Titan Medical Inc (TMDIF)

[SMirza_007]

This transaction builds on a relationship originated in May 2016 (Titan/Medtronic partnership June 2020) under a multi-phased strategic and equity investment agreement between Medtronic and Mazor. In August 2017(Sept 2021 Medtronic expands partnership with Titan), Medtronic expanded the partnership to become the exclusive worldwide distributor of the Mazor X system(ENOS Robotic System), leading to the successful installation of more than 80 Mazor X systems since launch. With today's announcement bringing the two companies together, Medtronic aims to accelerate the advancement and adoption of RAS in spine(Single Port Robotics) to the benefit of patients, providers, and the healthcare system more broadly.


Source: https://newsroom.medtronic.com/news-releases/news-release-details/medtronic-acquire-mazor-robotics