SOURCE: Given Imaging

May 07, 2007 05:30 ET

Wisconsin Physicians Service (WPS) Expands Policy to Cover PillCam® SB as Primary Diagnostic Tool

Indications Include Suspected Crohn's Disease, Small Bowel Tumors and Malabsorption Syndrome

YOQNEAM, ISRAEL -- (MARKET WIRE) -- May 7, 2007 -- Given Imaging Ltd. (NASDAQ: GIVN) today announced that Wisconsin Physicians Service (WPS), the Medicare Part B Carrier for Wisconsin, Illinois, Michigan and Minnesota, has expanded its coverage policy for capsule endoscopy of the small bowel. The revised policy states that PillCam SB can be used as a primary diagnostic tool to evaluate patients with suspected but undiagnosed Crohn's disease, small bowel tumors and malabsorption syndrome. Wisconsin Physicians Service serves approximately 3 million Medicare beneficiaries.

"We commend WPS for recognizing this important diagnostic procedure, and expanding the covered indications for this technology to more accurately reflect the way the PillCam is used in clinical practice," said Scott Ketover, M.D., Vice President, Minnesota Gastroenterology, P.A. "Our practice delivers GI care to numerous Medicare patients with unexplained gastrointestinal disorders and this policy change will allow us to better serve these patients by offering them the best diagnostic tool for evaluation of the small intestine."

The updated guidelines are retroactive to April 1, 2007. Physicians reporting claims for reimbursement of capsule endoscopy of the small bowel should use CPT code 91110. For more information visit http://www.wpsic.com/medicare/policies/wisconsin/gi009.pdf.

About Given Imaging Ltd.

Given Imaging is redefining gastrointestinal diagnosis by developing, producing and marketing innovative, patient-friendly products for detecting gastrointestinal disorders. The company's technology platform is the PillCam® Platform, featuring the PillCam video capsule, a disposable, miniature video camera contained in a capsule, which is ingested by the patient, a sensor array, data recorder and RAPID® software. Given Imaging has three commercially available capsules: the PillCam SB video capsule to visualize the entire small intestine which is currently marketed in the United States and in more than 60 other countries; the PillCam ESO video capsule to visualize the esophagus; and the Agile™ patency capsule to determine the free passage of the PillCam capsule in the GI tract. The PillCam COLON video capsule to visualize the colon has been cleared for marketing in the European Union, and multi-center clinical trials are underway in Europe and the U.S. A capsule to visualize the stomach is under development. More than 500,000 patients worldwide have benefited from the PillCam capsule endoscopy procedure. Given Imaging's headquarters, manufacturing and R&D facilities are located in Yoqneam, Israel; it has direct sales and marketing operations in the United States, Germany and France, and local offices in Japan, Spain and Australia. For more information, visit http://www.givenimaging.com.

This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, projections about our business and our future revenues, expenses and profitability. Forward-looking statements may be, but are not necessarily, identified by the use of forward-looking terminology such as "may," "anticipates," "estimates," "expects," "intends," "plans," "believes," and words and terms of similar substance. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual events, results, performance, circumstances or achievements of the Company to be materially different from any future events, results, performance, circumstances or achievements expressed or implied by such forward-looking statements. Factors that could cause actual events, results, performance, circumstances or achievements to differ from such forward-looking statements include, but are not limited to, the following: (1) satisfactory results of clinical trials with PillCam Colon (2) our ability to receive regulatory clearance or approval to market our products or changes in regulatory environment, (3) our success in implementing our sales, marketing and manufacturing plans, (4) protection and validity of patents and other intellectual property rights, (5) the impact of currency exchange rates, (6) the effect of competition by other companies, (7) the outcome of future litigation, including patent litigation with Olympus Corporation, (8) the reimbursement policies for our product from healthcare payors, (9) quarterly variations in operating results, (10) the possibility of armed conflict or civil or military unrest in Israel, and (11) other risks and factors disclosed in our filings with the U.S. Securities and Exchange Commission, including, but not limited to, risks and factors identified under such headings as "Risk Factors," "Cautionary Language Regarding Forward-Looking Statements" and "Operating Results and Financial Review and Prospects" in the Company's Annual Report on Form 20-F for the year ended December 31, 2005. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Except for the Company's ongoing obligations to disclose material information under the applicable securities laws, it undertakes no obligation to release publicly any revisions to any forward-looking statements, to report events or to report the occurrence of unanticipated events.

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