Follow the Money to Medical Devices & Diagnostics
Spotlight on Titan Medical, Inc.

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Follow the Money to Medical Device & Diagnostic Opportunities highlights a newly funded medical device or diagnostic company. This includes important insights into the featured company’s product pipeline, manufacturing and business relationships, and likely sourcing opportunities.

Titan Medical, Inc. is a public company based in Canada that designs and develops robotic surgical systems for applications in minimally invasive surgery. It plans to raise $17.3 million in the completion of a secondary public offering as reported in the PharmSource Lead Sheet on June 15, 2017.

Corporate Highlights

  • Titan Medical was incorporated in Ontario, Canada
  • Corporate Headquarters: Toronto, ON, Canada
  • Stock Exchange: Canadian National Stock Exchange (CNSX)
  • Stock Symbol: TMD

Sourcing Opportunities

  • Titan Medical plans to use the proceeds to support the development of its SPORT Surgical System:

Device: Sport Surgical System™
Development Phase: Pre-feasibility studies
Medical Specialty: Gynecology/Obstetrical (OB/GYN); Surgery; Urology/Nephrology
Purpose: Device – Therapeutic/Interventional
Type: System/System accessory
Description: A single port robotic surgical system designed for use in general abdominal, gynecologic and urologic surgical procedures.

Previous Financings:

  • March 2017: $6 million in a completed private equity placement
  • September 2016: $8 million in a completed secondary public offering
  • June 2016: $16 million in a completed private equity placement
  • February 2016: $1.57 million in a completed secondary public offering

Medical Device & Diagnostics Pipeline1

Product Candidate Indication Medical Specialty Purpose Type Status
Sport Surgical System Abdominal, Gynecologic & Urologic surgical procedures Gynecology/Obstetrical (OB/GYN); Surgery; Urology/Nephrology Device – Therapeutic/
Interventional
System/System accessory Pre-feasibility studies

1Source: PharmSource Lead Sheet

Contact Information

Titan Medical, Inc. Key Officers
170 University Drive, Suite 1000 David J. McNally, President & CEO
Toronto, ON, M5H 3B3 Canada James Shore, Director, Quality
Phone: 416-548-7522 Perry A. Genova, PhD, VP, R&D
Web: www.titanmedicalinc.com Curtis R. Jensen, VP, Quality & Regulatory Affairs

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Scotty is a Research Analyst at PharmSource. He holds a BS degree in Biology from George Mason University and an MPH degree from Eastern Virginia Medical School. He’s experienced in data collection, analysis and management, and has done laboratory analysis and safety program development.

More posts by Scotty Chung-Siu