Titan Medical soars on pre-clinical program tie-up with Medtronic

Conavi Medical

12/09/2022 12:54

** U.S.-listed shares of Titan Medical  TMDI.O  jump ~60% to
74 cents before the bell 
    ** Medical device maker to collaborate with Medtronic
 MDT.N  for a pre-clinical program to evaluate performance of
several instruments and cameras used in gynecological procedures
 urn:newsml:reuters.com:*:nGNX7SHXpB 
    ** Adds that deal includes potential for future commercial
supply of instruments and cameras to Medtronic
    ** TMDI says deal also finalizes terms related to the
previously announced $2.6-million purchase order from MDT 
    ** As of last close, TMDI down ~25% YTD 

 (Reporting by Bhanvi Satija in Bengaluru)
 ((Bhanvi.Satija@thomsonreuters.com; Outside U.S. +91
9873062788;))