Microbot Medical CEO Harel Gadot discusses the LIBERTY® Endovascular Robotic System in a livestream interview today.
Quiver AI Summary
Microbot Medical Inc. announced that its CEO, Harel Gadot, will participate in a live interview on Benzinga All Access at 10:50 am ET on December 10, 2024. During the interview, Gadot will discuss the company's LIBERTY® Endovascular Robotic System, which is currently seeking FDA 510(k) clearance for commercialization. The LIBERTY system is the first fully disposable endovascular robotic system, designed to streamline access to surgical robotics while reducing costs and radiation exposure for healthcare providers. Microbot Medical aims to enhance the quality of care for patients globally with its innovative technology.
Potential Positives
- Microbot Medical's CEO, Harel Gadot, is set to be interviewed live on Benzinga All Access, showcasing the company’s leadership and increasing visibility in the medical technology space.
- The company has submitted the FDA 510(k) application for its LIBERTY® Endovascular Robotic System, indicating progress towards commercialization and potential market entry.
- The LIBERTY® system is positioned as a groundbreaking innovation, being the world's first single-use, fully disposable endovascular robotic system, which may enhance market attractiveness and investor interest.
- LIBERTY® aims to significantly improve safety and efficiency in procedures, which could lead to improved healthcare outcomes and cost savings, appealing to both healthcare providers and patients.
Potential Negatives
- The press release highlights the company's reliance on the FDA's approval of the LIBERTY® Endovascular Robotic System, which introduces uncertainty regarding its market launch and potential revenue generation.
- The mention of risks related to the ongoing geopolitical situation may raise concerns about operational stability and market conditions affecting the company.
- As a pre-commercial stage company, Microbot Medical® may face challenges in securing the necessary capital to transition successfully into a commercially focused entity, which could hinder growth and sustainability.
FAQ
When can I watch the Microbot Medical livestream interview?
The livestream interview with CEO Harel Gadot will be available today at 10:50am ET.
Where can I view the Benzinga All Access live interview?
The interview can be viewed on the Benzinga All Access platform.
What is the LIBERTY® Endovascular Robotic System?
LIBERTY® is the world's first single-use, fully disposable endovascular robotic system designed to streamline access to surgical robotics.
What are the benefits of using the LIBERTY® system?
Benefits include reduced radiation exposure, improved ergonomics, lower procedure costs, and enhanced overall care quality.
Has Microbot Medical submitted any applications for regulatory approval?
Yes, Microbot Medical has submitted a 510(k) application to the FDA for commercialization of the LIBERTY® Endovascular Robotic System.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$MBOT Hedge Fund Activity
We have seen 6 institutional investors add shares of $MBOT stock to their portfolio, and 22 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- HUDSON BAY CAPITAL MANAGEMENT LP removed 402,386 shares (-100.0%) from their portfolio in Q2 2024
- UBS GROUP AG added 44,493 shares (+444930.0%) to their portfolio in Q3 2024
- RENAISSANCE TECHNOLOGIES LLC removed 29,295 shares (-100.0%) from their portfolio in Q3 2024
- THOROUGHBRED FINANCIAL SERVICES, LLC removed 27,250 shares (-52.2%) from their portfolio in Q3 2024
- VANGUARD PERSONALIZED INDEXING MANAGEMENT, LLC removed 15,494 shares (-100.0%) from their portfolio in Q3 2024
- VIRTU FINANCIAL LLC removed 13,379 shares (-100.0%) from their portfolio in Q3 2024
- XTX TOPCO LTD removed 12,789 shares (-100.0%) from their portfolio in Q2 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
Livestream Interview Can be Viewed Today at 10:50am ET at Benzinga All Access Live
BRAINTREE, Mass., Dec. 10, 2024 (GLOBE NEWSWIRE) -- Microbot Medical ® Inc. (Nasdaq: MBOT), developer of the innovative single use LIBERTY ® Endovascular Robotic System, announces that its Chief Executive Officer, Harel Gadot, will be interviewed on Benzinga All Access at 10:50am ET on December 10, 2024. The live interview can be viewed at: Benzinga All Access Live . Mr. Gadot will discuss Microbot Medical’s LIBERTY system, the continued growth and adoption of surgical robotics, and how the Company plans to redefine the peripheral endovascular space with LIBERTY ® .
Earlier today, the Company announced that it has submitted the FDA 510(k) for commercialization of the LIBERTY® Endovascular Robotic System.
As the world’s first single-use, fully disposable endovascular robotic system, LIBERTY ® eliminates the need for large and expensive capital equipment and streamlines customers’ access to robotics. With its remote control, LIBERTY ® is designed to significantly reduce radiation exposure to physicians and staff, and improve ergonomics, which has the potential to reduce the physical strain on healthcare providers. The Company also believes that LIBERTY ® has the potential to lower procedure costs, increase procedure efficiency and improve the overall quality of care.
About Microbot Medical
®
Microbot Medical
®
Inc. (NASDAQ: MBOT) is a pre-commercial stage medical technology company with a vision to improve the quality of care for millions of patients and providers globally. The Company has developed the world’s first single-use, fully disposable endovascular robotic system, which aims to eliminate traditional barriers to accessing advanced robotic systems.
Further information about Microbot Medical ® is available at http://www.microbotmedical.com .
Safe Harbor
Statements to future financial and/or operating results, future growth in research, technology, clinical development, commercialization 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 within the meaning of the Private Securities Litigation Reform Act of 1995 and the Federal securities laws. 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, the Company’s need for and ability to obtain additional working capital to continue its transition to a commercially focused company, market conditions, risks inherent in the development and/or commercialization of the LIBERTY ® Endovascular Robotic Surgical System, uncertainty in the results of regulatory pathways and regulatory approvals, including whether the FDA will grant 510(k) clearance to commercially market the LIBERTY ® Endovascular Robotic Surgical System in the United States, disruptions resulting from new and ongoing hostilities between Israel and the Palestinians and other neighboring countries, 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.
Investor Contact: [email protected]