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There is a major lack of IP surrounding Verbs so called platform. The IP ethicon holds appears to surround disposable distal tips and energy based tips that attach to a very flexible shaft. They aren't going to have a works like looks like prototype at the end of the year to share (as discussed by Pruden And del Prado last month) unless it's coming from somewhere else. Think about it they wouldnt dare show a prototype that doesn't have IP to protect the concept. That would be too risky. So where is the prototype coming from?
According to Gary Pruden verb will reveal a looks like works like prototype at the end of the year.
Thank you for consistently bringing value to this board!
And they scrap Sport and bring back Amadeus right?
Confirmed with AAGL that Titan will have a robot there but not part of the program since they are not FDA approved. The gentleman I spoke with said that there was a lot of excitement about Titan participating for what it's worth.
Not just an exhibit but a presentation according to the PR
"In other recent developments, Titan Medical has been invited to present and exhibit at the World Robotics Gynecology Congress"
Says the guy who has a 2.30 cost avg after 6 years invested. Something doesn't make sense are you a dumper or just have the worst timing in the world? Amassing your position all at once at all time highs. Sounds fishy. Sorry.
Me three. It has gotten old. Too much like the yahoo boards unfortunately.
I believe you are referring to Mako? Mazor is with Medtronic.
Can't agree with you more! Thank you for the rational post.
Many on this board jump to conclusions based solely on pps. Taking for granted that Titan has come a looong way in a very short amount of time (since irep was licensed). It is quite remarkable that they essentially have completed their platform in only 3.5 years. As a comparison medtronic is on their 11th iteration for their platform. Spending way more in development along the way.
Many may think the bitching and whining is productive and that it lights a fire under management at titan. The reality is it only serves to dissuade potential investors and distract current investors.
Do I want to see pps this low? Hell no! But I am taking advantage to lower my basis at every opportunity.
There is a lot to look forward to can we please stop the bitching and get back to providing value to this boards audience?
GLTA.
Titan went public long before the sport platform. The question is how were they so fortunate to license the technology from Columbia.
Nice find taco!!
Well the single most important person in the company doesn't even have a seat on the board. How much sense does that make? He is carrying the company on his back. I do think he has more than earned his seat on the board.
My hunch is Fowler will be named chairman.
Michael del Prado or Joseph Amaral sound like winners to me.
We are not verbs robot never said dude. It was said by the person asking the question which was a shame since it let them off the hook.
"We are not verbs robot "was never said. It was said however by the person asking the question. How do I know this. I just do. I was there.
Whatever. Obviously not ruled out. You will hear for yourself if the video gets posted. their words not mine.
Sessions is very different from discussions. They had a private room for private viewings at sages. How do I know this well I know. Sorry.
Can't rule them out is all I'm saying. They are interested enough and titan was willing to spend multiple sessions with Scott.
Not discussions but "sessions" (plural) with verb specifically Scott (no last name) were hargroves exact words. I pay slightly better attention to the use of phrases and believe words have meaning in how they are said.
Cptjd's recollection is what he thought he heard not what was actually said. I mean no offense by that btw.
What was said was "we don't have any formal conversations or anything definitive at this point." Fowler
"We had an opportunity to participate in a couple of sessions with Scott"
-hargrove
That is what was said.
That wasn't what was said at all. They didn't rule anything out. What was said was that companies are beginning to reach out to them with interest as a strategic partnerships as well as sole source distribution rights although they are in early stage discussions.
Novanta theory is dead however they are making a surgical robot for someone just not titan.
My verb theory? Yes I think verb will involved via ethicon. Not sure why it would be dead. Verb was discussed at the AGM. You certainly can't rule them out.
Truly thought we would move up today. This is surprising. This will be big it's just a matter of time. More confident than ever and the info shared yesterday was overwhelmingly positive imo.
Tooling is ethicon imho. Parent company of huge conglomerate doesn't want it revealed almost 1.5 years after original announcement.
