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Titan Medical Inc. (TITXF)

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Last Post: 9/19/2014 3:26:11 PM - Followers: 145 - Board type: Free - Posts Today: 26

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   

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
t
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)



                                           
 
 

PostSubject
#13052  Sticky Note Another new patent application: investinthefuture 09/05/14 04:31:45 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
#13596   He is very clear. I like this guy. gt70 09/19/14 03:51:00 PM
#13595   Another note here, most do not even understand Ryan071236 09/19/14 03:26:11 PM
#13594   Ignore me Left Handy....simple stuff. CUIN2 09/19/14 02:46:49 PM
#13593   Logic is the one thing that is absent CUIN2 09/19/14 02:42:12 PM
#13592   Hey Belize - why wouldn't an ISRG (who Honeycomb777 09/19/14 02:30:20 PM
#13591   May be the only thing you ever learned Golf Pro 09/19/14 02:26:26 PM
#13590   So, regarding #4 - you feel that ISRG Honeycomb777 09/19/14 02:21:44 PM
#13589   One thing I have learned in my professional CUIN2 09/19/14 01:51:18 PM
#13588   We'll see soon enough. Obviously, you haven't CUIN2 09/19/14 01:21:59 PM
#13587   Well done ,,,, and very well stated Golf Pro 09/19/14 12:45:41 PM
#13586   Nice post. Thank you. Daktari 09/19/14 12:35:15 PM
#13585   Great input / Great post! Geo2014 09/19/14 12:34:25 PM
#13584   I should have added IMHO. CUIN2 09/19/14 11:55:27 AM
#13583   Good post and I agree with everything except CUIN2 09/19/14 11:52:13 AM
#13582   I don't post often but this board needs BelizeMe 09/19/14 11:35:31 AM
#13581   Thank you for the clarification and I agree Adrock 09/19/14 11:07:44 AM
#13580   Look at Figure 19 of the Patent Application. Bristol19 09/19/14 11:01:45 AM
#13579   Great info, thanks for digging this up, that Adrock 09/19/14 10:33:31 AM
#13578   Looks like large Bids and Asks to start Railrazor63 09/19/14 09:40:27 AM
#13577   If there really is news next week, couldn't abun 09/19/14 09:38:28 AM
#13576   That does NOT look like a mechanical assembly Bristol19 09/19/14 09:32:40 AM
#13575   Yes - yes it is...those 2 know something Honeycomb777 09/19/14 09:10:33 AM
#13574   All I see is a sign language video. BIGKAHUNA57 09/19/14 09:00:29 AM
#13573   LMAO @Lurker05 ... LOLOLOLOL .... thank you for diamond482 09/19/14 03:34:59 AM
#13572   Well I guess I gotta admit you guys drrc1949 09/19/14 02:21:01 AM
#13571   IITF definitely knows how to dig in... and Geo2014 09/19/14 01:20:49 AM
#13570   We just like to pass the time and Honeycomb777 09/18/14 11:26:11 PM
#13569   Hey buddy, just cause Amarin got reduced and Lurker05 09/18/14 10:34:45 PM
#13568   There are an amazing variety of dipshits on drrc1949 09/18/14 09:43:21 PM
#13567   THESE 2 FOLKS KNOW THE INSIDE SCOOP ABOUT Honeycomb777 09/18/14 09:15:12 PM
#13566   IITF - Per usual, thank you sir. Renaissance18 09/18/14 09:12:00 PM
#13565   Wrong - IITF is still around. He Honeycomb777 09/18/14 09:08:32 PM
#13562   Good post you Bluetick hound you!!! I CUIN2 09/18/14 06:26:52 PM
#13561   Thanks for solid news Investinthefuture Railrazor63 09/18/14 06:06:20 PM
#13560   Another new patent application: investinthefuture 09/18/14 05:47:24 PM
#13559   I concur and have avoided it for about Geo2014 09/18/14 05:43:03 PM
#13558   THE ANIMALS ARE GETTING RESTLESS LOLOLOL suckitup 09/18/14 05:18:37 PM
#13557   This board is unfortunately worthless now, especially with Akrez 09/18/14 05:10:10 PM
#13556   haqha glg20 09/18/14 03:39:17 PM
#13555   No, BUT there are 2 tight-lipped seminars, whereby Honeycomb777 09/18/14 03:16:40 PM
#13554   Any surgical conferences coming up in the near whassup 09/18/14 03:14:01 PM
#13553   Me too...he said more like fall when pressed Daktari 09/18/14 01:29:19 PM
#13552   Ah, ok... thanks for the info. Geo2014 09/18/14 01:03:23 PM
#13551   I think they know they are entering a El Guapo Roboto 09/18/14 12:59:08 PM
#13550   Agree... any of those announcements are significant Geo2014 09/18/14 12:57:59 PM
#13549   WHEN did Posilock come up big? Geo2014 09/18/14 12:56:53 PM
#13548   Do u think they're holding back that info? Geo2014 09/18/14 12:49:01 PM
#13547   Wow, that is so enlightening - thank you! Geo2014 09/18/14 12:46:13 PM
#13546   I was told design freeze was planned by El Guapo Roboto 09/18/14 12:31:37 PM
#13545   Amen to that... Lurker05 09/18/14 11:51:47 AM
PostSubject