Navigation Links
Bionik Labs Friendly Robots Help Stroke Victims
Date:11/15/2016

NEW YORK, Nov. 15, 2016 /PRNewswire/ -- We are at the point of paradigm shift in treating stroke victims. High tech solutions are about to bring improvements that have been unthinkable. Bionik Laboratories is a pioneer in the field with a clear path to extraordinary growth.

Of the 800,000 annual stroke victims in the US annually, 50% are severely impaired enough to undergo 4-10 weeks of rehab. They are also ideal candidates for robotic therapy. Currently rehabs are therapy gyms making patients re-learn movements, make living as comfortable as possible under difficult circumstances and prevent life threatening repercussions. New technology does not seem to have made any inroads except rudimentary robot assisted walking therapy. There is nothing about upper body robot assisted therapy. BNKL is about to change that.

Bionik Laboratories  (Toronto, Boston) is about to enter the upper body neurorehab market. It's fully FDA approved products are:

InMotion ARM for upper extremity neurorehab. InMotion Hand which is an add on to the above in order to facilitate 'grasp and release'. InMotion WRIST to facilitate up and down movements.

The potential immediate demand for these products is staggering. In 2017, the demand for InMotion Clinic at $125,000 should be 8,000 annually or nearly  $1 billion. In 2019, InMotion Home at only $4,500 should be 900,000 worldwide or $4 billion. Prudence dictates caution that these benchmarks may not be reached because of unanticipated reasons. However, the order of magnitude demands attention.

Bionik Laboratories was founded by Michal Prywata, who developed brain controlled exoskeletons while an engineering undergraduate student. Peter Bloch, CEO, has navigated BNKL from a tech innovator to a commercial purveyor of technology in largely under-served markets. Bloch acquired In Motion Technology, a pioneering company in this space founded by MIT professors Hogan and Krebs. Dr. Hogan is the acknowledged 'father of exoskeleton'. Recently, BNKL hired Tim McCarthy, a veteran of the industry to head the global commercialization and sales team.

MIT professors and entrepreneurs Hogan and Krebs add greater depth to BNKL than any other company in health robotics. Two somewhat similar companies, Cyberdyne (Japan ) and MindMaze (Switzerland) have  $2.5 bil. and  $1.0 bil. valuations. Bionik Laboratories  (BNKL) is approximately $100 mil.

Ray Dirks
Dirks Research
1-917-923-0487
(Dirks exposed Equity Funding stock fraud, second only to Enron)

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/bionik-labs-friendly-robots-help-stroke-victims-300362723.html


'/>"/>
SOURCE Bionik Laboratories
Copyright©2016 PR Newswire.
All rights reserved


Related medicine technology :

1. Bionik Laboratories Raises $6.2 Million
2. Bionik Laboratories Completes US$13.1 Million Private Placement
3. Bionik Laboratories Reports 2015 Second Quarter Financial Results and Provides Business Update
4. Bionik Laboratories Commences Trading on OTCQX under Ticker Symbol BNKL
5. Bionik Laboratories Launches Digital Corporate Communication Channels
6. Bionik Laboratories to Present at the 14th Annual BIO Investor Forum on October 21, 2015
7. Bionik Laboratories Awarded Nasdaq Entrepreneurial Center Resource Prize at Kairos Global Summit
8. Bionik Laboratories Presents for His Royal Highness Prince Edward, Earl of Wessex, at the DMZ at Ryerson University
9. Bionik Laboratories to Present at the 8th Annual LD Micro Main Event on December 3, 2015
10. Bionik Laboratories to Utilize Machine Learning and Analytics to Improve Neurological Rehabilitation
11. Bionik Laboratories to Present at the 18th Annual BIO CEO & Investor Conference on February 8, 2016
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/4/2017)... 2017  South Korean-based healthcare product Development Company I.M. ... on Kickstarter. The device will educate the user about ... better efficiency compared to the dated and pricey CPR ... efficacy of the compression for a more informed CPR ... to raise $5,000. ...
(Date:10/4/2017)... , Oct. 4, 2017 ... single-use, self-contained, illuminating medical devices, today announced regulatory ... Health Surveillance Agency (or Agência Nacional de Vigilância ... first single-use, cordless surgical retractor with integrated LED ... optimal access, illumination and exposure of a tissue ...
(Date:10/2/2017)...  Eli Lilly and Company (NYSE: LLY ... quarter of 2017 on Tuesday, October 24, 2017. Lilly ... with the investment community and media to further detail ... will begin at 9 a.m. Eastern time. Investors, media ... of the conference call through a link that will ...
Breaking Medicine Technology:
(Date:10/13/2017)... (PRWEB) , ... October 13, 2017 , ... PurhealthRX ... CBD Oil utilizing Purzorb™ technology. Applying the Purzorb™process to full spectrum CBD oil will ... and providing a CBD form that can be easily incorporated into liquid products, while ...
(Date:10/13/2017)... (PRWEB) , ... October 13, 2017 , ... Many families ... However, many long-term care insurance companies have a waiver for care if the client ... elimination period, when the family pays for care, is often waived, so the benefits ...
(Date:10/13/2017)... Texas (PRWEB) , ... October 13, 2017 , ... Yisrayl ... this week that explains one of the most popular and least understood books in ... like cryptic and puzzling descriptions that have baffled scholars for centuries. Many have tossed ...
(Date:10/13/2017)... ... , ... “America On The Brink”: the Christian history of the United States ... creation of published author, William Nowers. Captain Nowers and his wife, Millie, have ... thirty years in the Navy. Following his career as a naval aviator and ...
(Date:10/12/2017)... (PRWEB) , ... October 12, 2017 , ... ... products to meet the demand of today’s consumer and regulatory authorities worldwide. From ... probiotic experts and tested to meet the highest standard. , These products ...
Breaking Medicine News(10 mins):