Bionik Laboratories announced that CEO and board member Eric Dusseux has resigned and Rich Russo, Jr. will assume the role of interim CEO. Dusseux announced today that he is stepping down to pursue opportunities outside of the rehabilitation robotic device industry. “This was a difficult decision that I reached after much reflection. It has been […]
Bionik Laboratories
Bionik Labs pulls trigger on 1-for-150 reverse split
Robotic rehabilitation device developer Bionik Laboratories said yesterday that it implemented a 1-for-150 reverse split of its stock. The ratio was agreed upon by the Toronto-based company’s board of directors, and is intended to satisfy the minimum stock price requirement of the Nasdaq Capital Market. “The completion of the reverse stock split is an integral step in […]
Bionik Labs integrates Amazon voice control tech into Arke lower body exoskeleton
Robotic rehabilitation device developer Bionik Laboratories said today it integrated Amazon‘s (NSDQ:AMZN) Echo and Alexa voice technology into its Arke lower body exoskeleton. With the integration users of the Arke exoskeleton will be able to control the system and its various activity modes, including standing and walking, through voice commands, the Toronto-based company said. “We […]
Bionik Labs and Wistron to partner on development of powered exoskeleton
Robotic developer Bionik Laboratories and tech service provider Wistron said today they are partnering to design, engineer and manufacture low-price lower-body assistive robotic technologies for the consumer medical device market. The companies said the new development will be based on Bionik’s currently-in-development Arke lower body exoskeleton, which is being designed for rehabilitation use, and will […]
Bionik labs closes $13m round
Medical device and robotics company Bionik Labs said today that it raised $1.4 million in a private placement for its Arke, a robotic lower body exoskeleton ,to close a $13.1 million round initiated in February. The funds are slated to cover costs associated with development of the Arke as well as general corporate services, the […]
