Wednesday, August 05, 2020 10:47:05 PM
My front runner was JNJ - too many "coincidences" to list tonite but would be more then happy to throw them out in different post over the next couple of days. I actually thought the second option would be ISRG - i felt that if they could come in and maybe be willing to overpay for the technology, they could wrap up Single Port and widen their moat around their business for decades. I thought the risk might be too much for ISRG to let JNJ or Medtronic have it that they would just buy Titan. Medtronic to me was option three, they just seemed more committed to try and get their own robot done in house (think 10 iterations until they partnered with Titan). The first time I thought it could be Medtronic was Sept 2019 and their robot day, I saw what they had and thought Medtronic could really use Titan and if they got feedback that was consistently a big yawn from investors, it might set a fire under them that they would make a bold move.
All three options were options that I felt my investment would make money on and it ended up being option three and YES, I THINK MEDTRONIC CAME IN AND IS THE FRONT RUNNER NOW TO ACQUIRE TITAN. I believe something happened on the VERB/JNJ side, maybe the wrong decision, maybe they felt that they could build out their platform and maybe they still will but Medtronic has been working on it for 10 years. Verb/JNJ are only in year 5. I also believe that the door is not shut for JNJ b/c per the agreement that Titan and Medtronic has, Titan still owns 100% of SPORT Single Port Platform. I have also said for awhile now that Multi-ports are a dime a dozen or will be soon, THE DIFFERENTIATOR will be SINGLE PORT.
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