GE / IP FANUC Series 90/30 In Stock
ReWalk Robotics Shares Soar 113% In Debut!
Israeli robotics maker ReWalk Robotics (RWLK) recently became the first company to have a robotic exoskeleton suit approved by the FDA, which led to the decision to public.
Investors must be impressed because ReWalk’s shares soared from $13.60 to $25.60 (113%) in their debut.
The company’s robotic exoskeletons aid those who are paralyzed from the waist down walk again/regain mobility.
Originally, the robotic suits were going to be used for rehab in hospitals but the company discovered there was a much larger market in need of their product.
According to ReWalk, almost 80% of 273,000 U.S. patients with spinal cord injuries could be candidates for existing or future ReWalk products, in addition to about half of the nation’s 400,000 residents suffering from multiple sclerosis.
The only downside to the incredible product from ReWalk is the fact that the exoskeletons cost an insane $70,000 a piece.
So while the robotics suits are capable of greatly improving quality of life, many people simply cannot afford to buy the exoskeleton.
Tags: rewalk 113%, rewalk ipo, rewalk robotics, rewalk robotics debut, rewalk robotics ipo
This entry was posted on September 17th, 2014 and is filed under Technology. Both comments and pings are currently closed.
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