Conavi Medical Corp 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 > TMD Titan Medical merger with Conavi is great news for share

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Comment by Pandoraon Oct 08, 2024 5:39pm

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RE:TMD Titan Medical merger with Conavi is great news for share

A 25 for 1 consolidation suggests a price around $1.25 to $1.50 based on a current 5 cents, maybe 6 cents. The name will change to Conavi and the transaction is expected to close on October 11, 2024 (Friday) so it should open on Monday under the new name and price.

What are the views for the new company? Growth from the get go or a slide backwards? Consolidations never seem to have a positive tilt.

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