ReWalk Robotics (RWLK) Misses Q4 EPS by 9c

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ReWalk Robotics (RWLK) Announces German Social and Youth Agency Reimburses Its Robotics Exoskeleton for First Time

February 24, 2016 8:35 AM EST

ReWalk Robotics Ltd. (Nasdaq: RWLK) announced today that for the first time, a German Social and Youth Agency based in Karlsruhe has reimbursed the ReWalk Personal exoskeleton system for a qualifying user. This approval, which was rendered on appeal, continues the trend of a growing number of health plans and health systems worldwide recognizing the benefits of exoskeletons and providing reimbursement of systems to beneficiaries.

"The reimbursement of the ReWalk system by the Social and Youth Agency of the city of Karlsruhe is another significant milestone for persons with spinal cord injury in... More