Conavi Medical Corp V.TMD

Primary Symbol: T.TMD

Healthcare Medical Devices

Conavi Medical Corp., formerly Titan Medical Inc., is a Canada-based company. The Company is focused on designing, manufacturing, and marketing imaging technologies to guide common minimally invasive cardiovascular procedures. The Novasight Hybrid System is intended for intravascular imaging of coronary arteries and is indicated in patients who are candidates for transluminal interventional procedures. Its Novasight Hybrid System combines both intravascular ultrasound (IVUS) and optical coherence tomography (OCT) to enable simultaneous and co-registered imaging of coronary arteries. Hybrid IVUS and OCT imaging provides additional information over single modality imaging in complex lesions. The versatility of hybrid imaging is useful for a variety of complex percutaneous coronary intervention (PCIs), including situations where the customer may want to image large ostial lesions with IVUS but also use OCT for diseased distal lesions and/or stent assessment.

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Conavi Medical Corp

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Post by bayoubuckson Feb 03, 2016 4:45pm

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Post# 24521744

New equity financing?

I just sent Hargrove and email asking him what the heck is going on with the financing! This was in the 11/16/15 NR:

The Company intends to use the net proceeds of the Offering to build five first-in-human units of its SPORT™ Surgical System, and for working capital and other general corporate purposes.

Now he's saying the financing is to build the first three units! Do they have any clue about budgeting? Apparently not. Wonder how far down we'll open in the morning this time.

Comments?

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