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Title:  ReWalk Exosuit to aid in Stroke Recovery
Source details: Yahoo Finance article posted June 4, 2019

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New age innovation offers versatile, affordable medical device to U.S. rehab clinics to treat millions of patients with gait impairment
MARLBOROUGH, Mass. and YOKNEAM ILIT, Israel, June 4, 2019 /PRNewswire/ -- ReWalk Robotics, Ltd. ( RWLK) ("ReWalk" or the "Company"), a leading manufacturer of robotic medical devices for individuals with lower limb disabilities, announced today that the U.S. Food and Drug Administration ("FDA") has cleared the Company's ReStore soft exo-suit system for sale to rehabilitation centers across the United States. ReStore is the only soft exo-suit with FDA clearance, and is intended for use in the treatment of stroke survivors with mobility challenges. Stroke is a leading cause of disability, which affects approximately 17 million people worldwide each year (1), and as many as 80% of people who have had a stroke will suffer from gait impairments. (2)

"The exo-suit achieves our commercial goal to offer a functional and affordable system that can be utilized in the 'Main Street' clinics in every community," said ReWalk CEO Larry Jasinski. "With a launch price of $28,900 as well as leasing options, ReStore offers cutting edge innovation with features that redefine therapy at a price that is accessable for a broader range of clinics than existing robotic technologies. The current gait training reimbursement codes enable immediate penetration and sales growth as part of our pathway to become a break even and profitable company."

In 2018, ReWalk launched a multi-center clinical study of the ReStore system across five of the country's leading rehabilitation centers. This data was submitted to the FDA in ReStore's 510(k) submission, and ReWalk expects to publish the results of the clinical study later this year.

"We are very encouraged by our initial experience and positive impact of ReStore in gait training for persons with stroke residual disabilities," said Moss Rehab's Chief Medical Officer Alberto Esquenazi, MD, who was one of the investigators in the multi-center trial. "By training the patient walking pattern in a more correct way, the expectation is that the brain will re-learn and better restore the walking function lost after a stroke."

The patented soft exo-suit technology was originally developed at Harvard University's Wyss Institute for Biologically Inspired Engineering where it also underwent initial clinical testing that demonstrated its potential to improve walking for stroke survivors. ReWalk and the Wyss Institute entered into a multi-year research collaboration agreement in 2016 which provides ReWalk access to future innovations that emerge from this collaboration and may be relevant to additional stroke products or other therapies.

"The idea of anchoring the body with textiles and flexible soft components is a fundamentally new way of applying assistance with a wearable robot," said Conor Walsh, a Professor of Engineering and Applied Sciences at the John A. Paulson Harvard School of Engineering and Applied Sciences and a Core Faculty member at the Wyss Institute for Biologically Inspired Engineering, who led a multi-disciplinary team to develop the soft exo-suit technology that has the ability to apply force to the body, but not restrict how a person moves. "This technology has broad potential, and we are currently testing additional concepts which can be applied to provide therapy and/ or mobility assistance for individuals with other diseases, such as multiple sclerosis and Parkinson's disease, and also potentially be used by a person at home and in their community," Walsh continued.

How it works: The ReStore system is comprised of a soft, garment-like design which connects to a lightweight waist pack and mechanical cables that help lift the patient's affected leg in synchronized timing with their natural walking pattern. The system provides targeted assistance to the patient during forward propulsion (plantarflexion) and ground clearance (dorsiflexion), two key phases of the gait cycle. The device also provides the physical therapists with extensive data during gait training with ReStore to inform strategies to optimize a patient's treatment and progress using real-time analytics.

ReStore is ReWalk's second major market segment, joining the ReWalk Personal 6.0-a robotic exoskeleton for home use by individuals with paralysis from a spinal cord injury-and the ReWalk Rehabilitation system, which allows for multiple patient uses through height and weight adjustments. "We believe the expansion to soft exo-suits gives ReWalk a diverse offering of innovative technologies and expands the Company's impact to millions of patients worldwide," added Jasinski. ReWalk intends to leverage its existing sales, training and service teams to commercialize the ReStore system. To date, ReWalk has placed nearly 550 exoskeletons in 26 countries and trained more than 270 rehabilitation clinics to conduct exoskeleton training worldwide.

