Titan Medical Inc.

Equities

TMD

CA88830X8199

Advanced Medical Equipment & Technology

Market Closed - Toronto S.E. Other stock markets 09:30:00 2024-07-17 am EDT			5-day change	1st Jan Change
0.055 ^CAD	-8.33%		+10.00%	-31.25%

Jul. 05	Titan Medical Brief: Again Amending Amalgamation Agreement with Conavi Medical Inc.	MT
May. 29	Titan Medical Amends Amalgamation Agreement with Conavi Medical; Pushes Back Annual General and Special Meeting	MT

Titan Medical Receives Milestone Net Payment of $8.3M

January 26, 2022 at 10:29 am EST

By Adriano Marchese

Titan Medical Inc. said Wednesday that it has received a final milestone net payment of $8.3 million from Medtronic PLC.

The Toronto-based medical technology company said the payment comprises $10 million payment for achieving the final milestone under the development and license agreement, as well as $600,000 related to certain other costs.

The company said a portion of the funds were used to retire its $2.3 million senior secured loan with Medtronic.

In early June of 2020, Titan Medical entered into a development and license agreement with Medtronic to advance certain robotic-assisted surgical technologies for use by both companies.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

01-26-22 1028ET

Latest news about Titan Medical Inc.

Titan Medical Brief: Again Amending Amalgamation Agreement with Conavi Medical Inc.	Jul. 05	MT
Titan Medical Amends Amalgamation Agreement with Conavi Medical; Pushes Back Annual General and Special Meeting	May. 29	MT
Titan Medical Brief: Amending Amalgamation Agreement with Conavi Medical Inc.	May. 29	MT
Titan Medical Brief: Says It and Conavi are "Both Working on Satisfying the Closing Conditions" As Outlined in the Amalgamation Agreement	May. 17	MT
Titan Medical Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024	May. 13	CI
Titan Medical Provides Update on Merger with Conavi	Apr. 22	MT
Titan Medical Brief: Providing Update on Planned Merger with Conavi	Apr. 22	MT
Titan Medical Brief: Upon receipt of the full US$2 million, the Contractor will deliver outstanding material, inventory, and works-in-progress to Titan	Apr. 01	MT
Titan Medical Brief: Under terms of the settlement, Co has agreed to pay the Contractor an aggregate of US$2 million, with final payment installment to be made on or before June 24, 2024	Apr. 01	MT
Titan Medical Brief: Says Entered into a settlement agreement with a contract manufacturer	Apr. 01	MT
Titan Medical Reports Fiscal Year 2023 Results	Apr. 01	MT
Titan Medical Inc. Reports Earnings Results for the Full Year Ended December 31, 2023	Apr. 01	CI
Transcript : Conavi Medical Inc., Titan Medical Inc. - M&A Call	Mar. 27
Titan Medical Announces Merger Agreement with Conavi Medical Inc.	Mar. 18	MT
Titan Medical Brief: Announcing Merger Agreement with Conavi Medical Inc.	Mar. 18	MT
Conavi Medical Inc. entered into a definitive amalgamation agreement to acquire Titan Medical Inc. for $69.8 million in a reverse merger transaction.	Mar. 17	CI
Titan Medical Brief: Adds It Has Rejected Benchmark's allegation that Titan breached the agreement	Dec. 01	MT
Titan Medical Brief: Says "Did not receive delivery from Benchmark of manufactured Enos Surgical System units and disputes that Benchmark has grounds for the termination"	Dec. 01	MT
Titan Medical Brief: Announcing Benchmark Electronics, Inc. Purported To Terminate Agreement	Dec. 01	MT
Titan Medical Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	Nov. 02	CI
Toronto Stocks Slide; Mogo Shares Rise on Share-Buyback Program	23-08-21	DJ
Titan Medical Signs License Agreement with Auris Health, Inc.	23-08-21	MT
Titan Medical Signs Licensing Agreement with Auris Health	23-08-21	DJ
Titan Medical Brief: Signing License Agreement with Auris Health, Inc.	23-08-21	MT
Titan Medical Signs License Agreement with Auris Health, Inc	23-08-21	CI

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Company Profile

Titan Medical Inc. is a medical technology company. The Company is focused on the development and commercialization of surgical technologies for single access robotic assisted surgery (RAS) requiring only a single patient access point. It has integrated technology into the Enos surgical system with the purpose of enhancing the robotic assisted surgical experience for surgeons. The Enos surgeon workstation includes a three dimensional (3D) high-definition display to provide a crucial balance of surgical immersion and situational awareness in the operating room. The display is mounted to the ergonomic workstation with a natural handle interface designed to deliver and support comfortable surgical posture, even during long procedures. The Company's multi-articulated instruments bring fluid flexibility and strength to position the end effectors for grasping, suturing, cutting and coagulation.

Sector

Advanced Medical Equipment & Technology

Calendar

2024-08-07 - Q2 2024 Earnings Release (Projected)

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