Microbot Medical to Present the Self-Cleaning Shunt at the 16th Asian Australasian Congress of Neurological Surgeons

Rhea-AI Summary

Microbot Medical Inc. (Nasdaq: MBOT) will present its Self-Cleaning Shunt (SCS) at the 16th Asian Australasian Congress of Neurological Surgeons from September 6-8, 2022, in Jerusalem, Israel. The presentation will be led by Dr. Gustavo Rajz during the Neuro Innovation and Start-Up Symposium on September 7. The SCS aims to prevent cerebrospinal fluid obstructions in patients with hydrocephalus and has received FDA approval for an Early Feasibility Study. For further inquiries or demonstrations, contact the company via email.

HINGHAM, Mass., Aug. 18, 2022 (GLOBE NEWSWIRE) -- Microbot Medical Inc. (Nasdaq: MBOT), announced that it will be presenting the Company’s Self-Cleaning Shunt (SCS) at the 16^th Asian Australasian Congress of Neurological Surgeons (AACNS). The AACNS is hosted by the Israel Neurosurgery Society and is being held from September 6^th – 8^th in Jerusalem, Israel.

Dr Gustavo Rajz, Head of Pediatric Neurosurgical Unit at Shaare Zedek Medical Center, Jerusalem, will be hosting a live presentation of the Self-Cleaning Shunt in the Neuro Innovation and Start-Up Symposium, which is being held on September 7^th. Additionally, Or Samoocha, Director and R&D Project Manager at Microbot, is scheduling one on one meetings with physicians to further introduce and demonstrate the latest developments of the Company’s SCS technology and to gain additional clinical input. For those interested in learning more about the SCS or are interested in a meeting/demonstration, please email the Company at events@microbotmedical.com. Please note that due to limited availability, some meeting requests may not be fulfilled during the conference, however, a virtual meeting can be arranged.

The SCS is being designed to be a transformative device which prevents obstruction in the cerebrospinal fluid (CSF) catheters implanted in the ventricle of the brain of patients who suffer from hydrocephalus or Normal Pressure Hydrocephalus (NPH). In January 2021, following a successful pre-submission meeting with the U.S. Food and Drug Administration (FDA), the Company is allowed to apply for a limited clinical investigation known as an Early Feasibility Study (EFS), which is designed for novel technologies such as the SCS.

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 as 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, risks inherent in the development and/or commercialization of potential products, including LIBERTY and SCS, the outcome of its studies to evaluate LIBERTY, SCS and other existing and future technologies, any failure or inability to recruit physicians and clinicians to serve as primary investigators to conduct the SCS’s EFS which could adversely affect or delay the EFS, 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), which are 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 Microbot Medical Self-Cleaning Shunt (SCS)?

The Self-Cleaning Shunt is a medical device designed to prevent obstructions in cerebrospinal fluid catheters for patients with hydrocephalus.

When will Microbot Medical present the SCS?

The SCS will be presented at the 16th Asian Australasian Congress of Neurological Surgeons from September 6-8, 2022.

Who is hosting the presentation of the SCS?

Dr. Gustavo Rajz, Head of Pediatric Neurosurgical Unit at Shaare Zedek Medical Center, will host the presentation.

What is the significance of the SCS for patients?

The device aims to improve treatment outcomes by preventing cerebrospinal fluid obstructions, which is crucial for patients suffering from hydrocephalus.

How can interested parties learn more about the SCS?

Interested individuals can email the company at events@microbotmedical.com to request more information or schedule a demonstration.

What FDA approval did Microbot Medical receive for the SCS?

The company received approval to apply for an Early Feasibility Study for the SCS after a successful pre-submission meeting with the FDA.