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Last C$1.59 CAD
Change Today +0.01 / 0.63%
Volume 51.1K
TMD On Other Exchanges
As of 3:50 PM 07/30/15 All times are local (Market data is delayed by at least 15 minutes).

titan medical inc (TMD) Snapshot

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52 Week High
07/30/14 - C$2.53
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, focuses on design and development of robotic surgical system for application in minimally invasive surgery (MIS). The company is developing Single Port Orifice Robotic Technology (SPORT) Surgical System, a single-port/single-incision robotic surgical system that comprises a surgeon-controlled robotic platform, which includes a 3D vision system and interactive instruments for performing MIS procedures. Its SPORT Surgical System also includes 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 simple and complex areas of surgical specialties that are under-serviced, and to allow surgeons to perform procedures within small to medium size surgical spaces for general abdominal, gynecologic, and urologic indications. The company has in-licensing relationships with Live Data, Inc., for its LiveData RTI Server technology; the Mayo Foundation for medical education and research for a surgical stapler delivery system; and Columbia University for a single-port robotic surgical system for use in single-port surgery. Titan Medical Inc. is headquartered in Toronto, Canada.

6 Employees
Last Reported Date: 02/10/15

titan medical inc (TMD) Top Compensated Officers

Chairman, Chief Executive Officer and Member ...
Total Annual Compensation: $145.0K
President and Director
Total Annual Compensation: $213.8K
Chief Financial Officer and Secretary
Total Annual Compensation: $162.3K
Executive Vice President of Clinical and Regu...
Total Annual Compensation: $114.6K
Compensation as of Fiscal Year 2014.

titan medical inc (TMD) Key Developments

Titan Medical Inc. Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2015

Titan Medical Inc. reported unaudited earnings results for the first quarter ended March 31, 2015. The company’s foreign exchange loss for the three months ended March 31, 2015 was $1,537,867 compared to a loss of $52,726 for the three months ended March 31, 2014. This increase in foreign exchange loss is due to the significant weakening of the Canadian dollar against the U.S. dollar. Net and comprehensive loss for the three months ended March 31, 2015 was $9,126,268 compared to net and comprehensive loss of $3,610,943, for the three months ended March 31, 2014.

Titan Medical Inc. Proposes Amendment to By-Law

Titan Medical Inc. announced that at the AGM to be held on June 9, 2015, the shareholders will consider the adoption of an amendment to By-Law No 1.

Titan Medical Inc. Signs Agreement with Worldwide Supplier of Single Patient Use Robotic Tools

Titan Medical Inc. announced that it has signed an agreement with a worldwide supplier of endomechanical devices for the development and supply of single patient use robotic tools. Under the terms of the agreement, the supplier will create customized single patient use tools for Titan's SPORTTM Surgical System.


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