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Medtronic And Titan Medical Sign Licensing, Development Agreements For Robotic Surgeries

 
• By Marion Webb

Medtronic has agreed to licensing and development agreements with cash-strapped surgical robotics company Titan receiving payments up to $31m pending certain milestones.

Surgery performed by robotic arm

Medtronic PLC and Toronto-based Titan Medical Inc. announced on 4 June that they have entered into a development and licensing agreement to further the development of robotic-assisted surgical technologies.

Under the agreement, Medtronic will pay Titan up to $31m for licensing technologies, provided the robotics surgery company reaches certain...

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