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Last C$1.77 CAD
Change Today -0.04 / -2.21%
Volume 31.2K
TMD On Other Exchanges
As of 2:08 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

titan medical inc (TMD) Snapshot

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04/7/14 - C$2.76
52 Week Low
11/18/14 - C$1.12
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titan medical inc (TMD) Details

Titan Medical Inc., a development stage company, is engaged in the design and development of robotic surgical system for application in minimally invasive surgery (MIS). It is developing Single Port Orifice Robotic Technology (SPORT) Surgical System, a single-incision robotic surgical system that comprises a surgeon-controlled robotic platform that includes a 3D vision system and interactive instruments for performing MIS procedures, and a surgeon workstation that provides the surgeon with an interface to the robotic platform for controlling the interactive instruments and providing a 3D endoscopic view of inside a patient’s body during MIS procedures. The SPORT Surgical System is being designed to expand robotic surgery into areas of surgical specialties and simple and complex procedures that are under-serviced, and to allow surgeons to perform procedures within small to medium size surgical spaces, such as general surgery and cholecystectomy. Titan Medical Inc. has strategic development relationship with Ximedica LLC in connection with the development of the SPORT Surgical System. The company is headquartered in Toronto, Canada.

titan medical inc (TMD) Top Compensated Officers

Chairman, Chief Executive Officer and Member ...
Total Annual Compensation: C$167.0K
President, Director and Member of Audit Commi...
Total Annual Compensation: C$236.9K
Chief Financial Officer and Secretary
Total Annual Compensation: C$156.8K
Compensation as of Fiscal Year 2013.

titan medical inc (TMD) Key Developments

Titan Medical Inc. Adopts Amendment to By-Laws Requiring Advance Notice of Nomination of Directors

Titan Medical Inc. announced that it has adopted an amendment to its by-laws, similar to by-law amendments and policies recently adopted by a number of other Canadian public companies, requiring advance notice to the Company for nominations of directors by shareholders other than through a requisitioned meeting or shareholder proposal pursuant to applicable corporate laws. The by-law amendment is not intended to discourage director nominations. Rather it is intended to facilitate orderly and efficient meetings at which directors are to be elected and to permit shareholders to exercise their voting rights in an informed manner by allowing them to receive sufficient information with respect to all director nominees and reasonable time for appropriate consideration. The by-law amendment provides shareholders, directors and management of the Company with a clear framework for nominating directors in an orderly and fair manner. The by-law amendment fixes a deadline by which holders of record of common shares of the Company must submit director nominations to the Company prior to any annual or special meeting of shareholders and sets the information that a shareholder must include in the notice to the Company for the notice to be in proper written form in order for any director nominee to be eligible for election at any annual or special meeting of shareholders. In the case of an annual meeting of shareholders, notice to the Company must be made not less than 30 nor more than 65 days prior to the date of the annual meeting; provided, however, that in the event that the annual meeting is to be held on a date that is less than 40 days after the date on which the first public announcement of the date of the annual meeting was made, notice may be made not later than the close of business on the 10th day following such public announcement. In the case of a special meeting of shareholders (which is not also an annual meeting), notice to the Company must be made not later than the close of business on the 15th day following the day on which the first public announcement of the date of the special meeting was made. The by-law amendment is effective from March 20, 2015 and will be presented for confirmation by shareholders at the Company's next annual shareholders meeting to be held in 2015.

Titan Medical Inc. Completes the Next Step in the Development of the SPORTTM Surgical System

Titan Medical Inc. completed the next step in the development of the SPORTTM Surgical System - the design and test of a feasibility prototype. It demonstrates feasibility to build a next generation workstation and advanced instruments, and it enables expanded use of the SPORT Surgical System.

Titan Medical Inc. Announces Audited Earnings Results for the Year Ended December 31, 2014

Titan Medical Inc. announced audited earnings results for the year ended December 31, 2014. Net and comprehensive loss for the fiscal year ended December 31, 2014 was $13,450,261 compared to a net loss of $8,784,993 for the fiscal year ended December 31, 2013. The increase in net and comprehensive loss for the year ended December 31, 2014 compared to December 31, 2013 is due primarily to the increase in ongoing spending related to the continued research and development of the SPORT(TM) Surgical System.


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