Imaging company Conavi Medical will acquire Titan Medical in a reverse takeover, the companies announced. 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.
Read the full article: Titan Medical to Merge with Imaging Firm Conavi, Ending Strategic Review //
Source: https://www.medtechdive.com/news/titan-medical-merge-imaging-conavi-strategic-review/710699