Bionics Research Inc. (Formerly: Allied Orthotics & Prosthetics, Inc.)
The ReWalk - from working prototype to trial marketing — US partner. Israeli partner: ReWalk Robtotics Ltd. (Yokneam Ilit (Haifa & North Ilit)). Sector: Life Sciences, Medical Devices. With support from the BIRD Foundation, ReWalk Robotics Ltd., formerly Argo Medical Technologies and Allied Orthotics & Prosthetics developed the ReWalk device that allows a paralyzed patient to “walk” again. The ReWalk acts like a pair of robotic trousers that uses sensors and motors to allow paralyzed patients to stand, walk and even climb stairs. ReWalk Robotics Ltd. went public (NASDAQ: RWLK) in September, 2014, following a June 2014 Food and Drug Administration approval for a motorized device that will aid movement for some people with lower body paralysis.