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Wednesday, July 02, 2014 3:06:26 PM
With Only One Product to Hope For, the Source of Downside Risks Are Numerous and Diverse; Analyst Report by BrokerBank Securities, Inc.
2 days 37 minutes ago - DJNF
NEW YORK, June 30, 2014 /PRNewswire/ -- Titan Medical Inc. (OTCQX: TITXF) is a venture company with a market capitalization of about $200 million. Headquartered in Toronto, Canada. The company is involved in building a robotic surgical tool for application in minimally invasive surgery ("MIS"). The key concept of MIS is to minimize the incision area during the surgical operation. In general, MIS leads to quicker recovery, shorter hospital stays, less pain, fewer and smaller scars, reduced risk of infection, and less blood loss.
The notion of MIS has been around for many years and dozens of companies are already manufacturing surgical tools that meet the MIS definition. Titan is trying to capitalize on this opportunity of a bulging industry where national demographic changes and the ever increasing health service appetite/need makes the venture very appealing.
On June 16, 2014, Titan released a statement saying it is on track in its building development schedule for its sole product SPORT Surgical System. SPORT Surgical System alpha commercial prototype phase has been completed on time (according to the management). The 35% increase in its share price from June 15(th) to 28(th) (9 trading days) could be attributed to this good news. Although such mile stone is monumental, Titan's future is dependent on many unknowns and known challenges.
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