Topic: How To Invest

Pat: Have you ever looked at Titan Medical? It makes robots like Intuitive Surgical. Many thanks.

Article Excerpt

Titan Medical, $1.65, symbol TMD on Toronto (Shares outstanding: 62.3 million; Market cap: $102.8 million; www.titanmedicalinc.com), is developing its Amadeus Composer system, a surgical robot with flexible instruments. The device is designed to help surgeons operate in small spaces, such as in the ear, nose, throat and lungs. The company believes that it can profit in this area, which it feels is underserved by existing robotic systems. The company has completed prototypes of the pre-production system, and now plans to move forward to final design and testing. Titan expects to conduct tissue and animal feasibility studies by the end of the second quarter of 2012, with human clinical trials scheduled for the second half of 2013. Titan will then apply for regulatory approval in the second half of 2014. Titan feels it may be able to launch a commercial version of the Amadeus Composer in Europe and other countries outside North America in 2015. The company has not yet made any sales. On December…