ReWalk Completes Amendment with Wyss Institute at Harvard University to Extend Agreement to June 2022
ReWalk Robotics Ltd. - Ordinary Shares (RWLK)
Last rewalk robotics ltd. - ordinary shares earnings: 2/20 07:45 am
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Source: GlobeNewswire
MARLBOROUGH, Mass. and YOKNEAM ILIT, Israel, July 19, 2018 (GLOBE NEWSWIRE) -- ReWalk Robotics, Ltd. (Nasdaq:RWLK) ("ReWalk" or the "Company") announced today that the Company has completed an amendment to the working agreement with the Wyss Institute at Harvard University (Wyss). The key modification was an extension of the existing and previously disclosed agreement by one year, effective July 1, 2018, until June 2022 versus a completion date of June 2021. This extension allows ReWalk to complete additional research programs with Wyss as well as to pace the efforts more efficiently. The total investment by ReWalk remains unchanged and will be spread out over an extra year, which is expected to benefit the Company’s cash flow. The amendment is available in the Company’s Current Report on Form 8-K filed on June 29, 2018. The U.S. Securities and Exchange Commission (“SEC”) granted confidential treatment to the Company on July 13, 2018 for certain confidential terms in the amendmen
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