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Last updated on April 18, 2014 at 8:42 EDT

SRS Endoscopic System Receives FDA Clearance for Treatment of Gastroesophageal Reflux Disease (GERD)

May 24, 2012

OMER, Israel, May 24, 2012 /PRNewswire/ –

The SRS system by Medigus, offers endoluminal treatment for one of the most common
chronic conditions

Medigus Ltd. [http://www.medigus.com ] (TASE: MDGS) announced that it has received FDA
510(k) marketing clearance for its SRS endoscopic system.

(Photo:
http://photos.prnewswire.com/prnh/20120524/533495 )

(Logo:
http://photos.prnewswire.com/prnh/20120524/533495-logo )

The SRS device is intended for minimally-invasive endoluminal treatment of GERD. The
SRS endoscope is inserted into the esophagus through the mouth and does not entail
incisions into the abdominal cavity. The endoscope contains a miniature video camera,
ultrasonic sights, and a stapling device that enables the operator to perform partial
fundoplication.

The device was cleared for marketing by the U.S. Food and Drug Administration in the
510(k) pathway, having successfully met safety and efficacy criteria during a multi-center
clinical trial in five countries and three continents. In addition to the FDA clearance,
Medigus already possesses a CE mark for the SRS system.

According to several sources, including the US Market for Gastrointestinal Endoscopic
Devices 2011 & 2012, iData Research, the estimated potential market for endoscopic
treatment of GERD in the United States is 33 billion US dollars, and the number of
patients suffering from GERD among the global population ranges between 5%-17%.

GERD is caused by stomach acid or bile frequently flowing back into the esophagus.
This irritates the esophagus, causing acid reflux, heartburn and other severe conditions.

About Medigus Ltd.

Medigus [http://www.medigus.com/Default.aspx ] is a medical device company that
specializes in developing innovative endoscopic procedures and devices. Medigus is a
pioneer developer of a unique proprietary endoscopic device for the treatment of GERD.
Medigus has an advanced technology platform that includes the necessary elements for
developing a wide range of endoscopic procedures. The platform includes the smallest CCD
and CMOS video cameras in the world, endoscopic staplers, ultrasound and endoscopy suites.

        Contact:

        Dr. Yaron Silberman
        yaron@medigus.com
        Tel: +972-52-6511122

    Photo: 

http://photos.prnewswire.com/prnh/20120524/533495

http://photos.prnewswire.com/prnh/20120524/533495-logo

SOURCE Medigus Ltd


Source: PR Newswire