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Microbot Medical CEO Harel Gadot to Discuss Endovascular Robotics on Benzinga All Access

Key Takeaway: Microbot Medical Inc. announced that CEO Harel Gadot will be featured in an interview on Benzinga All Access to discuss the company's LIBERTY Endovascular Robotic System. This system, the first single-use, fully disposable endovascular robotic system, aims to improve surgical efficiencies and reduce costs. The company has also submitted an FDA 510(k) application to commercialize LIBERTY, which could revolutionize access to robotic surgery. However, the company faces regulatory uncertainties and market risks as it transitions to a commercially focused entity.
Price reaction · baseline $1.01 (2024-12-09 close) · hit after-hours · clean, no other MBOT news in the window
day 0 close · peak
-1%

Market Sentiment Analysis

POSITIVE FACTORS

  • CEO Harel Gadot will discuss innovative surgical robotics, enhancing visibility for the company.
  • The LIBERTY Endovascular Robotic System is poised to redefine the peripheral endovascular space.
  • The system eliminates the need for large capital equipment and could lower procedure costs.
  • It aims to improve patient care while reducing radiation exposure for healthcare providers.

CONCERNS & RISKS

  • Market conditions and regulatory pathways present uncertainties for the company's future.
  • Dependence on securing additional working capital raises potential operational risks.
  • The outcome of FDA's 510(k) application for the LIBERTY system remains uncertain.
  • Ongoing geopolitical tensions could disrupt business operations.

Full Press Release Details

Livestream Interview Can be Viewed Today at 10:50am ET at Benzinga All Access Live
BRAINTREE, Mass., Dec. 10, 2024 (GLOBE NEWSWIRE) -- Microbot Medical® Inc. (Nasdaq: MBOT), developer of the innovative single use LIBERTY® Endovascular Robotic System, announces that its Chief Executive Officer, Harel Gadot, will be interviewed on Benzinga All Access at 10:50am ET on December 10, 2024. The live interview can be viewed at: Benzinga All Access Live. Mr. Gadot will discuss Microbot Medical’s LIBERTY system, the continued growth and adoption of surgical robotics, and how the Company plans to redefine the peripheral endovascular space with LIBERTY®.
Earlier today, the Company announced that it has submitted the FDA 510(k) for commercialization of the LIBERTY® Endovascular Robotic System.
As the world’s first single-use, fully disposable endovascular robotic system, LIBERTY® eliminates the need for large and expensive capital equipment and streamlines customers’ access to robotics. With its remote control, LIBERTY® is designed to significantly reduce radiation exposure to physicians and staff, and improve ergonomics, which has the potential to reduce the physical strain on healthcare providers. The Company also believes that LIBERTY® has the potential to lower procedure costs, increase procedure efficiency and improve the overall quality of care.
About Microbot Medical®
Microbot Medical® Inc. (NASDAQ: MBOT) is a pre-commercial stage medical technology company with a vision to improve the quality of care for millions of patients and providers globally. The Company has developed the world’s first single-use, fully disposable endovascular robotic system, which aims to eliminate traditional barriers to accessing advanced robotic systems.
Further information about Microbot Medical® is available at http://www.microbotmedical.com.
Statements to future financial and/or operating results, future growth in research, technology, clinical development, commercialization 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, the Company’s need for and ability to obtain additional working capital to continue its transition to a commercially focused company, market conditions, risks inherent in the development and/or commercialization of the LIBERTY® Endovascular Robotic Surgical System, uncertainty in the results of regulatory pathways and regulatory approvals, including whether the FDA will grant 510(k) clearance to commercially market the LIBERTY® Endovascular Robotic Surgical System in the United States, disruptions resulting from new and ongoing hostilities between Israel and the Palestinians and other neighboring countries, 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 time is the Microbot Medical CEO's interview?

The interview is scheduled for 10:50am ET on December 10, 2024.

Where can I watch the live interview?

You can watch the interview on Benzinga All Access Live.

What is the LIBERTY® Endovascular Robotic System?

LIBERTY® is the first single-use, fully disposable endovascular robotic system.

How does LIBERTY® improve healthcare delivery?

It reduces capital equipment needs, lowers costs, and decreases radiation exposure.

What stage is Microbot Medical® in its development?

Microbot Medical® is currently in the pre-commercial stage.

Last updated: Dec 10, 2024