Titan Medical

Titan Medical developed the Enos single-access robotic-surgery platform and a related patent portfolio. It licensed technology to Medtronic in 2020, then sold selected patent rights and licensed additional IP in 2023.

Facts

Segment: Surgical
Country: CA

Timeline

2023-06-05 - Acquisition - Medtronic buys selected Titan Medical patent rights - Titan announced the asset purchase and licence agreement on June 5, 2023, with an upfront payment of US$8 million. Medtronic acquired patents it had previously licensed under the companies' 2020 agreements and received a non-exclusive licence to other Titan… - source: globenewswire.com
2020-06-04 - Partnership - Titan Medical signs development and licence agreements with Medtronic - Titan announced the agreements on June 4, 2020, with the contractual effective date recorded as June 3. The development programme covered robotic-assisted surgical technologies intended for use by both companies. Medtronic committed milestone payments of up… - source: sec.gov

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Relations

Medtronic - Licence Partner - Titan Medical licensed robotic-surgery technology to Medtronic and completed joint development work.

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