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Titan does ZERO pumping
Jnj/Titan/Verb/Auris
Go find it yourself
Longtai
They have patents worth over $400M
Auris was less than 12 months after FDA approval and went for $5.7 BILLION
Partnerships take patients and time.
Karl Storz in the mix, let the bidding begin at $7B
you mean patients, right Willy98765
you really should show some patients.
Have patients
Has anyone seen what is happening to TRXC , down to 88 cents after hours. Even sitting where we r w Titan, we have the future to look to. TRXC holders got everything an investor would want, FDA and CE approval, second to market, but they have a POS product.
$14 a share it was trading at, it hit a $1B market cap just about 6-9 months ago and tomorrow it might get delisted. What a joke, all the Trixie people who pumped Trixie and bashed Titan- just goes to show that Titan believers were right and we are right.
Come on bidding war - Titan will go for $8 on regulatory approval.
Interesting position posted at VERB today:
Quality Engineering Manager - Post Market at Verb Surgical Inc.
Our Quality Leader will drive exceptional product quality, safety, and reliability through the quality, manufacturing and service teams into the product. This important technical position will have direct influence on component, assembly, and final product quality for R&D and production builds and release to market. This individual will manage a team of highly talented quality engineers and will actively participate in risk management, design for quality and manufacturing requirements, process/technology development, process verification/validation, inspection verification, test method validation, post market surveillance, complaints handling, and associated documentation. The Quality Leader provides coaching and mentoring to engineers and other project team members on the Quality Management System and compliance to external standards.
Key Interfaces
Interact on a daily basis with Manufacturing/NPI, Supplier Quality, Servicing, as well as Marketing and the Program Management team to drive quality into the product design, manufacturing and servicing aspects.
Responsibilities
• Lead manufacturing quality and post market surveillance function for Verb Surgical Products
• Work with Product Development, Manufacturing/NPI, Quality & Purchasing teams to develop and execute Quality Engineering activities to meet commercial milestones
• Support the analysis and evaluation of business situations, production and service capabilities, manufacturing problems, and the design and development of new products from the quality assurance perspective.
• Review technical problems and departmental procedures and recommends solutions to problems or changes in procedures.
• Lead Risk Management efforts in accordance with ISO 14971 and Design Control efforts in line with ISO 13485 and 21CFR 820.
• Train and mentor engineers and other project team members on best practices in quality engineering and regulatory compliance to external standards.
• Ensure maintenance of and compliance to the most recent versions of all applicable international quality system and product quality standards.
• Provide guidance about Six Sigma principles (Sampling, Acceptance, DOE, Statistical Process Control, Root Cause Analysis, FTA, control charts, capability analysis).
• Review and draft process validation plans and protocols, and conduct validation testing of new or updated products and equipment, fixtures or tools as necessary.
• Assist in the development, improvement, and management of product assurance systems such as receiving quality assurance, in-process quality assurance, statistical process control, calibration / preventative maintenance, nonconforming materials, product lot release testing, and finished goods control. Identify and develop test methods and fixtures as needed.
• Participate in internal audits for quality systems, processes, and products to ensure compliance with regulations and internal specifications.
Competencies
• Technical, Computer and Practical Skills
• Through applied knowledge of ISO 13485, ISO 14971, IEC 60601 standards and 21 CFR 820 and MDD regulations.
• Fluent in a wide variety of Quality tools such as 8D, 6S, 5 Why Analysis processes.
• Word processing, spreadsheet, Internet, e-mail, manufacturing, statistical and database software including Minitab and ReliaSoft applications.
• Working knowledge of statistics for R&D, quality, reliability and inspection.
• Comfortable and effective in a startup environment.
• This position requires excellent verbal, written (English) and interpersonal communications skills with proven ability to translate technical information into effective procedures, plans, specifications and agreements.
• Ability to effectively present information in one-on-one and small group situations to supplier personnel, partners, consultants and employees at all levels of the organization.
• Ability to read, analyze, and interpret applicable scientific and technical journals, and legal documents. Ability to respond to common inquiries from auditors, notified bodies, regulatory agencies, or members of the business community.
Remember that Titan will need a US Sponsor to submit the IDE application.
Per FDA:
"Can a foreign company submit an IDE/Is a U.S. Sponsor required?
A foreign company cannot sponsor an IDE; the company must have a U.S. agent who acts as the sponsor (see 21 CFR 812.18(a)). The U.S. agent must fulfill all the responsibilities of a sponsor identified in the IDE regulations."
So based off your numbers and full dilution of $125M shelf offering:
Auris buyout of $3.2B - At that buyout Titan PPS is $37.21
True Auris Buyout was $5.7B - Titan PPS is $66.28
Titan is more versatile than Auris and not as niched as Auris so buyout minimum should be $6B - Titan PPS is $69.77
If Medtronic, Intuitive, JnJ, Stryker, etc get into a bidding war for Single Port Technology since Titan is the only game in town the price tag could get up to $8B - Titan PPS is $93.02
Final price tag of $10B - Titan PPS is $116.28
So fully diluted with maxing out the $125M shelf would put final buyout b/t $69 and $116 PPS. Currently 6 months from regulatory submittal.
