Microbot Medical Announces FDA Pre-Submission Milestones for 2019
Key 2018 Operational and Product Achievements
- Successfully completed and announced the results of two pre-clinical studies which were performed by leading U.S. academic institutions.
- The in-vitro study, which was performed at
Wayne State University, supports the SCSTM’s potential as a viable technology for preventing occlusion in shunts used to treat hydrocephalus.
- The in-vivo animal study, which was performed at
Washington Universityin St. Louis School of Medicine, supports the safety profile of the Company’s SCSTM as a CSF catheter.
- The in-vitro study, which was performed at
- Demonstrated to leading neurologists for the first time, the activated SCSTM from a working prototype of its customized headset at the 2018
International Hydrocephalus Conference, held in Bologna, Italyin October 2018.
- Presented the results of the in-vivo animal study supporting the initial safety profile of the SCS™ at the 2018
International Hydrocephalus Conference, held in Bologna, Italyin October 2018
- Initiated a pivotal pre-clinical study with a larger sample size to further evaluate the safety and efficacy of the SCS™ in the same in-vitro and in-vivo (animal) models. Microbot plans to use the findings for its future regulatory submissions in the US,
Europeand other jurisdictions.
- Acquired a novel technology from
CardioSert Ltd., which the Company believes will bring added value to its current technologies.
- Strengthened its IP Portfolio with Global Patent Allowances resulting in a total of 30 patents granted and 18 patent applications pending approval.
- Was awarded a non-dilutive grant from the
European Commissionto continue developing the SCS™. The Commission’s decision, in part, was based upon substantial demand for the SCS™ with the potential to create new market opportunities.
- Relocated its global Research & Development operations to a state-of-the-art facility to meet the next phase of the Company’s development efforts.
- Strengthened its management team and enhanced its
Scientific Advisory Boardwith leading medical device expertise.
Anticipated 2019 Operational and Product Milestones
- Announce the results of an independent in-vitro study validating the operational effectiveness of the SCSTM.
- Complete the pivotal pre-clinical study to further evaluate the safety and efficacy of the SCSTM being performed at
Washington Universityin St. Louis School of Medicineand Wayne State Universityin the third quarter of 2019.
- Finalize the
FDAregulatory pre-submission request for the SCSTM in the second half of 2019.
- Strengthen the balance sheet, including through non-dilutive sources of cash such as grants, to execute its near and long-term business plan.
- Explore related market opportunities with significant medical needs and high procedure volumes that will benefit from the Company’s technologies.
- Expand and protect the Company’s global IP portfolio which creates barriers to entry.
- Build out the Company’s senior leadership.
Microbot™, which was founded in 2010 and commenced operations in 2011, became a NASDAQ listed company on
The ViRobTM 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 ViRobTM please visit http://www.microbotmedical.com/technology/virob/.
TipCATTM 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 TipCATTM, visit http://www.microbotmedical.com/technology/tipcat/.
CardioSertTM technology contemplates a unique combination of a guidewire and microcatheter, technologies that are broadly used for endoluminal surgery. The CardioSertTM 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. CardioSertTM was part of a technological incubator supported by the Israel Innovation Authorities (formerly known as the
Statements pertaining to future financial and/or operating results, future growth in research, technology, clinical development, and potential opportunities for