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Titan Medical Inc. (TITXF)

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Last Post: 4/16/2014 12:02:09 AM - Followers: 95 - Board type: Free - Posts Today: 1

                    
http://www.titanmedicalinc.com/

Titan Medical Inc. is a Canadian public company, headquartered in Toronto, Ontario, and listed on the Toronto Venture Exchange (TMD) and 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.

Benefits:

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.

Intellectual Property:

The Company currently has 7 granted patents and 12 patent applications filed in the U.S. or under the Patent Cooperation Treaty.  FULLY FUNDED to take SPORT through the commercialization process.

 

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Wiki
TITXF News: Titan Medical Inc. Appoints Dr. Bruce Wolff to the Board of Directors 03/11/2014 04:03:00 PM
TITXF News: Titan Medical Inc. Announces Results for Fiscal Year Ended December 31, 2013 03/06/2014 05:53:46 PM
TITXF News: Titan Medical Inc. Retains Brooks Communications as Investor Relations Consultant 01/03/2014 04:29:59 PM
PostSubject
#5393  Sticky Note AMAZING NEW ARTICLE ON SPORT - SOMEONE NEEDS investinthefuture 04/14/14 07:07:29 PM
#3215  Sticky Note I would HIGHLY ENCOURAGE all investors of Titan Honeycomb777 02/14/14 06:36:59 PM
#2592  Sticky Note All about warrants pfeiffer501ewl 02/03/14 06:12:38 PM
#376  Sticky Note look at the company web page and see buccaneer1961 11/16/13 12:35:49 AM
#5473   It would be nice to hear the "post-approval Geo2014 04/16/14 12:02:09 AM
#5472   Damn you guys are good! lol Geo2014 04/15/14 11:56:21 PM
#5471   His daughter is vested in Titan. She Noemotionseller 04/15/14 11:31:19 PM
#5470   I don't think so. Reiza Rayman owns CUIN2 04/15/14 11:10:28 PM
#5469   Agreed! Now going back to a quick Geo2014 04/15/14 11:07:31 PM
#5468   Or me, I stayed at a Holiday Inn CUIN2 04/15/14 10:44:22 PM
#5467   Is it me?????? Probably because I'm not a posilock 04/15/14 10:40:59 PM
#5466   1 question that NEEDS to be asked at Honeycomb777 04/15/14 10:33:31 PM
#5465   With potential and history of a similar company Noemotionseller 04/15/14 10:26:20 PM
#5464   Good stuff - it really doesn't have to Honeycomb777 04/15/14 10:22:12 PM
#5463   Honey - I was going to write something CUIN2 04/15/14 10:14:34 PM
#5462   Flenderson - I believe you are incorrect in CUIN2 04/15/14 10:11:07 PM
#5461   What I think Will happen versus what I Honeycomb777 04/15/14 10:04:36 PM
#5460   The acquiring company's stock typically falls at the Geo2014 04/15/14 07:22:40 PM
#5459   Would be intent for all - which we Honeycomb777 04/15/14 07:10:01 PM
#5458   Stock price behavior after an acquisition... http://www.cnbc.com/id/43310394 Geo2014 04/15/14 07:09:59 PM
#5457   If someone does make an offer for acquisition, JMAC13 04/15/14 07:05:08 PM
#5456   Your brokerage house will compute the cost basis Geo2014 04/15/14 07:04:55 PM
#5455   Remember, as stockholders, we will get a say Geo2014 04/15/14 07:00:23 PM
#5454   No, it all depends on the terms of Geo2014 04/15/14 06:57:49 PM
#5453   Are you referring to a partnership or a MX77 04/15/14 06:38:12 PM
#5452   JnJ is a much safer bet too. Geo2014 04/15/14 06:34:22 PM
#5451   I could see that! JnJ would be Geo2014 04/15/14 06:31:46 PM
#5450   That is my pick as to whom acquires Honeycomb777 04/15/14 06:10:29 PM
#5449   Lets hope he's not too patient... He's Geo2014 04/15/14 05:52:17 PM
#5448   The bottom line is will physicians buy this devicerep888 04/15/14 05:17:57 PM
#5447   Not a fan of seeing red. Although, still Flenderson 04/15/14 05:07:28 PM
#5446   You are EXACTLY correct. We are fortunate CUIN2 04/15/14 04:51:03 PM
#5445   I concur! Geo2014 04/15/14 04:47:59 PM
#5444   One thing that makes me very comfortable about chickenlips 04/15/14 04:43:16 PM
#5443   This is more than a penny stock with CUIN2 04/15/14 04:24:53 PM
#5442   I did 6 months ago. Renaissance18 04/15/14 04:10:51 PM
#5441   I hit Hargrove up for an invite on Barefootin 04/15/14 04:04:11 PM
#5440   I feel bad for them too! They Geo2014 04/15/14 03:56:21 PM
#5439   Yeah, almost like he was cherry picked for CUIN2 04/15/14 03:52:30 PM
#5438   Geo2014 - Lol, yeah laying low for a CUIN2 04/15/14 03:50:17 PM
#5437   Right on the money! That's why Geo2014 04/15/14 03:48:06 PM
#5436   ok wasn't aware of that. guess that explains it chickenlips 04/15/14 03:47:10 PM
#5435   I'm on connected with Hargrove on Linkedin. devicerep888 04/15/14 03:46:38 PM
#5434   CUIN2 - I read the post LTG wrote Geo2014 04/15/14 03:44:44 PM
#5433   He worked at both places for most of CUIN2 04/15/14 03:43:14 PM
#5432   Who has linked up with Hargrove on LinkedIn? chickenlips 04/15/14 03:39:00 PM
#5431   can someone take us through the process of Robs911 04/15/14 03:31:23 PM
#5430   wouldn't take much to have this go Green today. chickenlips 04/15/14 03:14:20 PM
#5429   I guess he would be too embarrassed to chickenlips 04/15/14 02:59:49 PM
#5428   Where is McFox/LTG? Haven't heard from him lately... CUIN2 04/15/14 02:52:10 PM
#5427   Was thinking the same thing this morning! Geo2014 04/15/14 02:41:57 PM
#5426   you got it. the investors take the loss. chickenlips 04/15/14 02:38:56 PM
#5425   Pressure cooker CUIN2 04/15/14 01:56:32 PM
#5424   running on no sales? glg20 04/15/14 01:45:47 PM
PostSubject