Microbot Medical Schedules Virtual Meeting to Address Increased Interest Following its Recent Announcement  

Rhea-AI Summary

Microbot Medical Inc. (NASDAQ: MBOT) will host a webinar on August 26, 2020, at 11:00 AM ET, following a successful presentation at the Needham Virtual Med Tech & Diagnostic Conference. CEO Harel Gadot will discuss the LIBERTY^TM Robotic System, which has achieved all endpoints in a recent feasibility animal study with no adverse events. The system's capabilities may enable catheter-based procedures to be performed remotely, enhancing clinical outcomes while minimizing risks like radiation exposure. Management will also address audience questions during the session.

Positive

• LIBERTY^TM Robotic System met all study endpoints without adverse events.
• Potential for the system to allow remote catheter-based procedures, reducing risks and enhancing outcomes.
• Webinar reflects strong interest in the company and its innovative technologies.

Negative

• None.

HINGHAM, Mass., Aug. 20, 2020 (GLOBE NEWSWIRE) -- Following its participation at the Needham Virtual Med Tech & Diagnostic conference, as well as the overwhelming interest generated since its recent announcement which included the outcome of a feasibility animal study with respect to the LIBERTY^TM Robotic System, Microbot Medical Inc. (Nasdaq: MBOT) will host a webinar on Wednesday, August 26, 2020 at 11:00am ET.  Harel Gadot, the Company’s CEO, President and Chairman, will share the Company’s view on the surgical robotic market, the results of the feasibility animal study, as well as other recent achievements. Additionally, members of the Company’s management team, including Dr. Eyal Morag, Chief Medical Officer, Simon Sharon, Chief Technology Officer and Eran Cohen, Senior Director of Business Development, will be available for a question and answer session.

To participate on the webinar, please register in advance at: https://zoom.us/webinar/register/WN_5JfsfM-aR4WVKdJncgGbvw. After registering, participants will receive a confirmation email containing information about joining the webinar.

The LIBERTY^TM Robotic System, which the Company believes to be the first fully disposable surgical robotic system, has met all of its end points with no intraoperative adverse events. This supports the Company’s vision of democratizing endoluminal procedures while enhancing clinical and economical outcomes. The LIBERTY^TM Robotic System has the potential to  allow physicians to conduct catheter-based procedure from outside the catheterization laboratory (cath-lab), avoiding radiation exposure, physical strain and the risk of cross contamination.  The study was performed by two leading physicians in the neuro vascular and peripheral vascular intervention spaces, and the results demonstrated robust navigation capabilities, intuitive usability and accurate deployment of embolic agents, most of which was conducted remotely from the cath-lab’s control room.

About Microbot Medical

Microbot Medical Inc. (NASDAQ: MBOT) is a pre-clinical medical device company that specializes in transformational micro-robotic technologies, focused primarily on both natural and artificial lumens within the human body. Microbot’s current proprietary technological platforms provide the foundation for the development of a Multi Generation Pipeline Portfolio (MGPP).

Microbot Medical was founded in 2010 by Harel Gadot, Prof. Moshe Shoham, and Yossi Bornstein with the goals of improving clinical outcomes for patients and increasing accessibility through the use of micro-robotic technologies. Further information about Microbot Medical is available at http://www.microbotmedical.com.

Safe Harbor

Statements pertaining to the registered direct offering, timing, the amount and anticipated use of proceeds and statements pertaining to future financial and/or operating results, future growth in research, technology, clinical development, and potential opportunities for Microbot Medical Inc. and its subsidiaries, along with other statements about the future expectations, beliefs, goals, plans, or prospects expressed by management, constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the Federal securities laws. Any statements that are not historical fact (including, but not limited to statements that contain words such as “will,” “believes,” “plans,” “anticipates,” “expects” and “estimates”) should also be considered to be forward-looking statements. Forward-looking statements involve risks and uncertainties, including, without limitation, market conditions and the satisfaction of customary closing conditions, risks inherent in the development and/or commercialization of potential products, including LIBERTY^TM, the outcome of its studies to evaluate the SCS and other existing and future technologies, uncertainty in the results of pre-clinical and clinical trials or regulatory pathways and regulatory approvals, uncertainty resulting from the COVID-19 pandemic, need and ability to obtain future capital, and maintenance of intellectual property rights. Additional information on risks facing Microbot Medical can be found under the heading “Risk Factors” in Microbot Medical’s periodic reports filed with the Securities and Exchange Commission (SEC) and in the prospectus supplement related to the registered direct offering to be filed with the SEC, which are or will be available on the SEC’s web site at www.sec.gov. Microbot Medical disclaims any intent or obligation to update these forward-looking statements, except as required by law.

Investor Contact:

Michael Polyviou
EVC Group
mpolyviou@evcgroup.com
732-933-2754

FAQ

What is the LIBERTY^TM Robotic System from Microbot Medical (MBOT)?

The LIBERTY^TM Robotic System is believed to be the first fully disposable surgical robotic system, designed to enhance clinical outcomes in catheter-based procedures.

When will Microbot Medical host its webinar about the LIBERTY^TM Robotic System?

The webinar will take place on August 26, 2020, at 11:00 AM ET.

Who will present at the Microbot Medical webinar?

CEO Harel Gadot and other members of the management team will present and answer questions during the webinar.

What were the results of the feasibility animal study for the LIBERTY^TM Robotic System?

The study demonstrated that the LIBERTY^TM Robotic System met all endpoints with no intraoperative adverse events, showcasing robust navigation capabilities and intuitive usability.

What are the potential benefits of the LIBERTY^TM Robotic System for medical procedures?

The system may enable remote catheter-based procedures, reducing radiation exposure, physical strain on physicians, and the risk of cross-contamination.