Medtech stocks closed May at their highest point since before the COVID-19 pandemic rocked the markets. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — sat at 87.17 points at the end of last week (May 29). That total represents a 2.3% gain from the 85.22-point total at the […]
ReWalk Robotics posts COVID-19-affected Q1 losses
ReWalk Robotics (NSDQ:RWLK) shares ticked up slightly today despite first-quarter results that came up short of the consensus forecast. The Yokneam Illit, Israel–based robotic walking assistance company posted losses of $3.8 million, or -37¢ per share, on sales of $760,000 for the three months ended March 31, 2020, for a 4% bottom-line gain on a sales […]
ReWalk Robotics down on Q4 losses, missed projections
ReWalk Robotics (NSDQ:RWLK) shares took a hit today on fourth-quarter losses that came up short of the consensus forecast. The Yokneam Illit, Israel–based robotic walking assistance company posted losses of -$3.6 million, or -49¢ per share, on sales of $1.2 million for the three months ended Dec. 31, 2019, with a profit gain of nearly $1.5 […]
ReWalk Robotics closes $7m public offering
ReWalk Robotics (NSDQ:RWLK) announced that it closed its previously announced public offering with the gross proceeds reaching $7 million. The Yokneam Illit, Israel–based robotic walking assistance company offered more than 4 million units of stock to the public at $1.25 per unit, along with more than 1.5 million pre-funded units at $1.249 per unit, according to […]
ReWalk Robotics posts Q3 losses on missed projections
ReWalk Robotics (NSDQ:RWLK) reported third-quarter results that came up shy of the consensus forecast. The Yokneam Illit, Israel–based robotic walking assistance company posted losses of -$3.4 million, or -46¢ per share, on sales of $1.2 million for the three months ended Sept. 30, for a 25.2% bottom-line gain on sales decline of -23.7%. Adjusted to exclude […]
ReWalk Robotics raises $11m in warrants offering
ReWalk Robotics (NSDQ:RWLK) said yesterday that it raised $11 million in a warrants offering. Israel-based ReWalk Robotics sold roughly 1.5 million five-year warrants in November 2018 that are now being redeemed for $7.50 apiece, resulting in gross proceeds of $11 million and net proceeds of about $10 million. The warrants were issued on June 5-6, according […]
ReWalk Robotics wins FDA nod for ReStore soft exo-suit
ReWalk Robotics (NSDQ:RWLK) said yesterday that it won FDA 510(k) clearance for its ReStore soft exo-suit system intended for rehabilitation therapy. The Marlborough, Mass.-based company touted the clearance as being the first by the FDA for a soft exo-suit system intended for use in treating stroke survivors with mobility challenges. The ReStore exo-suit features a soft, garment-like […]
ReWalk Robotics wins CE Mark for ReStore soft exo-suit
ReWalk Robotics (NSDQ:RWLK) said today that it won CE Mark clearance in the European Union for its ReStore soft exo-suit designed for use in stroke rehabilitation. The Marlborough, Mass.-based company touted the clearance as the first for a soft exo-suit in the region. The ReStore exo-suit features a soft, garment-like design and is intended to adaptively synchronize […]
ReWalk Robotics raises $4m
ReWalk Robotics (NSDQ:RWLK) has raised approximately $4.3 million in a new round of financing, according to recently posted SEC filings. In the offering, ReWalk Robotics sold warrants to purchase ordinary shares at a purchase price of approximately $5.20, according to the filing. Warrants offered in the round have an exercise price of $5.14 and are exercisable […]
ReWalk Robotics files for exoskeleton suit clearance
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 […]
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