New Bill Facilitates Veteran Access to Powered Exoskeletons
10 11월 2023 - 10:30PM
ReWalk Robotics Ltd. (Nasdaq: RWLK) (“ReWalk” or the “Company”), a
leading provider of innovative technologies that enable mobility
and wellness in rehabilitation and daily life for individuals with
neurological conditions, applauded new legislation that will be
introduced in the U. S. House of Representatives that will enhance
the opportunity for clinically-eligible U.S. Veterans to gain
access to powered exoskeletons, and ensure the U.S Department of
Veterans’ Affairs (“VA”) is delivering the technology in both a
routine and timely manner. The new bi-partisan bill, titled the
Veterans Spinal Trauma Access to New Devices (STAND) Act, will be
introduced by Representative Jack Bergman (MI-01) and co-led by the
Chairman of the House Veterans’ Affairs Committee, Mike Bost
(IL-12), Ranking Member of the Health Subcommittee, Julia Brownley
(CA-26), and Congresswoman Debbie Dingell (MI-6) in recognition of
Veterans’ Day.
“General Bergman’s leadership on this issue has been
instrumental in promoting transparency and reliability at the VA
for those Veterans with spinal cord injuries and disorders (SCI/D)
whose overall health can be profoundly improved by regaining the
ability to walk with exoskeleton technology,” said Larry Jasinski,
CEO of ReWalk Robotics. “We look forward to working with General
Bergman, his colleagues in the House, the U.S. Senate and the VA
leadership to standardize the process for evaluation, training and
delivery of exoskeletons to eligible Veterans in need.”
The VA estimates that approximately 42,000 individuals with
spinal cord injuries are U.S. Veterans, of which the VA provides
annual care to more than 27,000 individuals through the VA Spinal
Cord Injuries and Disorders (SCI/D) network. The STAND Act, which
has been endorsed by Paralyzed Veterans of America and Disabled
American Veterans, seeks to ensure that: (1) annual exoskeleton
evaluations are codified in law for those Veterans who seek their
care through the VA; (2) VA provides Congress updates on the
progress in terms of numbers of evaluations, training and device
approvals; (3) exoskeleton manufacturers and other external
stakeholders are included when considering changes to the clinical
practice guidelines published at VA governing the evaluation,
training and procurement of exoskeleton devices; and finally, (4)
appropriate usage of exoskeleton devices becomes a measurable
element of the overall performance metrics for leadership within
existing Veteran Integrated Service Networks (VISNs), or VA
regions.
About ReWalk Robotics Ltd.ReWalk Robotics
Ltd. is a medical device company that designs, develops, and
commercializes innovative technologies that enable mobility and
wellness in rehabilitation and daily life for individuals with
neurological conditions. ReWalk’s mission is to fundamentally
change the quality of life for these individuals through the
creation and development of market leading technologies. Through
its recent acquisition of AlterG, Inc., ReWalk has added
anti-gravity systems to its growing portfolio of products. Founded
in 2001, ReWalk has operations in the United
States, Israel, and Germany. For more information on the
ReWalk systems, please visit rewalk.com. For more information
on the AlterG systems, please visit alterg.com.
ReWalk® and ReStore® are registered trademarks
of ReWalk Robotics Ltd. in the United
States and other jurisdictions. AlterG® is a registered
trademark of AlterG, Inc. in the United
States and other jurisdictions.
Forward-Looking StatementsIn 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, as amended, and Section
21E of the U.S. Securities Exchange Act of 1934, as
amended. Such forward-looking statements may include 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 are more fully discussed in ReWalk’s periodic filings
with the Securities and Exchange Commission (“SEC”),
including the risk factors described under the heading "Risk
Factors" in ReWalk's annual report on Form 10-K and 10-K/A for the
year ended December 31, 2022 filed with
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.
ReWalk Media Relations:LifeSci CommunicationsE:
media@rewalk.com
ReWalk Investor Contact:Mike LawlessChief Financial
OfficerReWalk Robotics LtdE: investorrelations@rewalk.com
ReWalk Robotics (NASDAQ:RWLK)
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