Titan Medical Inc (TMDIF)

[longtermgems]

I hate to burst TITXF board bubble, but after 2 minutes of search, there is this confirmation from Bloomberg, citing a telephone interview with Gary Pruden, that they are in fact building their own robot.

"The partnership will help J&J, the world’s largest maker of health-care products, build upon the prototype it’s already developed for the core of a new robotic surgical system."

“We knew that we needed a partner with a different skill set,” Gary Pruden, worldwide chairman of the global surgery group at New Brunswick, New Jersey-based J&J, said in a telephone interview. “We’re early in the partnership with Google life sciences. I would certainly say we have a multigenerational plan for the development for a fully capable product to bring to the market.”

There ya go. To think that JnJ and Google came together to buyout Titan and launch their product that they have been working on for 3+ years, rather than build their own from scratch, is just plain stupid


http://www.bloomberg.com/news/articles/2015-03-27/google-to-develop-robot-surgical-devices-in-pact-with-j-j