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Rocko could JNJ be the end effector supplier if Medtronic is partnering with Titan. How would that work. Problem?
Saw a Storz instrument in a video a couple years back
Why is GLG saying they already grabbed 25 mil l
This article says Europe first
Titan Medical (TMDI) Shows Promise on Strategic Developments
Zacks Equity Research
June 07, 2019
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The growing dominance of AI applications in healthcare and technological revolution has opened up newer avenues and opportunities in the minimally-invasive surgical devices space with robot-assisted surgeries gaining prominence. Needless to say, this has attracted investors’ attention to robotics surgery stocks such as Titan Medical Inc. (TMDI - Free Report) .Shares of this Zacks Rank #3 (Hold) stock have gained 91% on a year-to-date basis, outperforming the industry’s rally of 9.3%. The stock also outpaced the S&P 500 Index’s rise of 12.7%.
Estimates have been stable over the past couple of months, reflecting analysts’ confidence about the stability of the earnings of this designer and developer of sports surgical system. Besides the company's sturdy earnings performance over the past three quarters, which was partly responsible for the solid run on the stock market, a spree of strategic developments also led to investor optimism.Let us delve deeper:In the last reported quarter, the company delivered positive earnings surprise of 6.76% with the 12-month average earnings surprise being 24.3%.Titan Medical is currently putting in a good deal of effort to develop, design and enhance its offerings for the multi-billion dollar computer-assisted robotic surgical technologies market. Going by RAS Devices Market Report (Meddevicetracker Group), the robotically assisted surgical (RAS) devices market is expected to witness 11.7% CAGR over the next five years and reach $5.3 billion in 2021.
Titan Medical intends to commercialize its SPORT Surgical System in Europe followed by the United States, the world’s two largest markets for robotic surgery. The company is currently investing more on advanced product development in preparation for planned GLP (Good Laboratory Practices) and IDE (Investigational Device Exemption) studies.The company reached a major milestone in April having achieved hardware design freeze for its single-port robotic surgery system. As a result of this, the company will now be able to complete all verification and validation activities related to this system conducted under GLP and Summative Human Factors studies. These studies will play a pivotal role at the time of submitting IDE application to the FDA for human confirmatory studies, which the company plans to conduct during the fourth quarter.Owing to the ongoing regulatory procedure, the company is currently witnessing escalating research and development (R&D) expenses. During the first quarter of 2019, R&D expenses shot up to $14.4 million, a significant increase from $3.3 million in the corresponding year-ago period.Higher management churn can also be considered a reason for the upside. Last month, Titan Medical announced the appointment of Charles W. Federico as chairman of the board of directors. Federico, who was associated with MAKO Surgical and Smith & Nephew (SNN - Free Report) in the past, has 46 years of experience in the medical device field.We believe the appointment of such a prominent medical technology executive with a successful track record in strategic planning, corporate governance and effective commercialization will reap benefits in the future.
Hey sport notice they are going to try to complete with DaVincci SP.
SP is the future. Not selling my shares
Medtronic readies device to rival Intuitive Surgical’s da Vinci SP
AUGUST 15, 2019 BY SEAN WHOOLEY LEAVE A COMMENT
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Medtronic logo updatedMedtronic (NYSE:MDT) is reportedly developing a soft tissue surgical device to rival the da Vinci SP robot-assisted surgery platform made by Intuitive Surgical (NSDQ:ISRG).
Bernstein analyst Lee Hambright, writing today in a note to investors, said Fridley, Minn.-based Medtronic is slated to reveal the device during its Sept. 24 analyst day, according to Seeking Alpha.
The as-yet-unnamed product is due to hit the market outside the U.S. next year, Hambright wrote.
Medtronic’s offering could have an impact on Intuitive’s business, he wrote, but that could be years away.
In March, Sunnyvale, Calif.-based Intuitive won a new indication from the FDA covering single-port radical tonsillectomy and tongue base resection procedures for the da Vinci SP. In June 2018, da Vinci SP won expanded clearance, after it was initially cleared for urological procedures in April 2014.
ISRG shares were off -0.1% to $499.86 apiece today in late-morning trading. MDT shares gained 0.6%, rising to $101.50.
How bout dat sport
Single Port is the new wave coming in. Thinking this is another reason Trixie is gaining NO market share. VThis is going to be HUGE!!!
You don’t say.
Well Sport, somebody wants these shares, 300k bought today. Makes you wonder who keeps buying these shares with a raise looming over us.
Thanks for sharing the DD Rocko. I appreciate the intelligent meaningful posts.
Quid I’m thinking if they were doing a raise like all the other times they would surly not go this long. If HC is right they have literally no cash coming into a very critical time. Mc is a planner, no way he is sitting back chewing his nails watching the share price waiting to pull the trigger hoping money will come in. But then again knows what’s .taking place with this secretive bunch.
No raise yet? Rocko might be right. Big things could be happening
Hmmm.... good thing a phantom Chinese company showed up with millions when the power company was ready to turn the lights off. Here’s a few million dollars and hey when you decide that you don’t want to let us distribute your robot you can just keep the money oh ya if anyone looks us up we are headquartered in a house a block away from JNJs facility in Canada. WHY WOULDNT WE BE BACK TO THAT. Maybe we should just complain about management a little mor because I don’t think that has been done enough on here.
Haha. He complain for a longtaim.
You need evidence of Longtai? Pretty obvious that is a shell company
I was joking mang
Your Turd Trxc was worth a billion hahaha
Patients willy, patients
Conmed
Hahaha. You will wish you were still in this real soon.
Must not be worthy. You would have plastered it on here to help your investment if it were any good
You complain when they don’t have enough money and now you complain that they are getting money?
If this gets bought pre FDA we surly won’t hit 100 mil shares. You can’t make that statement
Who that’s been beat down is going to sell this close to FDA for a dollar sixty??Come on mang your starting to think like somebody else I know here. I can give you19 different reasons why common sense is crucial at this stage in the game Elenor
Wake me up in December
Why does it feel like I’m watching Sean Hannity every time I read your posts. Breaking News! Massive dilution could be on the way!
You should become a tarot reader. Can’t believe you called this going lower. With all the highs this has had. At a boy!
The money is there intuitivetalljones
Would you expect anything different. 10 years and you’re still not able to sell a product. 10 years you could have made a fortune here on dips and highs.
Rocko what is your take on the Teleflex situation. Why would we partner with them iif JNJ is making our end effectors
Funny you hear nothing of JNJs robots. If they are building robots why buy Arius?
Can somebody please post a fake PR that JNJ is making end effectors for Titan IMMEDIATELY hahaha
You can’t say it’s not Verb. You have no idea who’s making what for Titan. This thing has been so secretive NO ONE KNOWS ANYTHING. Maybe Rocko got a look behind the curtain but you haven’t or you would be saying who is making the OS. You don’t know
I hope Rocko is laughing his arse off at you criers someday. Zaring didn’t come here for a job.
Glad to see you back !
Ok Epstein maybe the sex hasn’t happened yet but there’s definitely some touching going on. 125 mil just doesn’t grow on trees
By issuing mystery man warrants they get money as they need it and we don’t get diluted right away for 125 mil. The only way we get fully diluted would be if a buyout was announced but market cap would go up because of cash on hand from warrant exercise ?
I think Glg is right. I think this is the beginning of a buyout
Common sport 19. They would definitely need a guy on the inside of Titan to see it through. I can’t believe you posted that. Common sense