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Me too!
Been wondering the same thing myself?
What do you think the final shareholder price will be?
Upfront payments? Implies to me there is more to come. I have no idea what is going on or what dealings are going on. Are the robots done? Is a deal in place. Are the robots viable? Where are they? Are they still getting coffee service? Where are my thousands???
Good questions!
Somewhere..
there are completed (or very near) functioning single port medical robotic systems.
Where are they?
Why are we kept in the dark?
All these years of engineering, money, development, regulation and talent with absolutely nothing to show is crazy.
Wow! Don't know what to think! Great news after market close on a Holiday weekend? We are still alive.
I agree, maybe a glimmer of some return
Titan added in the release that more layoffs could still occur “as needed” as the strategic review process continues.
But it’s not yet the end for the tech maker, which has devoted several years to developing the Enos single-access robotic surgery system. Titan said its remaining 18 employees will now focus nearly all of their attention on selling off either all or a portion of the company’s assets.
“We remain open to all strategic options,” CEO Cary Vance said in the update. “While we truly appreciate the impact of these changes on our stakeholders including our employees, our strategic review process has led us to believe that interest remains in the company’s assets and some of its technology
Great article ?? and we wait for news.
Hope the "tuck in" is more than a very strange luggage reference. Next week could be very interesting.
Scooped a few thousand shares more
Thanks for posting great news. Hopefully more to come in the near term.
Great information. Thank you
https://titanmedicalinc.com/videos/
Not sure if this was posted. The first video was posted a few days ago.
I just hope Cary will be there to unpack Enos.
I think it is safe to say no reverse split vote and that Titan will not be going it alone. Now what?
A few more at .60
You did! After Hours on Etrade bid .68 ask.70, within a dime of the 52 week high. Enjoying this immensely. In for the duration.
Posted 3 days ago on Twitter
https://twitter.com/titanmedical?lang=en
Titan Medical to start manufacturing Enos systems later this year
By Chris Newmarker | August 12, 2022
https://www.therobotreport.com/titan-medical-to-start-manufacturing-enos-systems-later-this-year/?
Titan Medical (Nasdaq: TMDI; TSX: TMD) expects manufactured units of the Enos robotic-assisted surgery system will be available later this year.
The goal is to commercially launch Enos in early 2025 after securing a De Novo market authorization from the FDA, the Toronto-based robotic surgery company said during its second-quarter earnings report today.
Titan Medical officials said they have an ongoing dialogue with FDA through the agency’s Q-Submission program. Its regulatory timeline includes applying for an investigational device exemption (IDE) in mid-year 2023 for its initial target indication for benign gynecologic surgical procedures, followed by an FDA response in the second half of 2023. After the IDE approval, the next step would be to complete a clinical study in time for a De Novo submission in 2024.
During the second quarter, Titan Medical focused on completing product development and transferring substantially all of the Enos system’s components to its external manufacturing partner. As of June 30, 2022, Titan had cash and cash equivalents of $20.2 million, compared to $32.3 million six months before.
“Our technical partnerships, our relationships with surgeons and the dedication of our employees support our efforts in submitting an IDE application, designing forthcoming clinical trials and planning our commercialization strategy for the U.S. market,” Titan’s recently appointed CEO Cary Vance said in a news release.
And another..
Nice and thanks.....still adding
You did and you were right! Great news for long share holders no matter how the stock is played in the short term.
Thanks! Yet another patent application. This is quite a nice portfolio they are developing.
100,000 bid at .62
Senior Manufacturing
Technician
https://www.indeed.com/m/viewjob?jk=9edaff4399068cf1&from=serp&prevUrl=https%3A%2F%2Fwww.indeed.com%2Fm%2Fjobs%3Fq%3DTitan%2BMedical%26l%3DNorth%2BCarolina%26aceid%3D%26gclid%3DCj0KCQjwz7uRBhDRARIsAFqjulmhfnrJ9jRlgFZ9JkKOKhOVZ9Mb3Y1lCX3E67V-CUP1kgFS23Fo9dIaAjeoEALw_wcB
Thank you Frankenstein
We wait, and the patents build.
Appreciate the post!
Waiting to see the next move as the patent war chest expands.
Thanks Frankenstein!
While we wait....wait and wait some more...then
Thanks for your post Sandman. Good to hear from you again!
This stock is really hard to figure. Still long.
Appreciate the post! Waiting and more waiting.
TITAN MEDICAL COMPLETES FINAL MILESTONE UNDER DEVELOPMENT AGREEMENT WITH MEDTRONIC
4th Milestone complete
Great stuff Frankenstein, much appreciate you posting. The patents keep adding up and the game is afoot.
Why would Medtronic reps be going to Chapel Hill in a few weeks if the deal is done? This whole thing agreement is strange to this small retail investor. I really have no idea. I will stay long to find out however, I am very perplexed with over 35k shares.
You are correct..applications.
3 more patents!
We did end up green today
Nice... This is one complicated piece of machinery that is being developed here in a fast changing landscape. Fundamentals are strong which you would think would reflect in the stock price. It is not at the moment. The shorts have it at the present, however the landscape could easily change again with one short press release up or down.
Maybe I am a sap, however, the timeline change IMHO did not deserve the haircut it got and I will take on a few more shares speculating that this downturn is short lived.
Sorry to hear that Drock....that is a big chunk....management needs revamping...