Titan Medical Inc (TMDIF)

[Bristol19]

Excerpt:
The round was led by Bluestem Capital, though existing investors such as PrairieGold Venture Partners participated in the financing. The company is a spinout of the University of Nebraska.

Should the feasibility studies go well, the company will look to raise additional funding to go through the regulatory 510K process in the U.S. and the CE Mark process in Europe.

“The technology is really coming quite soon – probably in the next year or two,” Murphy said. “This area of robotically assisted surgical devices is tremendous, and here to stay.”

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