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0.023121387283237 -0.0144508670520231 -0.0202312138728323 -0.0491329479768786 -0.0867052023121387 -0.0924855491329479 -0.085028901734104 -0.0664739884393064
Stock impact report

Distribution Agreement with Micro-Tech Endoscopy USA Represents Significant Milestone for Medigus to Enter U.S. Market

Medigus Ltd. - American Depositary Shares (MDGS) 
Company Research Source: GlobeNewswire
OMER, Israel, Aug. 01, 2018 (GLOBE NEWSWIRE) -- Medigus Ltd. (NASDAQ: MDGS) (TASE: MDGS), a medical device company developing minimally invasive endosurgical tools and an innovator in direct visualization technology, today announced an exclusive distribution agreement for its Medigus Ultrasonic Surgical Endostapler (MUSE™) system in the U.S. with Micro-Tech Endoscopy USA, Inc., a leading global manufacturer of GI endoscopy disposables and non-vascular stents, and wholly – owned subsidiary of Micro-Tech (Nanjing) Co. Ltd. The new commercialization agreement takes effect immediately for an initial term of three years with annual increases in minimum purchases for the first seven years. Medigus also has an exclusive distribution agreement with Micro-Tech Europe for the MUSE™ system in Germany. The MUSE™ procedure, currently covered under a CMS Category I CPT® Code of 43210 for Transoral Fundoplication (TF) procedures, took effect in 2016, with updated coding and payment information po Show less Read more
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