Medigus Announces Distribution Agreement with Micro-Tech Europe for the MUSE™ System in Germany

OMER, Israel, December 4, 2017 – Medigus Ltd. (NASDAQ: MDGS) (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™ 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™ System in Germany. The MUSE™ 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™ 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™,” 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™ 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™ System and the availability of a dedicated OPS code that cover the MUSE™ 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.