The SPORT Surgical System can easily perform complex and intricate procedures.
TORONTO, ONTARIO--(Marketwired - Oct. 9, 2013) -
Titan Medical Inc. ("Titan" or the "Company") (TSX VENTURE:TMD)(OTCQX:TITXF) has posted a video on its website illustrating the impressive dexterity of the "snake-like" robotic instruments of its Single Port ####### Robotic Technology (SPORT™) Surgical System. The video shows how the SPORT™ Surgical System can easily enter a small 25 mm opening such as a narrow-necked bottle, how the 3D high definition camera is deployed and how the robotic instruments can string small beads on a thin needle. This exercise proves how easily the SPORT™ Surgical System can enter a human ####### and successfully conduct surgical procedures that require great dexterity. The video is narrated by Dr. Dennis Fowler, who is responsible for clinical affairs and Titan's regulatory approval process plan, including its pre-clinical and clinical testing strategy. Dr. Fowler is working closely with the Clinical and Regulatory Affairs department of Ximedica, Titan's development partner of record, in solidifying Titan's clinical strategy for the regulatory review and approval by the U.S. Federal Drug Administration (FDA) and by the European Union of the SPORT™ Surgical System.
"This video clearly illustrates the incredible dexterity of the instruments of the SPORT™ Surgical System. The bottle neck entry and the bead stringing exercise performed by the SPORT™ Surgical System is evidence of how this robotic surgery system will be able to successfully complete intricate complex surgical procedures in a small body cavity space. Such flexibility is expected to result in the SPORT™ Surgical System becoming the surgical system of choice for surgeons and hospitals in the United States and the European Union," stated Titan CEO John Hargrove.
Titan is now solely focused on the SPORT™ Surgical System given its greater flexibility, lower price and smaller footprint compared to the currently available robotic system. Going forward, all Titan's efforts will be concentrated on developing and commercializing the SPORT™ Surgical System by 2015. Consequently, Titan has placed Amadeus, its multi-port surgical system, on the back burner.
Ximedica is a full service ISO 13485 certified and FDA registered product development firm with an exclusive focus on medical products. With more than 25 years of experience developing medical devices, combination products and consumer healthcare products, Ximedica's client base spans the globe and ranges from start-ups to the world's largest medical device manufacturers. Ximedica's mission is to create products that meet international regulatory requirements and strategic business goals. For more information, visit the Company's website atwww.ximedica.com.
About Titan Medical Inc.
Titan Medical Inc. is a Canadian public company (TSX VENTURE:TMD)(OTCQX:TITXF) focused on the design and development of a robotic surgical system for application in minimally invasive surgery ("MIS"). The Company's robotic surgical system, currently under development, comprises a surgeon-controlled robotic platform that includes a 3D vision system and interactive instruments for performing MIS procedures, and 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 robotic surgical system is being designed to expand robotic surgery into areas of surgical specialties and simple and complex procedures that are currently under-serviced, and to allow surgeons to perform procedures within small to medium size surgical spaces such as general surgery and cholecystectomy. For more information, visit the Company's website at www.titanmedicalinc.com.
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