Titan Medical posts higher cash balance

Conavi Medical

24/03/2022 13:10

** Canada-based medical device developer  TMDI.O  says it
had cash and cash equivalents of $32.3 mln at the end of 2021,
compared with $25.5 mln in 2020  urn:newsml:reuters.com:*:nBw38dk7Ma
    ** Co has also begun search for a new CEO through a
"top-tier recruiting firm"
    ** David McNally had resigned as CEO in December, and
Chairman Paul Cataford had been named Interim president and CEO
 urn:newsml:reuters.com:*:nASA02UHM
    ** U.S. shares of the company rise 2% to 64 cents premarket;
stock up less than a pct. YTD through last close

 (Reporting by Ruhi Soni in Bengaluru;)
 ((Ruhi.Soni@thomsonreuters.com;
Twitter: https://twitter.com/ruhithere;))