Titan Medical Inc (TMDIF)

[BigT82]

Thanks!

MDT + TMDI to da moooon!!!

Vicarious acknowledges in the risk section of its merger paperwork that it is trying to enter a market with an entrenched incumbent, Intuitive, and a clutch of well-resourced new entrants such as J&J and Medtronic. Simply connecting with abdominal surgeons could be hard.

"Many of these key surgeons and hospitals already have long-standing relationships with large, well-known companies that dominate the medical device industry," Vicarious wrote. "Because of these existing relationships, some of which may be contractually enforced, surgeons and hospitals may be reluctant to adopt the Vicarious System."

Vicarious named Intuitive, J&J and Medtronic as its primary competitors and noted that its larger rivals may "possess the ability to commercialize additional lines of products, bundle products or offer higher discounts and incentives to customers in order to gain a competitive advantage."