MedTech Dive March 19, 2024
The combined company will focus on selling Conavi’s cardiovascular imaging system used in minimally invasive procedures.
Dive Brief:
- Imaging company Conavi Medical will acquire Titan Medical in a reverse takeover, the companies announced on Monday.
- The combined firm will focus on commercializing Conavi’s Novasight Hybrid System, a catheter-based device used to guide minimally invasive coronary procedures.
- The decision ends a strategic review for Titan, which is low on cash. Its board of directors approved a transition from developing robotic-assisted surgery technologies to evaluating new opportunities for its intellectual property, although Titan will retain the rights to develop its Enos surgical robot.
Dive Insight:
Toronto-based Titan has been building a single-port robotic surgery system. The company began looking at...
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