OMER, Israel, Jan. 03, 2017 (GLOBE NEWSWIRE) -- Medigus Ltd.
(NASDAQ:MDGS) (TASE:MDGS), a medical device company developing minimally invasive endosurgical tools and a leader in direct
visualization technology, announced today that Yaron Silberman, PhD, Vice President of Sales and Marketing, will present the
Medigus Ultrasonic Surgical Endostapler, or MUSE™ system during the Inventors Corner Session at the Innovation in Gastroenterology,
2017 Symposium, on January 4, 2017 at 5:50pm Israel time (UTC/GMT +2 hours). The conference will take place at the Hilton Hotel,
Tel Aviv, Israel from January 4-6, 2017.
The Inventors Corner Session will provide a forum for physicians and researchers to meet entrepreneurs, investors, hedge-fund
representatives and well-established pharmaceutical companies to share innovations, daily clinical knowledge and cutting-edge
developments and the latest advances of clinical management in the field of gastroenterology.
Silberman will present MUSE, a comprehensive device which incorporates microvisual, ultrasonic and surgical stapling capability.
The device allows a single physician or surgeon to perform fundoplication (stapling of the upper part of the stomach to the lower
esophageal sphincter) transorally (without incisions). Since the device doesn’t require any incisions, patients generally report
greater comfort during the procedure and experience reduced hospital stays by up to 50% over invasive fundoplication
procedures.
Innovation in Gastroenterology attendees can learn more about the MUSE system by visiting www.medigus.com.
Innovation in Gastroenterology, 2017 Symposium
This will be an exclusive event where gastroenterologists, researchers, and the pharmaceutical industry from all over the world can
meet and learn about novel emerging technologies as well as practical gastroenterology and hepatology.
About MUSE™
The MUSE system is a leading technology in Natural Orifice Endoscopic Surgery procedures. The single operator system performs
anterior partial fundoplication with standard surgical staples in a less invasive way, compared to other surgical procedures. Its
intuitive endosurgical platform consists of a single use flexible surgical endostapler, equipped with a proprietary miniature
camera, an ultrasonic sight and a range finder. The endostapler, which resembles an endoscope, is designed to be operated by a
single user, includes a handle with controls, an 80cm flexible shaft, a 5cm rigid section holding a cartridge with 5 standard 4.8mm
titanium surgical staples, a ratchet controlled one-way articulating section, and a distal tip. The MUSE system is FDA cleared and
CE marked and has obtained the necessary licenses to market the product in Canada and Israel.
About Medigus
Medigus is a medical device company specializing in developing minimally invasive endosurgical tools and highly innovative imaging
solutions. They are the pioneer developer of the MUSE™ system, an FDA cleared and CE marked endoscopic device to perform Transoral
Fundoplication (TF) for the treatment of GERD (gastroesophageal reflux disease), one of the most common chronic conditions in the
world. In 2016, the CMS established the Category I CPT® Code of 43210 for TF procedures, such as the ones performed with MUSE,
which establishes reimbursement values for physicians and hospitals. MUSE is gaining adoption in key markets around the world – it
is available in world-leading healthcare institutions in the U.S., Europe and Israel. Medigus is also in the process of obtaining
regulatory clearance in China. Medigus is traded on the Nasdaq Capital Market and the TASE (Tel-Aviv Stock Exchange). To learn more
about the company’s advanced technology, please visit www.medigus.com or www.RefluxHelp.com.
This press release may contain statements that are “Forward-Looking Statements,” which are based upon the current
estimates, assumptions and expectations of the company’s management and its knowledge of the relevant market. The company has
tried, where possible, to identify such information and statements by using words such as “anticipate,” “believe,” “envision,”
“estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “target,” “potential,” “will,” “would,” “could,” “should,”
“continue,” “contemplate” and other similar expressions and derivations thereof in connection with any discussion of future events,
trends or prospects or future operating or financial performance, although not all forward-looking statements contain these
identifying words. By their nature, Forward-Looking Statements involve uncertainties which may cause future results of the
company’s activity to differ significantly from the content and implications of such statements. Among the factors which may cause
the actual results to differ from the Forward-Looking Statements are changes in the target market and the introduction of
competitive products, our ability to secure favorable reimbursement rates, regulatory, legislative and policy changes, and clinical
results. Other risk factors affecting the company are discussed in detail in the Company's filings with the
Securities and Exchange Commission. Forward-Looking Statements are pertinent only as of the date on which they are made, and the
company undertakes no obligation to update or revise any Forward-Looking Statements, whether as a result of new information, future
developments or otherwise. Neither the company nor its shareholders, officers and employees, shall be liable for any action and the
results of any action taken by any person based on the information contained herein, including without limitation the purchase or
sale of company securities. Nothing in this press release should be deemed to be medical or other advice of any kind.
MEDIA CONTACT: Chantal Beaudry Lazar Partners Ltd. 212-867-1762 cbeaudry@lazarpartners.com INVESTOR RELATIONS CONTACT (U.S.): David Carey Lazar Partners Ltd. 212-867-1762 dcarey@lazarpartners.com INVESTOR RELATIONS CONTACT (Israel): Iris Lubitch/ Noam Yellin SmarTeam 972-3-6954333 Iris@Smartteam.co.il Noam@Smartteam.co.il