(1) https://www.stroke.org.uk/sites/default/files/the_burden_of_stroke_in_europe_-_challenges_for_policy_makers.pdf

(2) https://synapse.koreamed.org/pdf/10.12786/bn.2017.10.e9

About ReWalk Robotics Ltd.
ReWalk Robotics Ltd. develops, manufactures and markets wearable robotic exoskeletons for individuals with lower limb disabilities as a result of spinal cord injury or stroke. The Company's mission is to fundamentally change the quality of life for individuals with lower limb disability through the creation and development of market leading robotic technologies. Founded in 2001, ReWalk has headquarters in the United States, Israel and Germany. For more information on the ReWalk systems, please visit www.rewalk.com.
ReWalk® is a registered trademark of ReWalk Robotics Ltd. in Israel and the United States.

Forward-Looking Statements
In addition to historical information, this press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the U.S. Securities Act of 1933, and Section 21E of the U.S. Securities Exchange Act of 1934. Such forward-looking statements include those relating to projections regarding ReWalk's future performance and other statements that are not statements of historical fact and, in some cases, may be identified by words like "anticipate," "assume," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "future," "will," "should," "would," "seek" and similar terms or phrases. The forward-looking statements contained in this press release are based on management's current expectations, which are subject to uncertainty, risks and changes in circumstances that are difficult to predict and many of which are outside of ReWalk's control. Important factors that could cause ReWalk's actual results to differ materially from those indicated in the forward-looking statements include, among others: ReWalk's ability to secure capital from its equity and debt financings in light of limitations under its Form S-3, the price range of its ordinary shares and conditions in the financial markets, and the risk that such financings may dilute ReWalk's shareholders or restrict its business; ReWalk's ability to maintain compliance with the continued listing requirements of the Nasdaq Capital Market and the risk that its ordinary shares will be delisted if it cannot do so; the risk of decreased liquidity in the market for ReWalk's ordinary shares and a reduced market capitalization of the Company following the recently-effected reverse share split, and the risk of dilution following the recently-effected increase in authorized share capital; ReWalk's expectations regarding future growth, including its ability to increase sales in its existing geographic markets, and to expand to new markets and achieve its planned expense reductions; the conclusion of ReWalk's management and the opinion of ReWalk's auditors in that there are substantial doubts as to ReWalk's ability to continue as a going concern; ReWalk's ability to maintain and grow its reputation and the market acceptance of its products; ReWalk's ability to achieve reimbursement from third-party payors for its products; ReWalk's limited operating history and its ability to leverage its sales, marketing and training infrastructure; ReWalk's expectations as to its clinical research program and clinical results; ReWalk's ability to improve its products and develop new products; ReWalk's ability to repay its secured indebtedness; the outcome of ongoing shareholder class action litigation relating to ReWalk's initial public offering; ReWalk's compliance with medical device reporting regulations to report adverse events involving its products and the potential impact of such adverse events on ReWalk's ability to market and sell its products; ReWalk's ability to gain and maintain regulatory approvals; ReWalk's expectations as to the results of, and the Food and Drug Administration's potential regulatory developments with respect to, ReWalk's mandatory post-market 522 surveillance study and ReWalk's 510k submission for the ReStore for stroke patients; ReWalk's ability to maintain adequate protection of its intellectual property and to avoid violation of the intellectual property rights of others; the risk of a cybersecurity attack or breach of our IT systems significantly disrupting our business operations; ReWalk's ability to use effectively the proceeds of offerings of securities; ReWalk's ability to establish a pathway to commercialize its products in China; the risk of substantial dilution resulting from the periodic issuances of ReWalk's ordinary shares; ReWalk's ability to maintain relationships with existing customers and develop relationships with new customers; the impact of the market price of ReWalk's ordinary shares on the determination of whether ReWalk is a passive foreign investment company; and other factors discussed under the heading "Risk Factors" in ReWalk's Annual Report on Form 10-K for the fiscal year ended December 31, 2018 filed with the U.S. Securities and Exchange Commission (the "SEC") and other documents subsequently filed with or furnished to the SEC. Any forward-looking statement made in this press release speaks only as of the date hereof. Factors or events that could cause ReWalk's actual results to differ from the statements contained herein may emerge from time to time, and it is not possible for ReWalk to predict all of them. Except as required by law, ReWalk undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise.

