SOURCE: Medovex Corporation

October 26, 2015 08:30 ET

Medovex Corporation Successfully Hosts Surgical Innovation Lab With Key European Thought Leaders for the DenerveX™ System at World's Largest Spine Exhibition, NASS 2015

ATLANTA, GA--(Marketwired - Oct 26, 2015) - Medovex Corp. (NASDAQ: MDVX), a developer of medical technology products, today announced that on October 16, 2015, the Company successfully hosted a surgical innovation lab with leading European spine surgeons at the NASS meeting.

Dr. Scott Haufe M.D. and members of the Company's executive team demonstrated the Company's DenerveX System technology, as well as hosting a private business suite to meet with key opinion leaders from Europe.

In attendance, medical advisory board member Martin Deeg M.D. from Germany stated, "DenerveX represents a new innovative technology, safe, fast and easy to use, a new way to treat the facet joint disease with long lasting effect. A step forward from pinpoint rhizotomy, to large scale denervation." 

Also in attendance, fellow medical advisory member Vik Kapoor M.D., from the United Kingdom added, "The new DenerveX procedure will simplify the treatment for facet joint pain. The device is easy to use, and has the potential to offer effective and longer term pain relief than standard radio frequency procedure. The intervention itself is a day case / office procedure."

The Company's patented DenerveX System, currently in development and not yet FDA cleared, CE marked or commercially available, is designed to provide relief of pain associated with the facet joint. Lower back pain is the second most common cause of disability in the U.S. for adults. Studies indicate that 10% of the U.S. adult population suffers from lower back pain and that 31% of lower back pain is attributed to facet joint pain.

The DenerveX System consists of the DenerveX device, a single use device, and the DenerveX Pro-40 Power Generator. The DenerveX system is designed to provide a minimally invasive treatment option which combines two actions into one device. The combined procedure is expected to provide a longer lasting solution and potential savings to the health care system.

Mr. Patrick Kullmann, Medovex President and COO, stated, "We are excited by the positive feedback received from the seventeen leading spine surgeons from the EU on the heels of our surgical innovation lab last week. The purpose of the lab was to provide a training experience as part of our pre-European market launch activities by inviting members of our clinical advisory board and some of the leading European based key opinion leaders."

Kullmann continued, "The feedback received from the recent demonstration is something we view as very important. The ability to gather insight from of the most preeminent spine surgeons in a close demonstration setting is invaluable as it allows for us to make certain specific refinements in advance of our future launch outside the U.S."

Dr. Scott Haufe is co-founder of Medovex, a member of the Board of Directors and the Medical Director of the Company. Dr. Haufe is a board certified physician in the fields of Anesthesiology, Pain Medicine and Hospice / Palliative Medicine. He began his career in the field of Anesthesiology where he served as Chief of Anesthesiology and Pain Management with St. Lucie Anesthesia Associates while continuing his passion for research.

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

About NASS 2015

A one-of-a-kind meeting, where spine care professionals from around the globe will share the latest information, innovative techniques and procedures, best practices, and new technologies. The Annual Meeting provides a unique opportunity for you to learn and gain skills through dynamic and challenging educational programs, the ability to network and build relationships with your colleagues and leading experts in spine care.

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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