Titan Medical Inc (TMDIF)

[TheMint]

MDT Surgical Robot Delayed; Positive For ISRG

Interesting:

Medtronic reported FY3Q18 results this morning. On the call, the company pushed back its timeline for asurgical robotic launch. The company [was targeting first ­in ­human] sometime over the next couple of months or in late FY18 ended April 2018. There were no specific comments made with respect to the timing ofthe full launch, but we expect it will be delayed versus the FY19 guidance given that the final software and hardware integration testing is taking longer­ than­ anticipated