Cadence has an alliance with plexus and was involved in harmony scalpel manufacturing as was plexus.
Plexus also helped JNJ create the Mammotome which was sold by Jnj to another company a couple years ago.
Common theme between cadence and plexus being ethicon.
Ethicon is a part of a huge conglomerate
Ethicon is tool maker
I don't consider hoya the parent co of microline "huge" plus they aren't located in the U.S. Or NA for that matter as is almost every other partner of titan.
Plexus will be building the console and patient cart as well as partnering on its advancement. Tools maker parent company of huge conglomerate doesn't want to be revealed. Cadence making snake arms and chassis.
Cadence
Plexus
?? Ethicon??
Any fellow ihub folks at the airport?
Tools still secret parent company is a large conglomerate.
Titan website down for maintenance.
22 at 130.
Nds surgical imaging division of Novanta formerly GSI group
Question re fda 510k. At what point will the tools/end effectors be submitted. Simultaneously to the platform? Ethicon Hired loads of engineers last year. Is it feasible to make/design tools without a virtually completed platform? Jnj said they will have their platform to show the world by the end of 2016. I guess we will know then if is titan's sport or if it isn't.
its hard to miss :)
found a number of connections between novanta, titan, verb and ximedica on linkedin.
Another Novanta factoid I found
NDS’ customers include world-class hospitals and industry-leading medical technology manufacturers such as GE, Karl Storz, Smith & Nephew, Olympus, Boston Scientific, Johnson & Johnson, Philips Medical, and Medtronic.
Addtl info on Novanta of interest.
Novanta buying back 15 percent of their total outstanding shares approx 5 million.
i foundthis quote interesting from their ceo on their last earnings call: "Our acquisition pipeline looks quite promising. We expect to be able to close multiple deals this year to add to our capabilities and further our growth strategies. So stay tuned certainly for more developments on the acquisition front"
they have since renamed the compnay novanta and closed the Reach technologies deal sounds like a few more deals to come this year. (Maybe cadence?).
link to the transcript: http://seekingalpha.com/article/3972391-gsi-groups-gsig-ceo-robert-buckley-q1-2016-results-earnings-call-transcript?page=9
So this monster deal was kept secret? What say you skeptics?
I'm wondering novanta is an acquisition target for verb and or ethicon as well.
Yes as much as I hate to admit you inspired me to look at these CMOs. It took a lot of digging to find these guys. none of the other CMO seemed to have the whole package if you know what I mean. The more I dug into GSI/ Novanta the more convinced I became because of their shift in strategy, recent acquisitions, robotic case studies, name change and then the customer list. They expect big things as well. Changing their name to novanta from very vanilla GSI group was interesting in and of itself (it's a rather googlish and verbish, name dont you think).
all of these things and the shift in strategy by this company aligns with what appears to be the handoff.
i found a couple connections to verb and 1 to Titan with the organization.
PPS is around 15 bucks wondering if they may also be an acquisition target of google.
Look at everyone they work with from one of their smallest and newest divisions. Then think about getting a similar list of companies from their other divisions. (Can't find any yet most companies don't share their list of customers). Reach technology was a small company and put that list out their to attract business they were acquired by Novanta last month and aren't so small anymore. (I bet they take that list down in the future)
The company (CMO) wishes to stay anonymous because their other customers may include the likes of Intuitive and or others in the robotics space and they wish to milk these relationships as long as possible possibly all the way to fda approval.
If they are making this platform for titan and titan is an acquistion target for someone else then an Intuitive would have to react / respond to this either by taking their business elsewhere or something else.
I don't know if they or one of their recently acquired divisions work with intuitive but with all their capabilities would it be a stretch to think they do in some capacity?? Look at that list again notice it's states some of their customers (not all) from this small division. This is why they stay quiet.
Yes longmoney I agree 100percent tank you for looking at this.