TORONTO, ON --(Marketwired - August 22, 2017) - Titan Medical Inc. ("Titan" or the "Company") (TSX: TMD) (OTCQB: TITXF), a medical device company focused on the design, development and commercialization of a robotic surgical system for application in minimally invasive surgery ("MIS"), announces the signing of an agreement with Institut Hospitalo-Universitaire de Strasbourg ("IHU Strasbourg") in France for feasibility and validation studies to support Titan's regulatory applications for the SPORT Surgical System. These studies are expected to commence in the fourth quarter of 2017 and continue into 2018.
David McNally, President and CEO of Titan Medical, said, "We are thrilled to partner with IHU Strasbourg, one of Europe's premier research and training centers, for continued feasibility and validation studies for the SPORT system. IHU Strasbourg is well known for its Institute of Image-Guided Surgery and is perfectly suited to combine the know-how of renowned surgeons, scientists and healthcare experts in order to provide effective product evaluation, validation and surgical training. IHU Strasbourg is uniquely qualified with a stellar reputation, strong surgeon engagement and convenient access, which we believe will contribute positively to our planned commercialization activities."
"With the recent engagement of Florida Hospital Nicholson Center in Orlando and now IHU Strasbourg, we are well on our way to meeting our goal of securing three partner validation sites," added Mr. McNally.
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Prof. Jacques Marescaux, Chief Executive Officer of IHU Strasbourg, said, "The four pillars of IHU Strasbourg's mission are Patient Care, Innovation, Education and Technology Transfer. We are excited to be partnering with Titan Medical and combining our expertise to shape what could be the next frontier in minimally invasive surgery. IHU Strasbourg's close relationship with the IRCAD laparoscopic training center, which has headquarters in Strasbourg, could also allow Titan Medical future access to the rapidly growing global footprint of IRCAD's premier training facilities."
About the Institut Hospitalo-Universitaire Strasbourg, France
The Institut Hospitalo-Universitaire de Strasbourg with its Institute of Image-Guided Surgery is a unique medical and surgical center dedicated to the management of digestive diseases. The Institute of Image-Guided Surgery develops innovative surgery to deliver personalized patient care, combining the most advanced minimally invasive techniques and the latest medical imaging methods.
