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Microbot Medical Announces Brigham and Women's Hospital as a Site for its Pivotal Human Clinical Trial The Site Initiation Visit for the BWH clinical staff is complete and a shipment of LIBERTY investigational units was

Key Takeaway: Microbot Medical Inc. announced that Brigham and Women's Hospital will serve as a key site for its pivotal human clinical trial of the LIBERTY Endovascular Robotic Surgical System. The Site Initiation Visit has been completed, with BWH clinical staff trained on the protocols and investigational units delivered. Dr. Dmitry Rabkin will act as the principal investigator at BWH, and the company aims to involve additional leading centers in the trial. This system is positioned to enhance endovascular procedures significantly.

Market Sentiment Analysis

POSITIVE FACTORS

  • Brigham and Women's Hospital is a prestigious site for the clinical trial.
  • The LIBERTY robotic system aims to improve surgical procedures and patient outcomes.
  • The site initiation visit was successfully completed, indicating good progress.
  • The hospital's commitment to research aligns with Microbot's innovative goals.

CONCERNS & RISKS

  • The company's future studies may face delays due to various uncertainties.
  • Risks are inherent in the development and commercialization of new medical technologies.
  • Potential challenges in recruiting clinical investigators could hinder trial progress.
  • Ongoing geopolitical tensions may impact the company's operations.

Full Press Release Details

Medical Announces Brigham and Women's Hospital
a Site for its Pivotal Human Clinical Trial
Site Initiation Visit for the BWH clinical staff is complete and a shipment of LIBERTY investigational units was delivered
Mass., June 17, 2024 - Microbot Medical Inc. (Nasdaq: MBOT) today announces that Brigham and Women's Hospital (BWH),
a leading academic medical center located in Boston, Massachusetts, will participate as a clinical trial site for the pivotal human clinical
trial as part of its Investigational Device Exemption ("IDE") application for its LIBERTY Endovascular Robotic
Surgical System. Dr. Dmitry Rabkin, MD, PhD (Assistant Chief, Division of Angiography & Interventional Radiology) has been selected
as principal investigator at BWH. "We are excited to participate in the clinical evaluation of this innovative technology,"
said Dr. Rabkin. BWH has completed the Site Initiation Visit, during which BWH clinical staff was trained on the clinical study protocols.
In addition, a shipment of LIBERTY investigational units arrived at BWH this week for the clinical trial.
are pleased to work with Dr. Rabkin and the team at Brigham and Women's Hospital on this clinical study." commented Harel
Gadot, CEO, President and Chairman of Microbot Medical. "We believe their commitment to research and the advancement of science
make them an ideal clinical study site."
Company is in the process of engaging additional leading centers to participate in the clinical trial.
Medical Inc. (NASDAQ: MBOT) is a clinical- stage medical device company that specializes in transformational micro-robotic technologies,
with the goals of improving clinical outcomes for patients and increasing accessibility through the natural and artificial lumens within
Investigational LIBERTY Endovascular Robotic Surgical System aims to improve the way surgical robotics are being used
in endovascular procedures today, by eliminating the need for large, cumbersome, and expensive capital equipment, while reducing radiation
exposure and physician strain. The Company believes the LIBERTY Endovascular Robotic Surgical System's remote operation
has the potential to be the first system to democratize endovascular interventional procedures.
information about Microbot Medical is available at http://www.microbotmedical.com.
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 the LIBERTY
Endovascular Robotic Surgical System, the outcome of its studies to evaluate the LIBERTY Endovascular Robotic Surgical
System, uncertainty in the results of pre-clinical and clinical trials or regulatory pathways and regulatory approvals, including whether
the Company's pivotal study in humans is successful, any failure or inability to recruit physicians and clinicians to serve as
primary investigators to conduct regulatory studies which could adversely affect or delay such studies, disruptions resulting from new
and ongoing hostilities between Israel and the Palestinians and other neighboring countries, any lingering 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.

Frequently Asked Questions

What is the purpose of the LIBERTY system?

The LIBERTY Endovascular Robotic Surgical System aims to enhance surgical robotics in endovascular procedures by minimizing the need for bulky equipment and reducing radiation exposure.

Who is the principal investigator at BWH?

Dr. Dmitry Rabkin, MD, PhD, from the Division of Angiography & Interventional Radiology, is the principal investigator at Brigham and Women's Hospital.

When was the Site Initiation Visit completed?

The Site Initiation Visit for the Brigham and Women's Hospital clinical trial site was completed recently.

Which hospital is participating in the clinical trial?

Brigham and Women's Hospital (BWH) in Boston, Massachusetts, is participating in the trial.

What type of technology is Microbot Medical developing?

Microbot Medical is developing transformational micro-robotic technologies aimed at improving patient outcomes and increasing accessibility.

Last updated: Jun 17, 2024