SOURCE: Medovex Corporation

July 25, 2017 08:00 ET

Medovex Corporation DenerveX System First Cases to Commence in Germany

Dr. Martin Deeg to Use Recently CE Marked Device in Three Patients on July 26th in Stuttgart and Dr. Jan Spiller to Perform Three Additional Procedures in Bremen-Stenum on July 31st

ATLANTA, GA--(Marketwired - Jul 25, 2017) - Medovex Corp. (NASDAQ: MDVX) ("Medovex" or the "Company"), the developer of the DenerveX™ System, a new and novel device designed for enduring relief of Facet Joint Syndrome related to back pain, today announced that the first cases in Germany have been scheduled.

On July 26, 2017, Dr. Martin Deeg will perform three cases in Stuttgart. The following week on July 31, 2017, Chief Surgeon Dr. Jan Spiller will perform three additional cases in Bremen-Stenum along with Dr. Ritter-Lang. Both Dr. Deeg and Ritter-Lang are members of the Company's European Medical Advisory Board.

The Company recently announced it had completed first human use cases for the DenerveX System in Manchester, England with very encouraging initial procedural success. The Company anticipates performing up to as many as 30 plus procedures by the end of August.

The DenerveX System recently received CE Mark approval and clearance for commercialization in the European countries and offers a unique way to perform a Facet Joint Syndrome treatment.

Jarrett Gorlin, Medovex CEO stated, "We are pleased to announce further progress towards delivering on our goal of 'proof of principle' in the adoption of the technology in this very sizable market. With the DenerveX System, we can offer surgeons and pain management specialists the ability to attain precise treatment of the Facet Joint pain. The DenerveX treatment uses 'Rotacapsulation™,' a combination of high heat and rotational capsular tissue shaving, in a minimally invasive posterior procedure for the treatment of Facet Joint Syndrome. The DenerveX System offers an alternative to existing treatments that only provide temporary relief."

Gorlin concluded, "We remain excited to provide further assessments and ultimately testimonials, about the personal impact our DeverveX Device is expected to have on the quality of life for patients long suffering from debilitating lower back pain associated with the Facet Joint."

Facet Joint Syndrome (FJS), also known as spinal osteoarthritis, spinal arthritis, or facet joint osteoarthritis, is a significant health and economic problem in the United States and other countries in the EU and Rest of World affecting millions each year. Current treatment options are generally temporary and there is no proven long-lasting option for FJS.

The DenerveX System is a highly differentiated technology. It denervates and removes capsular tissue from the Facet Joint in one single procedure. Treatment results from the combined effect of a deburring or polishing action and RF ablation treatment on the Facet Joint. Using this new technique, the slowly rotating burr removes the targeted facet joint synovial membrane and joint surface while the heat ablation destroys tissue and denudes any residual nervous and synovial membrane overlying the joint, removing the end point sensory tissue of the joint.

The DenerveX System consists of the DenerveX Kit which contains the DenerveX Device, a single use medical device and the DenerveX Pro-40 Power Generator. DenerveX system is not yet FDA cleared.

About Medovex
Medovex was formed to acquire and develop a diversified portfolio of potentially ground breaking medical technology products. Criteria for selection include those products with potential for significant improvement in the quality of patient care combined with cost effectiveness. The Company's first pipeline product, the DenerveX device, is intended to provide long lasting relief from pain associated with facet joint syndrome at significantly less cost than currently available options. To learn more about Medovex Corp., visit www.medovex.com

Safe Harbor Statement
Certain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including without limitation those set forth in the Company's filings with the Securities and Exchange Commission (the "SEC"), not limited to Risk Factors relating to its patent business contained therein. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law.

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    Medovex Corp.
    Jason Assad
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