Motus GI Holdings (MOTS) Appoints Scott Durbin to its Board

Motus GI Holdings, Inc., (NASDAQ: MOTS) announced the appointment of Scott Durbin to the Company’s Board of Directors (the “Board”). Mr. Durbin has more than 25 years of executive leadership, finance and clinical development experience, including the execution of over $5 billion in financings and merger transactions. In addition, the Company announced that David Hochman and Darren Sherman, independent members of the Board, have stepped down from the Board due to time requirements of their roles as Chief Executive Officer and President & COO, respectively, at Orchestra BioMed Holdings, Inc. (Nasdaq: OBIO). Their resignations are effective September 6, 2023.

“We are excited to have Scott join our Board. His extensive experience in the financial markets and as an executive in the life sciences industry are expected to immediately bring value to Motus and complement the experience of our current Board,” commented Tim Moran, Chairman of the Board. “On behalf of the Board and the whole team at Motus, I would like to thank David and Darren for their leadership and vision in founding Motus back in 2012. Their experience in the capital markets and medical technology research, has provided invaluable insights that have helped Motus achieve key milestones in bringing the Pure-Vu System to physicians and their patients. We wish them all the best on their future endeavors.”

Mr. Durbin said, "I believe Motus is in a unique position to utilize its current capital effectively as it moves ahead with plans to secure FDA clearance for its next generation system, which will expand upon the Pure-Vu platform’s capabilities into supporting upper GI procedures. I look forward to supporting the Board’s ongoing exploration process to identify strategic and financing alternatives aimed at accelerating commercialization of the Pure-Vu System and maximizing stockholder value."

Mr. Durbin is a proven strategic executive with decades of experience at start-ups and multi-national life sciences companies. During this time, he established strong industry knowledge across the life sciences industry, including substantial therapeutic clinical development and global commercialization experience. Currently, Mr. Durbin is CEO and Director of illumiSonics Inc., developer of the PARS platform, a revolutionary, non-contact, high-resolution, label-free, non-destructive optical imaging system based on new physics. Prior to illumiSonics, Mr. Durbin held executive roles at Viveve from May 2012 to March 2023, including as the Chief Executive Officer and Chief Financial Officer, as well as serving on the Board of Directors. Prior to his time at Viveve, he was Chief Financial Officer at Vericel, formerly Aastrom Biosciences (ASTM). Prior to joining Vericel, Mr. Durbin was Chief Financial Officer, Chief Operating Officer and Secretary of Board at Prescient Medical. Prior to Prescient Medical, Mr. Durbin was with the Investment Banking team, Healthcare and Merger & Acquisition, at Lehman Brothers, during which time he helped successfully execute nearly $5 billion in financings and M&A transactions for life science companies. Mr. Durbin began his career as a Director of Neurophysiology at Biotronic. He holds a Master’s degree in Health Management w/ honors from Yale University. He received his Bachelor’s of Science / Pre-med from the University of Michigan.

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