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FDA Issues Clearance for the ReStore™ Exo-Suit, the First Soft Robotic System for Stroke Therapy

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New age innovation offers versatile, affordable medical device to U.S. rehab clinics to treat millions of patients with gait impairment MARLBOROUGH, Mass. and YOKNEAM ILIT, Israel, June 4, 2019 /PRNewswire/ -- ReWalk Robotics, Ltd. ( RWLK) ("ReWalk" or the "Company"), a leading manufacturer of robotic medical devices for individuals with lower limb disabilities, announced today that the U.S.

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Summary of the current innovation: ReWalk Exo-Suit

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Summary of the current innovation: ReWalk Exo-Suit

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ReWalk Robotics, Ltd. is a leading manufacturer of robotic medical devices. The company announces that the USA Food and Drug Administration (FDA) has cleared the company's Restore soft exosystem for sale to rehabilitation centers across the United States. Restore Exo-Suit with FDA clearance is intended for use in the treatment of stroke survivors with mobility challenges. It is made of of a soft wrap that is placed around a lower leg affected by the stroke, a backpack-liked control center and a matching app that lets rehab specialist adjust settings.

As the patient steps with the affected stroke affected leg, the Restore Exo-Suit pulls on that leg to make sure the step is performed properly. The system provides both strengthen and guided timing, which helps the patient relearn how to walk properly. Unlike rigid exoskeletons, the device does not interfere with the patient's natural movement and feels less like one is inside a robot.

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By training the patient's walking pattern correctly, the brain may relearn and better restore the walking function lost after a stroke.

The system has the ability to apply force to the body, but not restrict a person's move.

The system also provides targeted assistance to the patient during forward propulsion (plantar flexion) and ground clearance (dorsiflexion) which are 2 key phases of the gait cycle.

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In my opinion, this Exo-Suit is an excellent invention for patients with lower body disability due to stroke and other illness. Working as a rehabilitation nurse, I am looking forward to more innovation and research on this product. I've been a rehabilitation nurse for more than 2 years now and I have witnessed thousands of patient being debilitated not only by a stroke but also from other debilitating condition. Stroke is a leading cause of disability that affects millions of people worldwide. It breaks my heart when patients, especially the younger population, is incapacitated due to an unforeseen crisis. Besides stroke, I strongly believe this technology will help any ailments that impair gait and mobility. Such conditions like Parkinson's Disease, Spinal Cord Injury, Multiple Sclerosis, and Guillan Barre Syndrome, which I encounter very often during my experience as a nurse, will benefit from this technology.

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1. Empathy
-Based on the StrengthFinder, this is my number 1 strength. This strength tells that I can sense emotions around me and I can feel what people are feeling as though the feeling is my own. With that being said, I feel empathy towards patients who couldn't walk due to an illness. I believe that illness is never their choice. I strongly believe that the Exo-Suit technology will help patients get back on their feet.
2. Achiever
-This is a theme that defines hard work and perseverance. I believe with hard work, determination, and perseverance, both the patient and Exo-Suit technology will work together to regain a patient's walking. The technology alone may not be beneficial if a patient's lack of determination is present.
3. Deliberative
-Always anticipate obstacles. Many things in life do not go the way you want them to be. Obstacles will always be present and nobody knows when it is coming. In regards to the Exo-Suit technology, there will be problems at some point since this is a fairly new technology. However, the benefits outweighs the risk.
4. Restorative
-In accordance with the deliberative theme, when it comes to anticipating obstacles, the restorative theme are adept at dealing with problems. if a problem arises with the Exo-Suit system, solutions should be the primary focus. If the problem possibly harm the patient, patient safety will always be the priority.
5. Harmony
-Harmony is all about agreement. It is best to avoid conflict and seek areas of agreement. You have to be knowledgable and experienced to areas you need to improve on. The Exo-suit system is a new technology for both the health care providers and patient. With that being said, maintaining a positive attitude on this innovation is essential on the success of the outcome during treatment.

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According to the article and company website, launch price will be $28,900 with leasing options which can be expensive to fund.

With the price given, some hospital s may not fund the Exo-Suit Technology and might stick to traditional therapy due to financial constraints.

Therapist must be competent and should be trained with this newly FDA approved technology.

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Medgadget (2019). ReWalk Exo-Suit Gets Green Light in U.S., Europe to aid Stroke Recovery. Retrieved from https://www.medgadget.com

ReWalk. The ReStore Soft Exo-Suit. Retrieved from http://www.rewalk.com

Yahoo Finance (2019).

FDA Issues Clearance for the ReStore™ Exo-Suit, the First Soft Robotic System for Stroke Therapy. Retrieved from http://www.finance.yahoo.com