INTERESTING that for a company that ran out of money and stopped development of their robot that they suddenly announce improvements to their instruments for their single port robotic system.
When did they do this? How could they have done this?
Or were they working on the design even while they apparently ran out of money and stopped development?
Titan Medical Reports Design Enhancements to Single-Port Robotic Surgical Instruments on Product Development Resumption
Source: Business Wire
Titan Medical Inc. (“Titan” or the “Company”) (TSX: TMD) (Nasdaq: TMDI), a medical device company focused on the design and development of single-port robotic surgical technologies, announces that it has completed design enhancements to instruments compatible for use with its single-port robotic surgical system. As previously disclosed, the Company resumed development of instruments for its single-port robotic surgical system in June 2020 following the completion of a financing for gross proceeds of US$18 million.
Mr. McNally, said, “We are pleased to report that based on our recent financing, we have already completed design improvements to the multi-articulating instruments and end effectors of our single-port robotic surgical system. The clinically inspired requirements for improvements resulted from data gathered during case observations and valuable surgeon feedback received during our previously announced successful preclinical studies. These design improvements are expected to enhance instrument strength and agility, efficiency of actuation, and durability for reprocessing, while reducing manufacturing costs.”
Concluding, Mr. McNally said, “We are grateful for the significant contributions of the expert team of engineers from Cambridge Design Partnership Ltd. (CDP), who continue to meet our expectations for excellence in product development, as anticipated when we announced our expanded engagement on January 6, 2020. Once financing was secured in June, CDP responded immediately to our request to expand their role. In the coming weeks, we look forward to laboratory testing prototypes of the improved instrument designs.”
SO LET ME GET THIS STRAIGHT. CAMBRIDGE STOPS ALL WORK ON SPORT. THEN SUDDENLY TITAN HAS THE MONEY TO PAY THEIR DEBT TO CAMBRIDGE. THEN SUDDENLY ENHANCEMENTS ARE MADE TO THE SYSTEM. REALLY?
But sorry Roll. You say shorters are in a pickle yet the pps keeps dropping daily. Stop with the predictions. You also said it would be a dollar.
