Medigus Receives First Purchase Order for Endosurgical Device in Italy

Medigus a developer minimally-invasive endosurgical tools and direct visualization technology, Monday reported it received the first purchase order for its Medigus Ultrasonic Surgical Endostapler system in Italy from Innovamedica, a privately-owned distributor of minimally invasive medical devices.

Medigus rose 3.1% pre-bell, but is still trading near 52-week low of $0.47. The 52-week high is at $3.25.

Medigus said that under terms of a four-year agreement, Innovamedia will be required to purchase at least E1.0 million annually of Medigus Ultrasonic Surgical Endostapler equipment.

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