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OMER, ISRAEL -- (Marketwired) -- 03/14/17 -- Medigus Ltd. (NASDAQ: MDGS) (TASE: MDGS), a medical device company developing minimally invasive endosurgical tools and a leader in direct visualization technology, today announced that the first MUSE procedures were performed in Switzerland by Prof. Dr. Gerhard Treiber at the Center for Digestive Diseases (Gastrozentrum) at Hirslanden Clinic in Aarau. It was reported that both procedures were successful and the patients were released from the hospital.
"I believe that the MUSE procedure will be beneficial for many of my patients suffering from long-term treatment of GERD," said Prof. Dr. Gerhard Treiber M.D./AGAF, Endoskopieabteilung (Endoscopy Unit), Center for Digestive Diseases (Gastrozentrum) at Hirslanden Clinic. "The procedures were efficient, and my patients were pleased with the incisionless approach, leading to potential reduced recovery time when compared to alternative options."
The MUSE system is a single-use flexible transoral stapler that merges the latest advancements in microvisual, ultrasonic and surgical stapling. The device comes equipped with an ultrasonic sight and range finder and a micro ScoutCam CMOS camera, which enables a single physician to perform an incisionless transoral fundoplication -- the procedure intended to treat the anatomical cause of gastroesophageal reflux disease (GERD).
"We are excited that MUSE is now being offered in Switzerland, expanding our availability in Europe," said Chris Rowland, Chief Executive Officer of Medigus. "Our minimally invasive solution for gastroesophageal reflux disease (GERD) can help reduce the unmet treatment need for patients who fall within the gap between drug therapy and invasive surgical procedures."
To learn more about MUSE, visit: www.medigus.com
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. These forward-looking statements represent Medigus' expectations or beliefs concerning future events, and it is possible that the results described in this news release will not be achieved. By their nature, Forward-Looking Statements involve known and unknown risks, uncertainties and other factors which may cause future results of the company's activity to differ significantly from the content and implications of such statements. 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 INVESTOR RELATIONS (U.S.): David Carey Lazar Partners Ltd. 212-867-1768 INVESTOR RELATIONS (Israel): Iris Lubitch/ Noam Yellin SmarTeam 972-3-6954333 NEXT ARTICLE
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