis and Lurker05 07/29/14 09:57:56 PM
#11040   I think he posted on wrong board by mistake. itsallgood11 07/29/14 09:44:13 PM
#11038   Why? Phaeton Tuesday, 07/29/14 08:13:08 PM beefeater 07/29/14 08:20:46 PM
#11037   More Patents More Valuable.....pay day is coming...hope you suckitup 07/29/14 08:02:44 PM