Company Update (NASDAQ:EKSO): Ekso Bionics Holdings, Inc. Announces New Clinical Trial Underway in Europe
Ekso Bionics Holdings, Inc. (OTCQB:EKSO), a leading global robotic exoskeleton company, announced a new randomized comparative clinical trial is currently underway in Europe. The trial is called “The MOST Study” (Mobility improved after stroke when a robotic device was used in comparison to physical therapy) and is being initialized by Professor Dr. med. F. Hamzei, MD, MHBA, Chief physician of Department of Neurological Rehabilitation, Moritz Klinik. This study is investigating the impact of gait training with the Ekso GT™ on functional independence of 80 patients with impaired gait as a consequence of stroke, when compared to conventional physiotherapy alone.
“Based on our early observation, gait training with Ekso GT has shown to be a superior method over conventional physiotherapy techniques alone to improve rehabilitation of stroke patients,” said Professor Hamzei. “Stroke is one of the most common causes of chronic disability and can have long term debilitating effects. Intervening early and regularly with advanced assistive devices such as Ekso GT may significantly positively impact stroke patients’ overall motor recovery and help to regain or maintain their independence. That‘s our hypothesis in the ongoing randomized controlled study”.
Early observations from clinical use of Ekso GT for rehabilitation of stroke patients at Moritz Klinik led to the development of the MOST study. In this study the Ekso GT will be used daily in one group, while in the control group patients will be treated with conventional physiotherapy alone, in a daily training program, over the course of three weeks. The level of functional mobility will then be compared between both groups. The study is scheduled to conclude mid-year 2017.
“Early research suggests that Ekso GT, with our smart Variable Assist software, may help patients achieve better outcomes by providing an unparalleled opportunity for early mobilization and high intensity gait therapy,” said Thomas Looby, president and chief commercial officer. “It is exciting to see these early findings be the catalyst for a more significant study. We are pleased this trial is underway and eager to see the results.” (Original Source)
Shares of Ekso Bionics Holdings closed last Friday at $0.911, up $0.07 or 7.81%. EKSO has a 1-year high of $2.34 and a 1-year low of $0.78. The stock’s 50-day moving average is $1.19 and its 200-day moving average is $1.19.
Ekso Bionics Holdings Inc designs, develops and sells wearable bionic human exoskeletons that have applications in healthcare, industrial, military, and consumer markets.