Two Years After Its IPO, Israeli Firm ReWalk Robotics Is Still Stumbling

But exoskeleton maker confident it can get back on its feet as more insurers sign on and accord with U.S. veterans affairs department takes effect.

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Two months ago, the Cybathlon, the world’s first “bionic Olympics,” were held in Switzerland. Competitors were allowed to use assistive technology such as robotic prostheses and exoskeletons to help them...