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LONDON, UK / ACCESSWIRE / May 23, 2018 / If you want access to our free research report on Microbot Medical Inc. (NASDAQ: MBOT), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=MBOT as the Company's latest news hit the wire. On May 21, 2018, the medical device Company, which is specializing in the design and development of transformational micro-robotic medical technologies, declared the results of its pre-clinical study evaluating the Company's Self-Cleaning Shunt (SCS). Register today and get access to over 1,000 Free Research Reports by joining our site below:
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About the Self-Cleaning Shunt
The Microbot SCS is a robotic system, specifically designed as the ventricular catheter portion of a Cerebrospinal Fluid (CSF) shunt system. Microbot's ventricular catheter is able to connect to existing valves and maintain CSF flow through the ventricular catheter. This SCS device has the potential to replace all ventricular catheters, and also significantly reduce shunts occlusions. At present, there is a 40% rate of occlusions within the first year of implementation.
Encouraging Results from the In-Vitro Study
Dr. Carolyn Harris, Assistant Professor of Chemical Engineering and Materials Science at Wayne State University conducted the study in an in-vitro 3D cell culture system, in order to replicate the ventricular environment. The study, which was conducted at the Wayne State University, validates SCS's potential as a feasible technology for preventing occlusion in shunts used to treat hydrocephalus.
Dr. Harris shared that the initial results from the study demonstrate that cells attach, grow, and spread across the shunt drainage holes of the Microbot SCS. This study shows that Microbot SCS has the potential to remove the early spreading of cells across the shunt holes, which is a first step towards the main target of the study, i.e. occlusion prevention. However, further research is required to confirm this.
Harel Gadot, Chief Executive Officer, President, and Chairman at Microbot Medical, stated that these encouraging results affirm the Company's confidence in the SCS' technology, which is a novel solution to avert occlusion in hydrocephalus shunts, and also a potential platform for future occlusion prevention devices for other medical applications. The Company has been executing the next development phase of its SCS and has recently upgraded its facility to support these activities.
According to Gadot, with these improvements, Microbot expects to deliver the first occlusion prevention device for the numerous patients suffering from hydrocephalus while eliminating redundant procedures and reducing the cost of healthcare.
A US Patent for SCS
On May 09, 2018, Microbot announced that the US Patent and Trademark Office (USPTO) has issued a Notice of Allowance for Patent Application No. 15/187,003, for the Company's SCS device. This application is a continuation of Patent No. 9,393,389, which was issued on July 19, 2016.
Way Ahead for SCS
Microbot intends to initiate larger-scale studies to support the SCS and prepare it for regulatory submissions in the USA, Europe, and other regions of the world.
Stock Performance Snapshot
May 22, 2018 - At Tuesday's closing bell, Microbot Medical's stock dropped 4.62%, ending the trading session at $0.91.
Volume traded for the day: 2.19 million shares, which was above the 3-month average volume of 309.11 thousand shares.
Stock performance in the last month – up 14.65%; and previous three-month period – up 13.97%
After yesterday's close, Microbot Medical's market cap was at $38.00 million.
The stock is part of the Healthcare sector, categorized under the Medical Instruments & Supplies industry.
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