Full Press Release Details
Medical Receives Notice of Allowance for U.S. Patent Covering a
System for Reducing Dialysis Shunt Stenosis
Mass., October 7, 2020 - Microbot Medical Inc. (Nasdaq: MBOT) announced that the United States Patent and Trademark
Office (USPTO) has issued a Notice of Allowance for patent application No. 15/592,227, which pertains to a device for reducing
dialysis shunt stenosis. The allowed patent application is a Continuation of Patent No. 9,675,748, which was issued on June 13,
latest patent allowance demonstrates the continued solid execution of our IP portfolio strategy," commented Harel Gadot,
Chief Executive Officer, President and Chairman. "Expanding and protecting our innovative technologies remains a primary
objective and we intend to be proactive to ensure a sustainable, competitive advantage for our products."
allowed patent application covers a system for reducing venous stenosis associated with the use of hemodialysis shunts. A clearing
device is inserted into the blood vessel through a first needle bore, while dialyzed blood is returned into the blood vessel through
a second needle bore. The clearing device can be actuated from externally to the patient's body. The clearing device is
adapted to move autonomously, and it may be an autonomous crawling device, such as the Company's TipCat device, which
is based on a series of sequentially inflatable chambers. This allowance adds an additional layer of protection beyond the current
IP protected applications of Microbot's TipCat and ViRob platforms.
the Company now has a total of 39 issued/allowed patents and 23 patent applications pending worldwide.
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.
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or prospects expressed by management, constitute forward-looking statements within the meaning of the Private Securities Litigation
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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, 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.