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Monday, May 10, 2021 11:02:16 AM
As for them bring in a bod negotiating position, I came up with a theory which may or may not hold any water at all, but could make for an interesting conversation...
ISRG really owns the market at this point for soft tissue general surgery robotic systems. Trixie/Asenseless/whatever you want to call them was approved in Europe over ten years ago and still can't sell squat for systems; only moving a few now by license agreements instead of sales. Hardly competition for ISRG. But when Hugo is approved, there is suddenly some real competition in the market. Therefore, ISRG is no longer a monopoly, and if they were to lob in an offer on Titan, it isn't entirely an antitrust violation because they are no longer a monopoly when Hugo hits the market. I like the idea of a bidding war; I also like the idea of MDT jumping ahead and buying us SOON so the bidding war can't happen!
Point being, they may be in a better negotiating position than we realize.
Message in reply to:
I agree the football reference was foolish. I think the overall take is what I agree with him on. It's very hard to bring a soft tissue robot to market. Titan is 3 years away from any revenue if they go it alone. Everybody knows they cant, so they aren't in good negotiating position. I get the whole 160+ patents, but just because it works on paper or in theory doesn't mean it works in practice. They don't have a working robot after 10 years should scare anybody who thinks $5b offers are in coming.
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