Full Press Release Details
Medical Receives Intention to Grant from European Patent Office for a Patent Application Covering its Self-Cleaning Shunt
Mass., Jan. 8, 2020 - Microbot Medical Inc. (Nasdaq: MBOT) has received an official communication from the European
Patent Office (EPO) regarding its intention to grant European Patent Application No. 11795301, covering the Company's
Self-Cleaning Shunt (SCS ). Globally, the Company now has 36 patents issued/allowed and 16 patent applications pending
have always maintained that a strong and growing intellectual property portfolio is one of our strongest assets and will
enable us to maintain a sustainable competitive advantage while establishing barriers of entry to future competitors" said
Harel Gadot, Chief Executive Officer, President, and Chairman. "We will continue to expand and seek protection for our unique
innovative platforms. This provides the foundation for the establishment of a multi-generation product portfolio, including our
latest introduction of the LIBERTYTM Robotic System, the world's first fully disposable robotic system for use
in neurovascular, cardiovascular and peripheral vascular procedures."
allowed patent application covers an inlet head for use on shunts, such as Ventriculoperitoneal (VP) Shunts which are implanted
in Hydrocephalus patients for draining excess cerebrospinal fluid (CSF). The inlet head includes a tube with openings disposed
in its wall, and a cleaning element comprising a central shaft with protruding bristles installed inside the tube, such that mutual
vibratory motion between the cleaning element and the tube causes the bristles to move within the openings. Such movement maintains
the openings clear and thereby prevents shunt occlusion.
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).
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.
pertaining to the 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, 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, 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
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.