system allows paralyzed to stand and walk independently; Approval is expected to help the company realize its plans to go public or be sold at a high price
Argo Medical Corporation announced today (Friday) on receiving FDA approval for company’s REWALK system which allows paralyzed to go with it. Certification will be conducted with the help paralyzed in their homes, which until now have only been able rehabilitation centers. According to estimates, is expected to help the company realize certificate programs to its issuance, or alternatively to be sold at a high price. The submission process led the Israeli team in collaboration with the American team using Orcanos QPack medical manages the production of all documents, including changes in content in software validation documents along with Traceability tables automatically generated with non-contact person.
Last March revealed “Kalkalist” Argo Medical intention to go public on NASDAQ at a value of $ 250 million – the value may even be higher if the company will issue shortly.
QPack Medical System is a system for managing development processes and quality for companies and manufacturers of Medical Equipment, containing the largest number of processes in one system integratively. Recently Orcanos released the seventh generation of the system and added two primary processes in Medical device product quality system. One document management system that includes electronic signatures subject to the conditions of 21 CFR Part 11 and the other, customer complaints management system in accordance with ISO 13485 section 4.2. These additions allows Orcanos SMB market also to handle the development of small firms in relation to changes in the process of quality. Also Orcanos added a new key component that enables us to work with external subcontractors and document changes QPack Web which saves time synchronization.
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company, located in Yokneam, founded by Dr. Amit Goffer, four limbs paralyzed himself . The company, established in 2001, currently employs 50 employees in Israel and around the world. The system developed has received numerous awards and was shown at various events over the years, including President Barack Obama during his visit to the country.
Japanese Yaskawa Corporation (YASKAWA Electric) is considered a leading candidate to buy the company. Last year Argo Medical signed the strategic cooperation agreement with the corporation, which invested $ 10 million in the company, and signed her exclusive distribution agreement in Japan and China and the creation of customer service in Singapore, Thailand, Btayewan and South Korea. With investors include Life Sciences Fund also VitaLife Foundation, nitroprusside and Pontifax Fund.
According to reports, Argo has about 30 centers in the world who offer the system, and 200 who were trained to be assisted paralyzed her.
ReWalk is an exoskeleton suit that enables people with disabilities and lower limbs paralyzed stand and walk independently without assistance. Exoskeleton suit battery operated daily prolonged use, allowing the user convenience without having to recharge. ReWalk system is controlled by a computer and motion sensors, and controls movement through subtle changes in center of gravity, mimics natural gait and walking speed provides functional.
About the author, Zohar PeretzZohar has 18 years of experience in leading software development products, at leading software companies and startups. Using his vast experience in software development, Zohar has identified the need for a holistic solution for R&D departments, and together with Rami and a small development team, they established Orcanos ALM in 2005.
Since then, Orcanos software has evolved to other domains such as quality control and specific industries, such as medical device.
Zohar holds a BA degree in Industrial Engineering.