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MicroBot acquires endo-luminal technology from CardioSert

Published 04/16/2018, 04:15 PM
© Reuters.  MicroBot acquires endo-luminal technology from CardioSert
MBOT
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  • A subsidiary of MicroBot Medical (NASDAQ:MBOT) has exercised its option to acquire certain endo-luminal technology from CardioSert after a 90-day evaluation period.
  • It was originally developed for use in chronic total occlusion (the most complex lesions confronting interventional cardiologists) during percutaneous coronary intervention (PCI) procedures but the company believes it has broader applicability.
  • Under the terms of the deal, MicroBot will pay $250K in cash plus 100K restricted shares of common stock.
  • Now read: vTv Therapeutics Fails Late-Stage Alzheimer's Study; Is There A Chance For A Comeback?


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