Titan Medical Signs Licensing Agreement with Auris Health
August 21 2023 - 8:19AM
Dow Jones News
By Robb M. Stewart
Canadian medical technology company Titan Medical entered a
licensing agreement with Johnson & Johnson's Auris Health
business covering certain intellectual property.
Titan under the agreement granted Auris a non-exclusive license
to a portion of its intellectual property.
The Toronto-based company, which developed a patent portfolio
related to the enhancement of robotic-assisted surgery, earlier
this year transitioned to an IP licensing company in an effort to
generate revenue from licensing existing patents. The move saw
Titan terminate research and development and it signed two
licensing agreements with two companies in the surgical robotic
industry for total upfront payments of $15.5 million.
Write to Robb M. Stewart at robb.stewart@wsj.com
(END) Dow Jones Newswires
August 21, 2023 08:04 ET (12:04 GMT)
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