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Let's have a moment of silence for TRXC as it has finally signaled the end is near. What an incredible fall (or incredible sell job) but anyone who has a clue in this surgical robotic market knew it was never going to make it. I am sure those "in-the-know" institutional investors who invested millions into TRXC are "thrilled" with their return on it. (Also a good insight that institutional investors don't know sh.t).The only saving grace for those trixie investors would be to dump, take the loss and invest in a company like Titan that will not piss away an opportunity like TRXC.
Think about this - Trixie was second to market in the robotic surgery, got up to a $1 BILLION valuation on pure speculation. Imagine what it would have been like if it had a novel, game changing, next generation device. Instead they shelf their surgibot and buy decade old technology AND THEY GOT TO A $1 BILLION VALUATION!
Boy I remember the good old days when TRXC was trading at $14/share prior to FDA approval. Trixie would have been better off if they never had FDA approval b/c since they've gotten it, they have lot over $800M in MC AND THAT IS WITH A FDA APPROVED PRODUCT!
Imagine an investor like LTG that was heavily invested and pumping TRIXIE (TRXC) like it was his job to only end up losing a huge amount of money. Sure does suck for those investors but hey, it was their money and their choice to invest so they should have known exactly what was coming. Can't wait to hear from those ole trixie investors that will try to sell us that they got out before the collapse and are fine.... oh, ok.
Here's another thought/theory:
What if after the reprice of Options at $3.40, McNally and the gang exercise immediately. Now they have put more skin in the game by investing their own money directly into the company.
How many expire? Even more specifically how many of Randall's expire on 5/21?
My understanding is they only do simulation/training software - don't think do they do any sort of operational software. anyone is more than welcome to dig into Mimic and post on this board if they do any type of software related to operating and controlling a surgical robot during procedures
What’s funny is Titan has already installed software- look at past MD&A reports - yet they have not disclosed who the software is from - very secretive. Oh wait u said Verb Surgical is very secretive. Why does Titan have to disclose the software? They haven’t disclosed the Worldwide supplier of end effectors yet - oh I thought u said that all partners have to be disclosed.
“They have to disclose” is what u said. That is total bs, they haven’t disclosed supplier, they haven’t disclosed software and they are still developing- no legal issues.
Here is a fact for you - on a call McNally was asked directly why he hasn’t disclosed who the supplier is for end effectors and his response is that the supplier preferred they not disclose that info. I’m sure it is the same agreement w the software. But wait , how can that be? According to you they have to disclose it. Guess u r wrong.
I wouldn’t ask you to help spread any message especially one revolving around robotic surgery - I dont have any need or use for uninformed people.
There it again, calling Verb a competitor of Titan - wrong!
Wow, real expert on this - I guess one can become an expert in 3 days after learning about something for the first time. Looks like we have a Beethoven on the board - lucky us.
IMO, Probably most of the private offering and chairman of the board seat. Not sure too many people on this board researched it though.
$50-65/share - that's a huge win for me. It is even a win for SPORT19 with a cost average of $30-35/share, he almost doubles his investment
BUT
Opening bid is $5.7 Billion - that is what JnJ paid for Auris.
Once Titan gets approval, its a bidding war b/t all the big players even Intuitive who would almost lock up Single Port Technology for 10+ years - its a steal for them at $5 Billion considering the protection it would provide them. Unfortunately for ISRG, whatever deal they try to make for Titan won't compare with the deal that Titan will be getting from....
Now this is some great information - thanks for sharing, it is very interesting indeed.
ISRG - Market Cap of $57 BILLION
TRXC - MC of $416 Million
TMDI - MC of $90 Million
Moderators - please sticky post #86997
When you say it takes multiple people to operate are you stating that it needs more than one physician to do a procedure? Or do you mean it needs a team (dr, nurses, etc) to operate? Again, I am not sure what you mean about multiple people needed b/c it only needs one physician at the surgeon console to manipulate the arms.
If you are referencing the entire robotics team staff to operate CMR, well that is no different then Da Vinci, SPORT, TRXC, Mazor, etc - they all need multiple people in the room (the surgical robotics team) to perform the surgery.
