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Titan Medical Inc. (TITXF)

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Last Post: 4/24/2014 7:35:26 PM - Followers: 106 - Board type: Free - Posts Today: 60


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.


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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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
#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
#6033   Moreover think about Apple. We can name a CUIN2 04/24/14 07:35:26 PM
#6032   I absolutely concur, whether we choose Wildbilly 04/24/14 06:35:02 PM
#6031   Sure maybe a 50B valuation is crazy to Noemotionseller 04/24/14 06:28:20 PM
#6030   With all do respect it does not matter chickenlips 04/24/14 06:06:49 PM
#6029   Exactly! We need to think in terms Geo2014 04/24/14 05:49:09 PM
#6028   No ill will and we each have our CUIN2 04/24/14 05:49:00 PM
#6027   Ive been thinking about the buyout possibilities more Geo2014 04/24/14 05:45:38 PM
#6026   I cannot see that happening. Yes the Geo2014 04/24/14 05:39:28 PM
#6025   My belief is similar and it is not CUIN2 04/24/14 05:35:37 PM
#6024   As excited as I am about Titan, $500 Geo2014 04/24/14 05:32:50 PM
#6023   Regardless of whether he's a day trader or Geo2014 04/24/14 05:31:34 PM
#6022   I love the if's, but that gets a glg20 04/24/14 05:07:55 PM
#6021   A $500 share price would mean a $50B investinthefuture 04/24/14 05:03:40 PM
#6020   I would be super happy with $500. cptjsd 04/24/14 05:01:32 PM
#6019   Weak, we need 500$. Old_Sport 04/24/14 04:32:05 PM
#6018   Agreed. As we get closer to approval cptjsd 04/24/14 04:23:47 PM
#6017   Share price should rise as we get closer Larryinvest 04/24/14 04:17:40 PM
#6016   He is. He did have a couple cptjsd 04/24/14 04:15:57 PM
#6015   True story of a Titan Long: investinthefuture 04/24/14 04:11:35 PM
#6014   Amen Geo, competition is fun Wildbilly 04/24/14 03:10:56 PM
#6013   ...with that said, that PoopMonster guy on the Geo2014 04/24/14 03:03:42 PM
#6012   Im in agreement w/ Wildbilly... This "my company Geo2014 04/24/14 03:02:28 PM
#6011   some really small sell lots. def more buys. glg20 04/24/14 03:00:16 PM
#6010   The regulations are all different by jurisdiction (states, saveferris 04/24/14 02:35:49 PM
#6009   Excellent point. Plus all of the Universities cptjsd 04/24/14 02:34:01 PM
#6008   I reported the TOU on the Titan pr Wildbilly 04/24/14 02:28:13 PM
#6007   It might be 12 employees, but what no jmorell80 04/24/14 02:26:20 PM
#6006   I am sure you might be correct about jmorell80 04/24/14 02:25:30 PM
#6005   DSGVB, yes I am very glad!! hahaah jmorell80 04/24/14 02:22:59 PM
#6004   Are we seriously talking about TRXC again?? Did Flenderson 04/24/14 12:56:13 PM
#6003   ATDF, market maker, is the seller. IMO lvhd 04/24/14 12:40:20 PM
#6002   Level 2 lvhd 04/24/14 12:35:17 PM
#6001   Where did you get this information? CUIN2 04/24/14 12:34:42 PM
#6000   ATDF moved to $10. lvhd 04/24/14 12:21:30 PM
#5999   It's enhanced lap, no matter how you position CUIN2 04/24/14 12:19:25 PM
#5998   Console robotics is also about ergonomics and remote saveferris 04/24/14 12:17:58 PM
#5997   Hey jmorell80, hope you are doing well and DSGVB 04/24/14 11:38:55 AM
#5996   It's really not robotics. It's advanced lap. El Guapo Roboto 04/24/14 11:33:40 AM
#5995   Any company, and most do, put Dr's on DSGVB 04/24/14 11:32:44 AM
#5994   Only thing I will disagree with here is jmorell80 04/24/14 11:29:01 AM
#5993   Not at all. pointofreturn 04/24/14 11:16:36 AM
#5992   Thank you. When is the last time gt70 04/24/14 11:11:23 AM
#5990   its all about the surgibot, not the old longtermgems 04/24/14 10:42:06 AM
#5989   Hey guys new to this board. been Longmoney 04/24/14 10:39:04 AM
#5988   LTG, I'm sorry that you choosed the wrong Frank574 04/24/14 10:36:16 AM
#5987   Same on scottrade El Guapo Roboto 04/24/14 10:28:45 AM
#5986   We agree on ISRG. But if Spider did so El Guapo Roboto 04/24/14 10:27:03 AM
#5985   I don't know if this is true for JiminyCricket 04/24/14 10:25:30 AM
#5984   Atta boy ole posilock! bobwehadababy 04/24/14 10:22:47 AM
#5983   Lol.. look what crawled from under a rock posilock 04/24/14 10:17:18 AM