Titan Medical Inc (TMDIF)

[SMirza_007]

Mazor and Medtronic(Partnership to Acquisition)

May 2016

-Mazor & Medtronic partnership. (June 2020 Titan & Medtronic partnership)
-42 million. (Titan 41 million)
-Acquire 15 Mazor systems. (Acquire certain IP from Titan Medical Inc)
-Mazor to stay independent and will market its Renaissance(spine robot).
( Titan to market their own robot Enos)

August 2017(1 year 3months after a partnership with Medtronic)

-Move to the next phase with Medtronic earlier than expected.
( Titan completed 2 milestones already,3rd in May 2021 and 4th Sept 2021)
-Medtronic with worldwide distribution of the Mazor X system.
(Medtronic hold rights to certain IP of Titan Medical)

September 2018

-Medtronic to acquire Mazor Robotics for 1.64B.
-Medtronic held a stake of 11% before the buyout deal.

December 19th, 2018

Medtronic completes acquisition of Mazor Robotics

This is very similar to what is happening with the Medtronic and Titan partnership and once the milestones are complete then you will see the resemblance.