ReWalk Robotics (Nasdaq:RWLK) announced that it executed an agreement to acquire AlterG, an anti-gravity system provider. The deal includes a purchase price of approximately $19 million at closing. ReWalk expects to close the deal on Aug. 11, with closing contingent upon the satisfaction of customary closing conditions. Additional cash earnouts may be paid based upon […]
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Titan Medical CEO Hargrove is out | Personnel Moves, Oct. 11, 2016
Titan Medical CEO Hargrove is out Titan Medical (CVE:TMD) said today that it’s looking for a new CEO after the resignation of John Hargrove as it looks to get back on track with the development program for its Sport robot-assisted surgery platform. Toronto-based Titan said board member John Barker is slated to fill Hargrove’s shoes on […]
Boston sports icon Bob Lobel steps forward in AlterG’s bionic leg
Boston sports icon Bob Lobel, 69, faced a rough road to recovery after his 2008 diagnosis of spinal stenosis, a condition that slowly weakens both legs. After several back surgeries and a few rough falls, the legendary sportscaster said he’s determined to walk freely again using AlterG’s Bionic Leg.
The device wraps around injured limbs to provide external support as muscles re-gain strength. The $40,000 Bionic Leg was developed by a California-based company called Tibion BioTech Technologies, which was bought by AlterG.