BIONIK Laboratories Reports 15-20% Increase in Therapeutic Gains on InMotion® Robotic Devices in New Patient Outcomes Data Report

BIONIK Laboratories Reports 15-20% Increase in Therapeutic Gains on InMotion® Robotic Devices in New Patient Outcomes Data Report




BIONIK Laboratories Reports 15-20% Increase in Therapeutic Gains on InMotion® Robotic Devices in New Patient Outcomes Data Report

A new whitepaper from BIONIK documents the positive clinical effects experienced by stroke patients with InMotion Therapy Robots

BOSTON–(BUSINESS WIRE)–BIONIK Laboratories Corp. (OTCQB:BNKL) (“BIONIK” or the “Company”), a robotics company focused on providing rehabilitation and assistive technology solutions to individuals with neurological and mobility challenges from hospital to home, today announced the release of a new whitepaper, Using IoT Data to Quantify InMotion® Therapy Gains on Upper Extremity Motor Impairments, detailing the significant clinical effects of InMotion Robotic technology on patient recovery. In the report, patients utilizing InMotion® robotic devices measured upwards of 15-20% improvement over a 14-day time-frame. The new data suggests additional sessions with InMotion® robots improve a patient’s ability to move more smoothly, with intention, and in a controlled manner.

BIONIK’s products of InMotion® Robots for rehabilitation following stroke and other neurological conditions help patients to regain arm and hand movement. The reported clinical gains highlighted in the whitepaper show greater therapeutic gains associated with an increase of InMotion® therapy sessions for patients suffering from upper-extremity motor impairments. For all metrics measured, patients who had three or more sessions within a 14-day period had improved at least 8% more than patients who had two sessions, who also experienced an increase in improvements, which furthers the case for continued use of the InMotion technology. For some metrics, the increase in improvement was even higher, including:

  • 15.1% increase in improvement of Smoothness, which is defined by the measure of the smoothness in the velocity of arm movement. Smoothness is important for tasks such as independent feeding and cooking.
  • 17% increase in improvement with Movement Efficiency, or the ratio of the total distance of the patient’s movement path with respect to the straight-line distance between the targets. A larger value indicates a greater ability to directly move between two points.
  • 18.1% increase in improvement with Motion Jerk, the time derivative of acceleration. Motion jerk is an indication of the patient’s control of arm motion and ability to produce smooth movement.
  • 19.7% increase in Mean Velocity, the velocity of a patient’s movement from target to target.

“Asset utilization is a priority for both hospital and out-patient management teams, and with InMotion’s data showing an increase in patient gains across various movements, we’re thrilled to offer a solution that will engage clinicians to employ the devices to garner the same positive patient outcomes,” said Richard Russo, Jr., interim CEO and Chief Financial Officer of BIONIK.

“Data is at the core of our products, and building on our foundation of technology and software, BIONIK will continue to further develop its software services around the patient journey through superior data and the AI capabilities with expert led partnerships.”

The number of hospitals and rehabilitation centers in the U.S. utilizing an InMotion robotic device has increased three-fold since 2019. Through BIONIK’s partnership with Kindred hospitals across the country, who use InMotion® robotic devices within their Inpatient Rehabilitation Facilities, more than 250 patients utilize the assistive robotic devices each month.

BIONIK currently has approximately 280 InMotion® robotic systems in use to help stroke patients and those with other neurological conditions regain arm and hand movement through a combination of sensory-motor and visual cues along with provision of assist-as-needed motor learning reeducation techniques in the form of a neurotherapeutic robot.

To access a copy of the whitepaper, please visit: https://info.bioniklabs.com/whitepaper_iot_data_therapy_gains

To learn more, visit our website: www.bioniklabs.com

About BIONIK Laboratories Corp.

BIONIK Laboratories is a robotics company focused on providing rehabilitation and mobility solutions to individuals with neurological and mobility challenges from hospital to home. The Company has a portfolio of products focused on upper and lower extremity rehabilitation for stroke and other mobility-impaired patients, including three products on the market and two products in varying stages of development.

For more information, please visit www.BIONIKlabs.com and connect with us on Twitter, LinkedIn, and Facebook.

Forward-Looking Statements

Any statements contained in this press release that do not describe historical facts may constitute forward-looking statements. Forward-looking statements, which involve assumptions and describe our future plans, strategies, and expectations, are generally identifiable by use of the words “may,” “should,” “would,” “will,” “could,” “scheduled,” “expect,” “anticipate,” “estimate,” “possible,” “believe,” “intend,” “seek,” or “project” or the negative of these words or other variations on these words or comparable terminology.

Forward-looking statements may include, without limitation, statements regarding (i) the plans and objectives of management for future operations, including plans or objectives relating to the design, development and commercialization of robotic rehabilitation products and other Company products, (ii) a projection of income (including income/loss), earnings (including earnings/loss) per share, capital expenditures, dividends, pipeline of potential sales, capital structure or other financial items, (iii) the Company’s future financial performance, (iv) the market and projected market for our existing and planned products and (v) the assumptions underlying or relating to any statement described in points (i), (ii), (iii) or (iv) above.

Such forward-looking statements are not meant to predict or guarantee actual results, performance, events or circumstances, and may not be realized because they are based upon the Company’s current projections, plans, objectives, beliefs, expectations, estimates and assumptions, and are subject to a number of risks and uncertainties and other influences, many of which the Company has no control. Actual results and the timing of certain events and circumstances may differ materially from those described by the forward- looking statements as a result of these risks and uncertainties. Factors that may influence or contribute to the inaccuracy of the forward-looking statements or cause actual results to differ materially from expected or desired results may include, without limitation, the Company’s inability to obtain additional financing, the inability to meet listing standards to uplist to a national stock exchange, the significant length of time and resources associated with the development of our products and related insufficient cash flows and resulting illiquidity, the impact on the Company’s business as a result of the Covid-19 pandemic, the Company’s continued going concern qualification, the Company’s inability to expand the Company’s business, significant government regulation of medical devices and the healthcare industry, lack of product diversification, volatility in the price of the Company’s raw materials, and the Company’s failure to implement the Company’s business plans or strategies. These and other factors are identified and described in more detail in the Company’s filings with the SEC. The Company does not undertake to update these forward-looking statements.

Contacts

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PCG Advisory

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646.863.6341