Titan Medical Inc (TMDIF)

[66Mustang]

So this is even more strange...

Per your link, the Hugo trademark for Medtronic was abandoned Sept. 30, 2019. They debuted Hugo on Sept. 24, 2019, less than a week earlier. Was the reception for their 6-pod floor-hogging system so poor that they had to change course immediately?

They have not mentioned the abandonment to the press, as they have continued to assume Medtronic is still moving forward on it despite very little indication from Medtronic that this is true.

From Feb 13, 2020:
https://www.medtechdive.com/news/medtronic-buy-digital-surgery-ai-hugo-robot/572259/

Medtronics only comment on the Digital Surgery acquisition is very vague, with no Hugo reference. The author presumes a ton about Hugo but there's more "it seems" and "could be" statements by the author. After all, Medtronic had given no public indication of Hugo's status since a week before the trademark was abandoned! Until the article below about the delays, after other prior delays.

And from a month ago:
https://www.medtechdive.com/news/medtronic-earnings-call-coronavirus-updates/578498/
This makes it sound like they may still be trying to get something to market; pre-COVID estimates were to get to market in fall of 2022! Now, with delays... who knows!

A look at Titan's MD&A from late last year shows their original plan was to submit 510(K) app in Q4 2019, and Plan and Prep for commercialization in Q2 2020. The subsequent notes says they believe the financial situation would push their schedule out by appx. 18 months. So we were WAY ahead of Hugo by any reasonable measure, and even with delays would still be well ahead. Now if Medtronic is integrating Titan tech into their project, that pushed things out even further. However, we might also be pursuing additional engineering changes at the behest of their new overlord! Again, who knows...

And from the beginning of the same article, we have Mr. Martha stating that he plans to be more aggressive with tuck-in acquisitions! I looked that up (Investopedia): " A tuck-in acquisition involves a larger company completely absorbing another, usually smaller, company and completely integrating it into the acquirer's platform. ... Tuck-in acquisitions are usually executed in order to grow the acquiring company's market share or resource base." Sounds like just what I want to see at this point!

Please keep digging and keep sharing!


Message in reply to:

Thanks for your comment,as I am still digging up more tidbits.Teamwork is what we need and more of it.

For your dd...back after while...still reading.

Thanks Roll

https://trademarks.justia.com/869/27/hugo-86927387.html