Titan Medical closes $2m deal with Chinese investor

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Titan MedicalTitan Medical (TSX:TMD) said today that it closed a deal with Longtai Medical to convert a $2 million distributorship deposit to equity. The move makes Longtai the robotic surgical company’s largest shareholder.

In May of 2015, Titan Medical and Longtai, a subsidiary of Chinese medical device distributor Ningbo Long Hengtai International Trade Co., inked a deal to make Longtai the company’s exclusive distributor of its Sport robotic surgical platform in China.

Get the full story at our sister site, MassDevice.

DeviceTalks West: Expertise you need to know

textadimage Medical device suppliers are light years away from the days when they merely filled orders to spec for medtech OEMs – as a visit to the upcoming DeviceTalks West will quickly confirm.

From incorporating steerability into catheters to getting validation and testing done right, the companies serving the medical device industry have become specialized experts in their own right.

Read on to discover five example of medical device expertise to be had at DeviceTalks West, which runs Dec. 11–12 in Orange County, Calif.

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