Titan Medical Inc (TMDIF)

[doomdevice]

Medtronic only has an exclusive license for some of the IP and Titan still retains rights to use all their IP, they just can't license the Medtronic exclusive IP to anyone else. If another party was to acquire Medtronic through BO they would get rights to all the IP (depending on deal obviously), including being able to use any IP licensed to Medtronic.

Titan could also partner with someone else for manufacturing/distribution and still use 100% of their IP. The only limiting factor of the Medtronic agreement is that Titan can't license that exclusive IP to another third part to go use on their own.