MDT - Titan Medical +18% on $10M payment received from Medtronic

Titan Medical (TMDI) +18% has completed the first technical milestone under the development and license agreement with Medtronic (MDT), and is due to receive a U.S. $10 million payment. The company will receive a series of payments totaling up to U.S. $31 million for Medtronic’s license to such technologies, as technology milestones are completed and verified.The U.S. $10 million payment for completion of the first technical milestone represents the first of these payments. Source: Press Release

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Titan Medical +18% on $10M payment received from Medtronic