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By the way, ximedica has 24 engineers working on Sport
Development was halted by ximedica- simple reason why they halted development was bc fowler kept wanting to tweak the design (think foot pedals). Unfortunately fowler was unaware of all the downstream requirements needed for every tweak and ximedica finally had enough and that was their only leverage to get Titan to quit making tweaks and get to design freeze. Also explains why ximedica hasn't stopped recently despite Titan not having 6 months of expenses covered. Design freeze coming soon.
No way they are going alone
The beauty of the OTC
And one he sold to JNJ - depends on the prism you look thru and whether or not emotions control more than reason.
So to simply and clearly answer your question - i haven't really researched him too much (unlike McNally), he is better suited to handle the responsibilities then Fowler - I just know that Titan followed up on their goal to hire someone in this position.
Do you not retain info, I've made it very clear what I based my investment on - Titan/JnJ/Verb partnership. You have even commented back several times when I've posted it. I'm amazed that you can't remember that. I will give you an example, I know that you think Titan are a bunch of dopes b/c you've not only said it once but you say it over and over and over and over.
I am very confident in this investment and continue to add b/c I believe that Titan/JNJ/Verb will come together and that is based on too many DD searched to "cite" on this post.
Cite is a verb which means to order to appear in court and to quote as an example, authority or proof. Site is a noun which means the actual location or a place or scene of something. As a verb, site means to place or locate on a location or position. Sight is a noun which refers to the sense of seeing.
Do you mean "Cite"?
Intuitive surgical's Single Port System is coming up on 3 years this April since it's FDA approval and still no sign of it commercially. Can't believe they haven't brought it to market.
https://www.meddeviceonline.com/doc/intuitive-surgical-receives-fda-approval-for-da-vinci-sp-surgical-system-0001
Well lets see what you know...
What debts does Titan hold that will cause them to file bankruptcy?
Here's how u can find out the value of the patents and IP. Take all the patents and IP that Titan has, hire a patent and IP attny and present them the list of patents and IP. Have them evaluate them, research them and share with you the validity and uniqueness of them. Then take your understanding of future of robotic surgery (this might be the tough part) and apply the need for these patents and IP. If you don't believe that snake arm technology and wrist roll technology are critical and crucial to the future of robotic surgery then you value it on the low end. I, however believe that snake arm and wrist roll tech is needed and the future of robotic surgery. As for mr market, they don't know squat about robotic surgery. They missed mazor being acquired by Medtronic, they bought into TRXC being bought by JNJ and ran that price up before it plummeted back. Way to go mr market.
They don't know and aren't forward looking. There are tons of mr. markets that said intuitive and robotics won't be successful. Why were they wrong?
Sure, just google it.
Interesting that the top health system in the world is partnering w Titan.
Titan partnering with Mayo Clinic - that's quite significant.
Their is tremendous value in patents and IP. Titans is easily worth $4-5 Just on their patent and IP.
I don't consider McNally an azzclown. Simple and forward looking answer, I know that is something you aren't familiar w.
I know you don't understand potential market opportunity which is why you can't see what potential their is in surgical robotics. Hey, it's not your fault, you are just wired to only look backwards.
Yea fly,surgical robotics is doa. What are you thinking, you should invest in a company that makes cd roms.
Look at that, something that Titan and HC have in common.
It's going to be higher, both those numbers are too low.
Based on Market Oppty - this will definitely not be a firesale at $1.50 - $2. Well let me correct that, for some on this board $1.50 would be an opportunity of a lifetime just not for the professionals like McNally. Design Freeze gets us to $3 minimum - when does that happen? Sounds like sooner rather than later.
Sounds like Robot is done - design freeze - April 24th?
Why would they stay invested? If their invested they don't think its going to fail, its that simple. If they stay invested and still think its going to fail, what's that tell you about their thought process, reasoning skill and investment strategies.
Rinse and repeat
So to clarify what you are saying, you don't know anything.
You do realize that the BASIC prototype that titan showed at SAGES is far better than what DaVinci has currently. I will say that again, that was the BASIC Prototype. You know that Davinci surgeons have to jam their heads into a console and that Titan has a 3D display on a flat screen. Have you done any research into the different platforms?
JnJ/Titan
$12.83/share
I would be shocked if APPLE doesn't get into healthcare in the same capacity that Google is (Data Analytics, Data Info, AI, etc) - I think they will need to partner with a big time healthcare company (Medtronic, GE Healthcare, Siemens, Stryker, etc) - and I think that the big time healthcare company will need to be in Surgical Robotics to remain competitive and hold onto/increase their market position (they will have to either develop one inhouse or buy a platform)
Will it be Titan and Apple? I honestly don't have any idea, wish I did. I have my own thoughts and opinions but no smoking gun.
Then why would he take the job if it is only going to get worse?
Interesting to see that some of the inventors for these patents are working at APPLE.
It would be good to find out if the Platform Imaging deal was completed - that was scheduled to be finalized in the beginning of January
Its more likely that a company like NEXsprouT LLC will provide funds to Titan.
I'd take Mayo over Anne Arundel - Mayo is still in play (We have a board member from Mayo, we have another SAB physician from Mayo and we have licensed "know how" in colorectal surgery from a physician from Mayo). There are hundreds of training centers in the US and I think Mayo's is better than SAIL.
Don't forget Ximedica opened up a new robotics center and remember where - Minnesota
File one then, why are you waiting on others to do it?
and...
Of course there will be competitors. In 5 years there will be over a dozen or so "surgical robotic" systems (if not more) in the marketplace. There will be 5-6 big players in robotics with 10-12 emerging companies with niche surgical robots.
What do you think there are only going to be 2?
no, that would not be the only reason. They could buy the patents and license the technology. They could make it their less expensive options for outpatient surgery.
Let's go with the $1.50 scenario in 6 months: Let's say JnJ comes in and makes an offer for $1.50/share for Titan. Why wouldn't Intuitive then just make an offer of $1.75/share for Titan? Remember, the surgical robotic market is the single fastest growing market in Healthcare - ownership of hospital and health system and ASC medical device market will depend on if you can compete in surgical robotics. Now if Intuitive makes an offer for $1.75 for Titan, why wouldn't Medtronic make an offer for $2.25/share? If Medtronic makes an offer, why wouldn't stryker make an offer for $4/share?
If Verb wants to own surgical robotics, since Stryker has upped the price to $4/share, why wouldn't they just offer shares of the Verb IPO for every X amount of shares of Titan?
Its good to see McNally update his linkedin profile quickly with Titan Medical.
The one I am most curious about is Park and SAIL training center.