Lifeward Stock Falls Despite FDA Clearance of ReWalk 7 Exoskeleton [Yahoo! Finance]
Boston Scientific Corporation (BSX)
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Source: Yahoo! Finance
This next-generation wearable device is designed to help individuals with spinal cord injuries (SCI) stand and walk, featuring new and enhanced functionalities aimed at improving user experience and mobility outcomes. The FDA clearance marks a significant milestone for Lifeward, reinforcing its leadership in the medical exoskeleton market. With prior regulatory and reimbursement wins, the launch of ReWalk 7 positions the company to expand its reach and continue delivering cutting-edge solutions to the SCI community. Likely Trend of LFWD Stock Following the News Following the announcement, shares of the company moved south 5.6% and closed at $1.51 on Friday. In the past six months, LFWD shares have lost 52.2% against the industry's 8.4% growth. The S&P 500 improved 0.4% in the same time frame. However, the FDA clearance of the ReWalk 7 Exoskeleton positions Lifeward for long-term stock growth by strengthening its leadership in the exoskeleton market and expanding its addressabl
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