Microbot Med Inc Stock Price, News & Analysis

Microbot Medical (Nasdaq: MBOT) has strengthened its commercial leadership team with key appointments ahead of the anticipated LIBERTY® Endovascular Robotic System launch. Allison Rosefort joins as Vice President of Marketing, bringing over 15 years of healthcare marketing experience and a track record of driving double-digit revenue growth. She will oversee downstream marketing and brand management strategies.

The company also welcomed Lisa Dobbins as Director of Human Resources and recently added Paul Mullen as Vice President of Sales. These appointments are strategically timed with the expected FDA decision on LIBERTY® in Q2 2025. The company aims to be prepared for immediate commercial launch following potential FDA clearance.

Rosefort previously served as Senior Director at Topcon Healthcare, while Dobbins joins from Integra LifeSciences where she was HR Business Partner for Global Operations and Quality.

Microbot Medical (NASDAQ: MBOT) has announced groundbreaking results from its ACCESS-PVI pivotal trial for the LIBERTY® Endovascular Robotic System. The trial, conducted at three leading U.S. medical centers, demonstrated a 100% success rate in robotic navigation across all cases (N=20), meeting the study's primary endpoint.

Key achievements include:

• 92% reduction in radiation exposure for operators
• Zero adverse device events reported
• Median robotic navigation time of 3 minutes to target
• 100% physician satisfaction rate

The study was conducted at Memorial Sloan Kettering Cancer Center, Baptist Hospital of Miami, and Brigham and Women's Hospital. The LIBERTY® system is currently pending FDA 510(k) clearance and is not yet available for sale in the U.S.

Microbot Medical (Nasdaq: MBOT) announces that data from its ACCESS-PVI trial for the LIBERTY® Endovascular Robotic System will be presented at the Society of Interventional Radiology Annual Meeting. The presentation will be delivered by Dr. Francois Cornelis from Memorial Sloan Kettering Cancer Center on April 2, 11:33am CT.

The ACCESS-PVI trial is a prospective, multicenter, single-arm study evaluating the performance and safety of LIBERTY® in peripheral vascular interventions. The company's executive and clinical teams are conducting meetings with SIR attendees. Importantly, Microbot Medical reaffirms its expectation for the FDA's decision regarding LIBERTY®'s 510(K) clearance during the current second quarter.

Microbot Medical (Nasdaq: MBOT) has appointed Paul Mullen as Vice President of Sales, marking the company's first commercial hire as it prepares for the anticipated FDA clearance of its LIBERTY® Endovascular Robotic System in Q2 2025.

Mullen, who will report to CEO Harel Gadot, joins from Inari Medical (recently acquired by Stryker for $4.94 billion), where he served as Director of Sales and played a key role in launching breakthrough thrombectomy devices. His experience includes successful launches of devices treating chronic venous disease affecting over 1,000,000 U.S. patients.

Prior roles include positions at Philips Volcano's endovascular division and LeMaitre Vascular, where he managed sales teams and launched multiple technologies. His immediate responsibilities at Microbot Medical will focus on building sales strategy and infrastructure for the LIBERTY® system launch.

Microbot Medical Inc. (NASDAQ: MBOT) announced a significant milestone in its collaboration with Corewell Health™ on robotic telesurgery for endovascular applications. Research demonstrating the feasibility of using the LIBERTY® Endovascular Robotic System between separate facilities 5 miles apart in a coronary simulation model has been accepted for presentation at the Cardiovascular Research Technologies (CRT) annual meeting on March 10, 2025.

The study, led by Dr. Ryan Madder, Section Chief of Interventional Cardiology at Corewell Health™, will be presented by Dr. Trisha Gomez and published in the Journal of the American College of Cardiology (JACC) Interventions. Dr. Madder noted that the LIBERTY® system "functioned well in a telerobotic setting" with its small footprint and disposable design creating "exciting possibilities for future telerobotic endovascular procedures."

Microbot's CEO Harel Gadot emphasized that telesurgery capabilities are an important part of their long-term strategy, potentially increasing access to quality healthcare for patients in remote locations. The telesurgery feature is still under development and not covered under Microbot's pending 510(k) submission with the FDA.

Microbot Medical (MBOT) has successfully closed a registered direct offering, raising $13 million through the sale of 6,103,289 common stock shares at $2.13 per share. The company also issued unregistered short-term series I preferred investment options in a concurrent private placement, allowing the purchase of up to 12,206,578 additional shares at $2.13 per share, exercisable for two years following stockholder approval.

The net proceeds will fund the development, commercialization, and regulatory activities for the LIBERTY® Robotic System, expand applications from the company's IP portfolio, and provide working capital. H.C. Wainwright & Co. served as the exclusive placement agent for the offerings.

Microbot Medical (Nasdaq: MBOT) has announced a $13 million registered direct offering priced at-the-market, selling 6,103,289 shares of common stock at $2.13 per share. The company is also conducting a concurrent private placement of unregistered short-term series I preferred investment options.

These investment options allow the purchase of up to 12,206,578 additional shares at $2.13 per share, exercisable for two years following stockholder approval. The closing is expected around February 11, 2025, with H.C. Wainwright & Co. serving as the exclusive placement agent.

The net proceeds will fund the development and commercialization of the LIBERTY® Robotic System, expand applications from existing IP portfolio, and provide working capital. The offering is made under a previously filed S-3 registration statement, while the preferred investment options are issued under Section 4(a)(2) of the Securities Act.

Microbot Medical (Nasdaq: MBOT) announced the acceptance of a late-breaking abstract for presentation at the Society of Interventional Radiology (SIR) annual meeting in Nashville from March 29 - April 2, 2025. The presentation will feature first-time data from the ACCESS-PVI trial, a prospective, multicenter, single-arm study evaluating the performance and safety of the LIBERTY® Endovascular Robotic System in peripheral vascular interventions.

The presentation titled 'Remote-controlled endovascular navigation with a miniature, single-use, robotic system. Results of the ACCESS-PVI trial' will be delivered by Dr. Francois Cornelis from Memorial Sloan Kettering Cancer Center on April 2, 2025. The company views this acceptance as significant since the conference attendees represent potential LIBERTY® system users.