Titan Medical Signs IP Licensing Agreement With Intuitive Surgical
27 May 2023 - 5:33AM
Dow Jones News
By Emon Reiser
Titan Medical has signed an agreement granting Intuitive
Surgical with a non-exclusive license to intellectual property for
a portfolio of technologies aimed at enhancing robot-assisted
surgery.
The deal, announced Friday, pays Titan Medical $7.5 million
upfront and gives fellow surgical robotics company Intuitive
Surgical access to all of Titan Medical's IP, with the exception of
what has already been exclusively licensed to another party per a
June 2020 agreement.
Titan Medical would retain ownership of the IP and the right to
continue to develop, commercialize and license out to third-parties
technologies covered by the license.
Write to Emon Reiser at emon.reiser@wsj.com
(END) Dow Jones Newswires
May 26, 2023 15:18 ET (19:18 GMT)
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