ReWalk Robotics (NSDQ:RWLK) said it has applied to FDA for 510(k) clearance of its ReStore exoskeleton suit for gait training during stroke rehabilitation. The Yokneam, Israel-based company designed its exo-suit to provide coordinated plantarflexion and dorsiflexion assistance to a patient’s foot and ankle. It recently won insurer reimbursement from Cigna and completed a clinical trial […]
ReWalk Robotics touts first U.S. insurer reimbursement win for exoskeleton devices
ReWalk Robotics (NSDQ:RWLK) said today that health insurer Cigna will now review submissions for the use of exoskeleton devices for individuals with spinal cord injuries after a change to its coverage policies. The Yokneam, Israel-based company touted the shift as the first of its kind by a major private insurer in the U.S. The policy change […]
ReWalk Robotics shares fall on Q4, 2018 sales miss
Shares in ReWalk Robotics (NSDQ:RWLK) fell today after the rehabilitation exoskeleton maker posted fourth quarter and full year 2018 earnings that beat loss-per-share expectations but missed wide on sales consensus from Wall Street analysts. The Yokneam, Israel-based company posted losses of approximately $5 million, or 10¢ per share, on sales of approximately $1.6 million for the […]
ReWalk Robotics dips on Q3 prelims, registers $15m offering
ReWalk Robotics (NSDQ:RWLK) shares took a hit today after the rehabilitation exoskeleton maker posted preliminary third-quarter sales that missed the mark on Wall Street, even as the company revealed plans for a $15 million public offering. The Yokneam, Israel-based company also registered a $14.8 million offering of stock and other securities. ReWalk said it expects […]
Motus GI taps Moran as CEO | Personnel Moves – September 25, 2018
Motus GI said today that it named Timothy Moran as its new chief executive officer, effective October 1, replacing former CEO Mark Pomeranz who will assume the role of president and COO. Moran has previously served ConvaTec‘s (LON:CTEC) Americas president and helped lead the company through its initial public offering in 2016. Prior to ConvaTec, Moran spent […]
ReWalk Robotics dives on missed Q2 prelims
ReWalk Robotics (NSDQ:RWLK) missed the consensus with its preliminary second-quarter revenues and revealed a financing delay, sending its share price down more than 25% today. Yokneam Ilit, Israel-based ReWalk said it expects to post sales of $1.8 million for the three months ended June 30, which would come in under the $2.0 million expectation on […]
ReWalk Robotics amends soft exoskeleton research, licensing deal with Harvard
UPDATE: Corrected to reflect that ReWalk Robotics was amending an earlier deal. ReWalk Robotics (NSDQ:RWLK) has inked a set of amendments to its collaborative research and exclusive licensing agreement with Harvard Collage related to the development of its soft-suit exoskeleton, according to a recently posted SEC filing. Through the original collaborative deal, both groups will join […]
ReWalk Robotics expands ReStore soft exo-suit trial
ReWalk Robotics (NSDQ:RWLK) said today that it plans to expand the clinical study of its ReStore soft exo-suit device to five U.S. research centers. The Marlborough, Mass.-based company expects to launch its ReStore device for stroke patients in Europe and the U.S. in the first half of 2019. The exo-suit is designed as a gait therapy […]
ReWalk Robotics inks $20m private placement, posts Q4, 2017 earnings
Shares in ReWalk Robotics (NSDQ:RWLK) have risen today after the company announced a $20 million private placement and posted shrinking losses for the quarter and growing sales for the year with its fourth quarter and 2017 earnings. The company said it inked an investment agreement with Hong Kong-based Timwell Corporation Limited through which the company will […]
ReWalk Robotics wins German reimbursement nod for Personal 6.0 exoskeleton
ReWalk Robotics (NSDQ:RWLK) said this week that the German statutory health insurance head office GKV-Spitzenverband confirmed the listing of the ReWalk Personal 6.0 exoskeleton system in the German medical device directory, which is used for reimbursement from German SHI providers. The ReWalk 6.0 system will be classified as an “innovative device for the immediate compensation […]
Cerner taps former head of Philips North America to take over corner officer | Personnel Moves January 11, 2018
Cerner Corp. (NSDQ:CERN) said yesterday that it named Brent Shafer to serve as chairman & CEO effective Feb. 1. Shafer previously served as CEO of Philips‘ (NYSE:PHG) North America business. Cerner’s co-founder Cliff Illig has been serving as interim CEO and chairman of the board since July last year. Illig said he plans to resume […]
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