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Titan Medical secures $34.8 million from public offering

May 23, 2014

Titan Medical, a publicly-traded Canadian start-up company developing a robotic surgical system for minimally-invasive surgeries, announced the completion of two rounds of public offering totally $34.8 million.

The funds will enable Titan to focus totally on bringing their new system to commercialization in late 2015.

Titan Medical’s Single Port Orifice Robotic Technology (SPORT™) will be a surgeon-controlled single-incision robotic platform and 3D vision system. The system is currently being designed, developed and prepared for pre-clinical planning with the FDA and  initiating the outside-of-the-US CE approval process (early 2015). Titan, after securing the CE and as FDA trials are under way, plans to begin high volume production In the 2nd half of 2015.

Frank Tobe
guest author
Frank Tobe is the owner and publisher of The Robot Report, and is also a panel member for Robohub's Robotics by Invitation series.

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