Full Press Release Details
Medical Strengthens Global IP Portfolio with Canadian Notice of Allowance for a Patent Application for a Shunt Stenosis Prevention
MA - April 23, 2019 - As it continues to receive an overwhelming positive response from global jurisdictions, Microbot
Medical Inc. (NASDAQ: MBOT) expands its IP portfolio as it receives a Notice of Allowance from the Canadian Intellectual Property
Office for Patent Application No. 2,850,279, which pertains to a device for the prevention of shunt stenosis.
this latest Notice of Allowance, the Company now has 32 issued/allowed patents and 19 patent applications pending worldwide.
we continue to make progress on our primary clinical objectives, we have also excelled at expanding Microbot's innovative
IP portfolio, globally," commented Harel Gadot, CEO, President and Chairman. "This latest allowance in Canada represents
another significant step toward achieving this goal and creating value that cements our positions as an emerging global leader
allowed patent application covers a system for reducing venous stenosis associated with the use of hemodialysis shunts. A clearing
device is inserted, and exerted, through a first bore, while dialyzed blood is being returned into the blood vessel through a
second bore. The clearing device may be a passive device moved down the blood vessel by the blood flow or an autonomous crawling
device, such as the Company's TipCat device, which is based on a series of sequentially inflatable chambers.
Microbot Medical, Inc.
which was founded in 2010 and commenced operations in 2011, became a NASDAQ listed company on November 28, 2016. The Company specializes
in transformational micro-robotic medical technologies leveraging the natural and artificial lumens within the human body. Microbot's
current technological platforms, ViRob , TipCAT and CardioSert , are comprised of three highly advanced technologies,
from which the Company is currently developing its first product candidate: The Self-Cleaning Shunt, or SCS , for the treatment
of hydrocephalus and Normal Pressure Hydrocephalus, or NPH. The Company also is focused on the development of a Multi Generation
Pipeline Portfolio (MGPP) utilizing all technologies. Further information about Microbot Medical is available at http://www.microbotmedical.com.
ViRob technology is a revolutionary autonomous crawling micro-robot which can be controlled remotely or within the body.
Its miniature dimensions allow it to navigate and crawl in different spaces within the human body, including blood vessels, the
digestive tract and the respiratory system. Its unique structure gives it the ability to move in tight spaces and curved passages
as well as the ability to remain within the human body for prolonged time. To learn more about ViRob please visit http://www.microbotmedical.com/technology/virob/.
is a transformational self-propelled, flexible, and semi-disposable locomotive device providing see & treat capabilities within
tubular lumens in the human body such as the colon, blood vessels, and the urinary tract. Its locomotion mechanism is perfectly
suitable to navigate and crawl through natural & artificial tubular lumens, applying the minimal necessary pressure to achieve
the adequate friction required for gentle, fast, and safe advancement within the human body. To learn more about TipCAT ,
technology contemplates a unique combination of a guidewire and microcatheter, technologies that are broadly used for endoluminal
surgery. The CardioSert technology features unique steering and stiffness control capabilities, and it was originally developed
to support interventional cardiologists in crossing the most complex lesions called chronic total occlusion (CTO) during percutaneous
coronary intervention (PCI) procedures and has the potential to be used in other spaces and applications, such as peripheral intervention,
neurosurgery and urology. CardioSert was part of a technological incubator supported by the Israel Innovation Authorities
(formerly known as the Office of the Chief Scientist, or OCS), and its device has successfully completed pre-clinical testing.
pertaining 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. 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, risks inherent in the development
and/or commercialization of potential products, 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 approvals, need and ability to obtain future capital,
maintenance of intellectual property rights, and the outcomes with respect to any litigation the Company is involved in from time
to time (including the success of any appeals). Actual results may differ materially from the results anticipated in these forward-looking
statements and as such should be evaluated together with the many uncertainties that affect the businesses of Microbot Medical
Inc. particularly those mentioned in the cautionary statements found in Microbot Medical Inc.'s filings with the Securities
and Exchange Commission. Microbot Medical disclaims any intent or obligation to update these forward-looking statements.