Titan Medical inks instruments deal with Cadence Device

Titan Medical (CVE:TMD) said today that it inked a deal with Cadence Device for instruments for its Sport robot-assisted surgery platform.

The deal calls for Cadence to develop, manufacture and manage the supply chain for the instruments, Toronto-based Titan said.

“We are very excited to partner with Cadence, a leading contract manufacturer in the medical field. Their proven level of expertise will be key for the development and manufacture of innovative multi-articulating instruments, which are important for Titan’s success as we move closer to the commercialization of the Sport surgical system,” Titan chairman & CEO John Hargrove said in prepared remarks.

“We are pleased to partner with Titan to help design and build the instrumentation for the Sport surgical system. We are very impressed with what Titan is preparing to bring to the market and look forward to playing a key role in the continued advancement of this novel robotic system,” added Cadence president & CEO Alan Connor.

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