Lifeward (formerly ReWalk Robotics) announced today that it plans to begin selling its AlterG family of products in Germany, effective immediately. The company intends to begin selling the anti-gravity treadmill technology for physical rehabilitation through its German sales organization. AlterG first became available to German customers in 2013 through a distribution agreement with Physiomed Group. […]
ReWalk Robotics
Lifeward has a new board chair
Lifeward (formerly ReWalk Robotics) said in an SEC filing that Jeff Dykan, current board chair, notified the company that he plans to retire. Dykan notified the company on June 27 that he does not plan to stand for reelection at the Lifeward 2024 annual general meeting of shareholders. He intends to continue serving until that […]
ReWalk Robotics looks to the future following Lifeward rebrand
On Jan. 29, ReWalk Robotics announced a rebrand to “Lifeward.” The rebrand had, in many ways, been in the works for about six months. Really, though, Lifeward CEO Larry Jasinski started formulating this plan a few years ago. All it needed was a few key ingredients to propel the physical rehabilitation and recovery company forward. […]
ReWalk Robotics rebrands to ‘Lifeward’ as portfolio expands
ReWalk Robotics (Nasdaq:RWLK) today unveiled new corporate branding to officially begin operating as “Lifeward.” Beginning today, the company operates as Lifeward. Starting tomorrow, Jan. 30, 2024, its shares begin trading under the “LFWD” ticker on the Nasdaq market. Lifeward aims to deliver solutions for rehabilitation, recovery and more in the face of physical limitation or […]
ReWalk Robotics demonstrates proof-of-concept with next-gen, AI-powered exoskeleton
ReWalk Robotics (Nasdaq:RWLK) announced today that it successfully demonstrated proof-of-concept with its next-generation exoskeleton. The Israel-based company, which operates out of Marlborough, Massachusetts, in the U.S., incorporated AI into its latest technology. It integrated advanced sensing technologies and AI to enable autonomous decision-making in the new exoskeleton prototype. ReWalk hit this milestone as part of […]
ReWalk Robotics announces solidified Medicare coverage for personal exoskeleton
ReWalk Robotics (Nasdaq:RWLK) announced that the Centers for Medicare & Medicaid Services (CMS) finalized a rule benefitting its exoskeleton technology. Earlier this year, CMS released a proposal aiming to establish new regulatory definition of “brace.” Adding the definition of brace would expedite coverage and payment for newer technology and powered devices, according to CMS. This potentially […]
ReWalk stock dips on Q2 EPS miss
ReWalk Robotics (Nasdaq:RWLK) shares fell today on second-quarter results that came in mixed compared to the consensus forecast. Shares of RWLK dipped 1.8% at 71¢ apiece in mid-afternoon trading today. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — remained even. The Yokneam Illit, Israel-based company posted losses […]
ReWalk Robotics to acquire anti-gravity tech provider AlterG for $19M
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 […]
ReWalk Robotics, Myomo to benefit from new proposed Medicare classifications
A new proposed rule from the Centers for Medicare and Medicaid Services (CMS) could benefit companies like ReWalk Robotics (Nasdaq:RWLK) and Myomo (NYSE:MYO). The proposed rule would establish a new regulatory definition of “brace.” In Myomo’s case, it aims to classify the L8701 and L8702 HCPCS codes as “brace.” Adding the definition of brace would […]
Rewalk Robotics extends share repurchase program
ReWalk Robotics (Nasdaq:RWLK) announced today that its board of directors approved an extension to its current share repurchase program. Yokneam Ilit, Israel-based ReWalk values its ordinary shares at NIS 0.25 ($0.072) apiece. This brings the program extension to an aggregate amount of up to $5.8 million. ReWalk’s ongoing $8 million repurchase program received approval from […]
Rewalk Robotics seeks reimbursement wins
Rewalk Robotics (Nasdaq: RWLK) today reported its third-quarter revenues were half what they were a year before, with losses widening. However, the robotic exoskeletons company is seeking to advance its technology through reimbursement wins in the U.S. and Germany. Early this month, Rewalk submitted its first case to Medicare Administrative Contractors (MACs) for coverage and […]