If you are saying it needs more than one physician to perform the surgery b/c it has multiple arms then you are flat out wrong.
You knowledge on Verb is minimal and very basic - again you just found out it existed a day ago. It is good you don't have to do a thing b/c you don't know a thing about it. Verb is not just about Auditory commands (I don't think anyone outside of you would describe VERB as an "Auditory Command company") https://www.verbsurgical.com/ - it about creating a digital surgery platform, working with companies like Getinge:
https://www.getinge.com/int/about-us/press/news/press-releases/2017/2750962-Getinge-and-Verb-Surgical-Inc.-announce-strategic-partnership/
As for those two products the supposedly have - they licensed technology from SRI - it is not products that VERB has, it was a licensing deal and even in your post - it states the following:
"We believe that the SRI licensed technology may be the M7 telerobotic surgical system. This system has been in development by SRI since 1998. "
They "believe" but don't know for sure and on top of that if you knew about VERB more than a day, you would know that among many of the things VERB wants to achieve is the ability to do telesurgery on their platform using 5G.
Most of the people who have been in this for a while and have known about VERB for more than a day are reading your post and shaking their heads b/c your understanding is very rudimentary. Your post about SRI or teleoperate has been discussed about 4 years ago when VERB was formed and this info was posted. In essence you are about 4 years behind from an information and knowledge base on VERB.
I'm done with the free education, the rest you will have to do on your own. Most of the educated posters on this board who have any knowledge of VERB Surgical can also help educate the less informed.
Well you don't know that for sure, let's be clear about that, it is your opinion which of course to point out you didn't even know VERB Surgical existed 24 hours ago.
Now with that said, I would point anyone who would like to know more to look into Linkedin and notice all the connections b/t Auris Health and Verb Surgical. In fact, there are many people who have worked at both Verb and Auris in what appears to be collaboration on projects. Hhhmmm, Auris makes a surgical robotic platform for bronchs and Verb Surgical develops a Digital Surgery software platform that can be utilized in surgical robotic platforms.
Let's see, do I go with the staggering amount of connections b/t Auris and VERB or someone that didn't know it existed 24 hours ago.......tough decision but I'm going to go with the hard concrete connections.
FYI, You are not helping yourself....
Yes CMR is practical and will have an impact and make some noise in Robotic Surgery
I read the same article and the author knows very little about what is happening in the robotic surgery - the author thinks of Verb Surgical like some on this board do that it is just a robot.
I've posted this in the past and its worth repeating:
There will be many robotic surgery platform (general surgery, specialty, Ortho, Spine, Neuro) that can utilize the VERB Surgical software platform, that Digital surgery 4.0. I wouldn't be surprised if Titan utilizes it or Auris or CMR or TRXC or virtual incision or Medrobotics. I wouldn't be surprised if Intuitive realizes that they have to go from a closed system to an open platform like VERB or even just develop a generation of their da vinci that could be used on an open platform like VERB.
Some really good info and especially helpful being able to look at it thru the lens of the last 4 years:
https://www.meddeviceonline.com/doc/j-j-google-join-forces-to-develop-surgical-robots-0001
https://www.meddeviceonline.com/doc/j-j-google-joint-robotics-venture-approved-by-india-s-fair-trade-body-0001
No. Jnj bought the robot specifically and especially for bronch. Btw, Auris went they fda approval focused on one procedural area and that wAs bronch but I am sure there will be other applications down the road. Titan is going thru fda approval focused on one procedural area (gyn) with other applications down the line.
Again, old info but some need it:
Intuitive has multi-port, single port and bronch surgical robotic platforms all FDA approved and commercially available. Any of the big name players like JNJ that wants to compete will need a multi-port, single port and bronch platform. JNJ has bought their bronch/lung surgical robot in Auris for $5.7 Billion. Now they need multi and single port. Medtronic is way behind w their multi port delayed and no Single or bronch platform on the horizon. Stryker- nothing. Karl Storz- nothing. Olympus - nothing. And on and on.....
