Medigus Announces Distribution Agreement with Micro-Tech Europe for the MUSE(TM) System in Germany
OMER, Israel - December 3, 2017 - Medigus Ltd. MDGS, -1.24% (tase:MDGS), a medical device company developing minimally invasive endosurgical tools and a leader in direct visualization technology, today announced a five year distribution agreement for its MUSE(TM) System in Germany with Micro-Tech Europe, a leading supplier of GI and endoscopy devices.
Under the terms of the agreement, Micro-Tech Europe will be the exclusive distributor for the MUSE(TM) System in Germany. The MUSE(TM) 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(TM) CMOS camera, which enables a single physician to perform an incisionless transoral fundoplication -- the procedure intended to treat the anatomical cause of GERD, commonly referred to as acid reflux.
"We are pleased to have Micro-Tech Europe as our partner, and our distribution agreement marks an important step to enable expanded market access to well-matched distributors - a key strategy in driving sales of MUSE(TM)," said Chris Rowland, Chief Executive Officer of Medigus. "Micro-Tech Europe shares our commitment to innovation and high-quality products that help improve patient's lives - we are happy that they recognized the MUSE(TM) System, which addresses the unmet treatment need for GERD patients who can no longer rely on drug therapy."
"With multiple expert physicians already using the MUSE(TM) System and the availability of a dedicated OPS code that cover the MUSE(TM) procedure in Germany, we are poised to help more patients suffering from GERD in this important market", said Daniel Kuhn, Chief Executive Officer of Micro-Tech Europe.
