Minute Insight: Titan Medical Cuts Costs As It Continues ‘Strategic Review’
The Canadian robotic surgery company is still working toward an FDA approval for its Enos single-access robotic surgery system, but is laying off 40 people in its Chapel Hill, NC, offices to save money.
You may also be interested in...
Operating on slim margins towards the launch of its Enos single port surgical robot, Titan Medical needs to refocus its efforts to succeed, according to its new CEO Cary Vance.
Bryan Hanson is now chairman, president and CEO of Zimmer Biomet. Rick Legleiter has moved from Universal Biosensors to Adherium Ltd, where he is now the chief executive officer.
Medtronic has agreed to licensing and development agreements with cash-strapped surgical robotics company Titan receiving payments up to $31m pending certain milestones.