So why would patients go lower? Do u mean that an adjustable table will be also be part of the SPORT PLATFORM?
Patient is someone that will be part of the human clinical trials taking place soon. But u are saying the patients will be lower - u must be referring to the adjustable bed Stryker is making for Titan, is that it?
JNJ/Titan/Verb/Auris
Titan did fire, I mean Senior did fire EVC group. Why would Medtronic do that when they are working w EVC (and the exact same contact) on the Mazor deal? It would maybe bump me off my theory of JNJ/Titan/Verb/Auris If Titan was still working w EVC, but I have a feeling Senior told Titan to go w another firm.
Bidding war gets Titan north of $6.5B buyout upon CE mark and close to $8.5-$9B on FDA approval.
Here is some interesting info:
https://titanmedicalinc.com/titan-medical-partners-with-evc-group/
So Titan signs this agreement with EVC in 2016 and most of Titan's PR releases contained two EVC contacts but the one that jumps out is Michael Polyviou. The agreement last about 1 year and then Titan starts using LHA in March/April 2017.
https://www.sec.gov/Archives/edgar/data/1566844/000117891318002559/exhibit_99-1.htm
This link contains the announcement of Medtronic/Mazor deal on SEC website. What is interesting right at the top shows that Mazor was using EVC group and Michael Polyviou was the primary contact for Mazor US Relations.
This is real close to what a JnJ/Titan agreement could look like - This was the Medtronic/Mazor agreement on SEC website.
https://www.sec.gov/Archives/edgar/data/1566844/000117891318001361/exhibit_4-17.htm
Before he left, he took a Shiat and out came SPORT19
JnJ/Titan/Verb/Auris
Here is a link showing very interesting info - have to scroll down:
https://investorshub.advfn.com/Titan-medical-inc-TMD-31287/
LOL!!!
His other was the return he had on his shoebox money under his spongebob bed.
I don’t see any post that says I agree to something.
SPORT19, could you please elaborate on what this post is in reference to. What is your DEAL? What is it about? Are you just throwing anything and everything at the kitchen wall?
Please explain
By MR. MARKET, do you mean the guys that predicted Bear Sterns and Lehman Bro. collapse or by mr. market, those that saw Medtronic-Mazor deal (which NO ONE CALLED). Mr. Market is an algorithm, it has no idea of Titan.
Titan is potentially more valuable then Auris, especially upon ANY regulatory approval
You guys talk about FDA approval....They could get CE Mark sooner than FDA - any REGULATORY APPROVAL, be is CE or 510k (my money is on CE Mark), makes this a minimum buyout of $3.7 BILLION. Now if Medtronic wants to jump in the mix and not let Single Port slip away, they could WOW Titan and make a massive counteroffer. It sure will be interesting.
Go get it yourself
Do you not even comprehend the simplest things, what I AM SAYING IS and HAVE BEEN SAYING IS:
JnJ/Titan/Verb/Auris
Real simple
Hargrove and McNally are delivering the same message and operating the same game plan and it hasn't been transparent. Has not changed the only thing I HAVE BEEN SAYING, which is:
JnJ/Titan/Verb/Auris
Like looking in a mirror for you huh.
No, In order to compete they will need multi port, single port and endoluminal.
They are developing multi port w verb(the old Amadeus platform), they bought Auris (their endoluminal) and they will buy their single port (Titan). So yes, jnj instructed Titan to work with their trusted CMO - Cadence, to develop their end effectors
So NOW you believe what McNally says. So u then agree that this is a once in a lifetime opportunity as McNally says. So you believe that we will have regulatory submission in 5 months which McNally says.
Guess it depends On which way the wind blows for you.
TORONTO, ON--(Marketwired - November 30, 2015) - Titan Medical Inc. ("Titan" or the "Company") (TSX: TMD) (OTCQX: TITXF) today announced that it has signed an agreement with Cadence Device, Inc., a wholly-owned subsidiary of Cadence, Inc., ("Cadence"). Under the terms of the agreement, Cadence will develop, manufacture and manage the supply chain, sterilization and distribution for multi-articulating robotic instruments for use with Titan's SPORTâ„¢ Surgical System.
John Hargrove, Chairman and CEO of Titan Medical Inc., commented, "We are very excited to partner with Cadence, a leading contract manufacturer in the medical field. Their proven level of expertise will be key for the development and manufacture of innovative multi-articulating instruments, which are important for Titan's success as we move closer to the commercialization of the SPORT Surgical System."
Alan Connor, President and CEO of Cadence stated, "We are pleased to partner with Titan to help design and build the instrumentation for the SPORT Surgical System. We are very impressed with what Titan is preparing to bring to the market and look forward to playing a key role in the continued advancement of this novel robotic system."
