ReWalk Soars on Coverage to Let Paralyzed U.S. Veterans Walk
- Department of Veterans Affairs to cover education, training
- Not all VA centers provide training to use equipment
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ReWalk Robotics Ltd. shares surged after the U.S. Department of Veterans Affairs agreed to pay for the company’s robotic exoskeleton to help paralyzed soldiers walk again.
The shares rose 83 percent to $11 at the close in New York, the biggest single-day jump since their September 2014 debut. The stock had fallen from a peak of $37.15 just days after the initial public offering as the Israeli company struggled to build a market for the device that is strapped onto paraplegics to power their knees and hips and provide support as they walk again.