IMO - Auris is using some version of Verbs software right now.
I do know that they had limited sales after FDA approval and prior to JnJ buying them out. I don't think anyone has the exact number but it wasn't many Monarch systems that were sold (however the clinician feedback earlier on in those facilities was very, very positive). They had some revenue from Hansen but that is not why JNJ paid $5.7 Billion for Auris, it was all based off the Monarch Platform and its POTENTIAL.
Jnj is not their partner, they own Verb along w google. I recommend you go to LinkedIn and watch an interview bt the former CEO of Verb and joe mullings- that will help you get a better understanding of what Verb is. Currently The only known partner of Verb Surgical is Getinge (I’m sure u have heard of them).
On another note and throwing it out to the board to see who knows the answer: what software system is running Auris’ Monarch platform? Auris, which has recd FDA approval and now bought out by JNJ for $5.7B has to have a software system they operate on and they had on their product when submitted thru FDA.
Have to respond to this post- you didn’t even know who Verb Surgical was 1 hour ago and now you are trying to tell the board its impact on Titan, not becoming of you based off your some of your previous post which were informative.
Look Titan already has the basic software installed that operates and communicates bt controls, patient cart, console, snake arms, end effectors. One could argue they actually have enough to submit and get CE mark - at least enough to start the CE process.
There have been many on this board that are confused about Verb Surgical. Some think it is a robot like davinci or CMR. they think it will be a direct competitor of Titan. The most relatable way to look at Verb is to compare it to android operating system BUT on a bigger scale. ISRG operates off a closed system like APPLE.
Wrong Verb surgical - have to get up to speed - moving quickly now.
Nice to have someone post something that actually knows something.
Design freeze was announced today
It’s amazing in today’s environment that there are people out there that think software has to be frozen. It shows some of the ignorance of some people.
Note: shorters will not go down without a fight.
Titan Design freeze - doc Holliday
Shorters- Johnny ringo
YES IT IS!!!!!!
Tick,to...,...ding, ding, ding!!!!!
Just make sure you don't sell all your common shares to buy warrants that expire worthless.
Be realistic - the smart move is to go the single specialty route (in this case GYN) for regulatory approval. Same thing ISRG did with their SP platform and it will quickly evolve from there.
Keep it Simple - get the GYN clinical, safety and efficacy data - focus on the most common current robotic areas - get approval.
IMO - $6B the minimum.
$3.5B is the Minimum - Auris went for $5.7B - so that would be $95/share with 60M shares outstanding - let's call it an even $6B for $100/share.
Who will be selling next week? Its the same old stuff, shorters and MM will continue to manipulate it until DF announcement, VERY SIMPLE.
There will still be the 100 lot shares traded, the 5 lot shares thrown in at end of days. Nothing is going to change at this stage, sorry to burst your bubble but I am surprised you think it will. Also, this whole "band together to raise it up" is your pipe dream, each investor will do their own thing and not what others tell them. Well I shouldn't speak for others but I am not going to buy in and out over the next 20 trading days and put myself at huge risk of losing out BIG TIME. Just sit back and watch the show.
Tick, tock.....
Btw, they never said it was May 16,17, 20, 21, 22 - they have stated it was the 5 prior trading days leading up to AGM. So whenever the AGM date is, take the 5 prior trading days.
Very simple. Unless anyone here can point to these specific dates in the company’s filing. If those specific dates are indeed in the report then the company will need to specify BUT if they just referenced the prior 5 day average prior to AGM then they will use that 5 day avg
It’s very clear, it’s the 5 day average prior to AGM. So the 5 prior trading days until May 29
Now that IS FUNNY! So spot on.......
Titan AGM got moved back until May 29
Titan and Teleflex ahead of the curve here. Probably means that the other companies like Intuitive that make staplers will have to go back and get them FDA approved. Another win for Titan.
Tick, tock, tick, tock.....
https://www.fda.gov/downloads/MedicalDevices/DeviceRegulationandGuidance/GuidanceDocuments/UCM636431.pdf