We all need mcnally to tell us who the supplier is that has wanted to keep it quiet and why they are good with the Cadence/Titan Agreement.
Also want to point out these types of jobs that were posted after the supplier agreement was signed b/t Titan and WW supplier.
JOB DESCRIPTION
Ethicon Endo- Surgery, Inc., a member of Johnson & Johnson's Family of Companies, is currently recruiting for a Senior Electro-Mechanical Controls Engineer - Surgical Robotics, R&D;, located in Cincinnati, OH.
The Ethicon Surgical Care business offers a broad range of products, platforms and technologies including sutures, surgical staplers, clip appliers, trocars and synthetic mesh devices that are used in a wide variety of minimally invasive and open surgical procedures. Specialties include: support for treatment of colorectal and thoracic conditions; women s health conditions; hernias; cancer and obesity. The Ethicon Surgical Care business combines products and services of two market-leading legacy companies, both with long histories of medical innovation. Ethicon, Inc. is based in Somerville, New Jersey and was founded more than 80 years ago as a pioneer in suture development and manufacturing, helping to transform the safety and effectiveness of open surgery. Ethicon Endo-Surgery, Inc. was created 20 years ago in Cincinnati, Ohio and has innovative devices that have driven the revolutionary shift from open to minimally invasive surgery that continues to lead the industry today.
The Senior Electro-Mechanical Controls Engineer, R&D;, will work with internal and external teams to develop highly articulated surgical instruments to interface with a novel surgical robot. This individual must collaborate with internal and external customers, partners, and consultants to effectively communicate and deliver novel surgical instruments to market. The position is responsible for conceptualizing, designing, and implementing embedded control systems for surgical devices as well as inventing and developing embedded control strategies and leading architecture design to achieve solutions.
Qualifications
A minimum of Bachelor s degree in Electrical Engineering, Controls Engineering or equivalent degree with 5 years of experience, or a master's in Electrical Engineering, Controls Engineering or equivalent degree with 8 years of experience, or a PhD in Electrical Engineering, Controls Engineering or equivalent degree with 3 years of experience, required Experience in developing real-time embedded controls and model-based control system development for non-linear complex electromechanical systems. The following skills are key to success in this position:
Specialization in modern and classical control theory (stability analysis, frequency and time domain analysis, continuous-and discrete-time systems, state space analysis) is preferred.
Expertise in system characterization and identification of linear and nonlinear systems is preferred.
Solid understanding of electro-mechanical mechanism design (medical or surgical instruments is a plus)
Expertise in the development of control algorithms (Model Based Design and C-code) to meet functional, regulatory, and functional safety requirements is preferred
Experience creating physical models of dynamic systems in simulation tools such as Matlab/Simulink to develop prototype, control systems and code-generation toolchains is required.
Experience in the implementation of real-time embedded controls systems
A strong background in robotics and motion control is preferred
Experience with multi-disciplinary engineering projects, including: integrating sensors into mechanical designs, specifying and integrating embedded software that complements mechanical design, modeling and specifying the dynamic properties of mechanical systems for controls development, etc. is preferred.
Excellent collaboration and teaming skills. This engineer will be expected to work with manufacturing engineering and suppliers to understand the considerations associated with Design for Manufacturing (DFM), Design to Cost (DTC), and with engineering teams and consultants to produce prototypes and optimize designs for manufacturability.
Building prototypes, products, and systems for testing. Setting up and running laboratory simulations and test fixtures. Evaluating the stability, reliability, and performance of control systems.
Designing test procedures, coordinating tests, analyzing results, and developing written reports.
Conducting and/or participating in technical design reviews of requirements, specifications, and designs for instruments, systems, and interfaces.
Understanding of and experience with controlling robotic end-effectors, to include robustness analysis, calibration methods, performance evaluation, friction modeling, and the like.
Demonstrated experience in definition, development, and commercialization of medical devices
A solid understanding of data acquisition and network communication systems (CAN, CANOpen, Ethernet) is preferred.
Development of fault diagnostic algorithms to detect sensor/actuator malfunctions and develop remedial strategies. Employ the use of statistical techniques is preferred
Perform algorithm validation using offline plant models. Define tests to benchmark control algorithm capability to follow set-point, reject disturbances within a typical surgical procedure. Develop controller performance assessment metrics.
Strong programming skills in high level languages such as "C" and scripting languages (python, perl, etc.) is preferred.
A passion for changing the future of surgery
Cadence makes that for JnJ
https://www.cadenceinc.com/products/oem-solutions/harmonic-scalpels-ultrasonic-tips
JnJ/Ethicon has the Harmonic Energy Platform
https://www.ethicon.com/na/system/files/2017-12/018618_140721_Springer_Healthcare_HARMONIC_ACE_7_Shears_Manuscript.pdf