Titan Medical Inc (TMDIF)

[longtermgems]

FACT: JNJ has disclosed that it was developing its own surgical robot during an analyst day in May 2014.

Rockotaco, you are delusional if you continue to deny the obvious and think JnJ will buy titan. Unreal. Wake up!

"J&J has a partnership with Intuitive Surgical (NSDQ:ISRG) for surgical tools like tissue cutters and sealers, said Gary Pruden, chairman of J&J’s global surgery group, but is also working on its own version of a robot-assisted surgical platform.

"We’re early, but we have some plans that we’re moving forward with," Pruden said today. "There are opportunities not just for lower costs, but improvements in functionality, ease of use and movement within the OR."

"There’s a lot of unmet need based on the current model of robotics," added Ethicon chairman Michael del Prado, who stressed that the cost/benefit analysis for certain laparoscopy procedures like cholecystectomy might rule out robotics for those surgeries.

Citing the computer industry, which today makes computers as powerful as the room-sized machines of 50 years ago, Pruden said, robot-assisted surgery is in its early days in terms of the devices’ size and capabilities.

"You’re going to get to the point where it’s going to be be laptop-size," he predicted.

http://www.massdevice.com/jjs-pipeline-include-30-major-medical-devices-and-surgical-robot/