Titan Medical Inc (TMDIF)

[Daktari]

I know everybody is drinking the management haterade this weekend but I just can't get over that fact that this "delay" is related to Intuitives delay to fully release their SP system. Doesn't this chess move put both companies on similar time lines for visibility? Is Titan taking advantage of this.

Intuitive Q3 report quote:


"With regard to our dedicated single port platform, da Vinci Sp, we continue to make progress and design for manufacturability and compatibility with Xi. I believe Sp will have strong applicability for procedures in which a single small entry point to the body and parallel delivery of instruments is important. A good example is head and neck surgery.
We anticipate initiating clinical use of our Xi-compatible Sp in the latter half of 2015, likely in support of regulatory submissions. We are planning a measured rollout of Sp as we receive necessary clearances and optimize our supply chain, and now do not expect 510(a) clearance for our Xi compatible Sp in 2015."

Thoughts?