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Microbot Medical Partners with Baptist Hospital of Miami to Participate in its Pivotal Human Clinical Trial Following the Company's recent FDA approval to commence its pivotal human clinical trial, Baptist Hospital of Mi

Key Takeaway: Microbot Medical Inc. has received FDA approval to commence its pivotal human clinical trial for the LIBERTY Endovascular Robotic Surgical System. Baptist Hospital of Miami, alongside Brigham and Women's Hospital, will participate in the trial, with Dr. Ripal Gandhi as the principal investigator. The company aims to improve endovascular procedures by reducing the need for expensive equipment and minimizing radiation exposure. The leadership at Microbot Medical expresses optimism regarding the rapid enrollment of trial sites, indicating strong interest in the innovative technology.

Market Sentiment Analysis

POSITIVE FACTORS

  • FDA approval allows for pivotal human clinical trial commencement.
  • Partnership with Baptist Hospital of Miami enhances trial credibility.
  • Excitement from principal investigator suggests strong potential for success.
  • Rapid enrollment of leading sites indicates high interest in technology.

Full Press Release Details

Medical Partners with Baptist Hospital of Miami to Participate in its Pivotal Human Clinical Trial
the Company's recent FDA approval to commence its pivotal human clinical trial, Baptist Hospital of Miami is the second clinical
site to enroll in the trial
Mass., July 3, 2024 - Microbot Medical Inc. (Nasdaq: MBOT), developer of the innovative LIBERTY Endovascular
Robotic Surgical System, today announces it has received Institutional Review Board approval and signed a Clinical Trial Agreement with
Baptist Hospital of Miami, which includes Miami Cardiac & Vascular Institute and Miami Cancer Institute. This is the second announced
site that will participate in the clinical trial for Microbot's LIBERTY as part of its Investigational Device Exemption ("IDE").
The Company had recently announced Brigham and Women's Hospital as another participating site.
principal investigator at Baptist Hospital of Miami will be Ripal Gandhi, MD, FSVM. "I am very excited to participate in the trial.
I believe this technology has the potential to change how we perform endovascular procedures", said Dr. Gandhi.
believe the interest in the LIBERTY technology is overwhelming, as evident by the fast pace of enrolling and activating leading sites
into the pivotal trial since we announced the IDE. We are excited for our partnership with Baptist Hospital of Miami, which is one of
the leading hospitals in the United States," commented Harel Gadot, CEO, President and Chairman of Microbot Medical.
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 LIBERTY Endovascular Robotic Surgical System?

The LIBERTY system aims to enhance endovascular procedures by reducing equipment size and physician strain.

Where is the LIBERTY clinical trial being conducted?

The clinical trial is being conducted at Baptist Hospital of Miami and Brigham and Women's Hospital.

Who is leading the trial at Baptist Hospital of Miami?

Dr. Ripal Gandhi is the principal investigator at Baptist Hospital of Miami.

What recent approval did Microbot Medical receive?

Microbot Medical received FDA approval to initiate its pivotal human clinical trial.

How does the LIBERTY technology benefit patients?

It aims to improve clinical outcomes and increase accessibility in minimally invasive procedures.

Last updated: Jul 3, 2024