Argo Medical of Israel plans to open its US headquarters in Marlborough
Argo Medical Technologies Ltd., an Israeli company that makes exoskeleton devices enabling paraplegics to walk, said Tuesday that it will be opening its US headquarters in Massachusetts and expects to employ up to 40 people here within the next three to five years.
The announcement was made in dramatic fashion at the AdvaMed 2012 convention, which drew more than 2,000 medical technology professionals to the Boston Convention and Exhibition Center.
Former US Army Sgt. Theresa Hannigan, confined to a wheelchair because of an autoimmune disease contracted during her Vietnam-era service, demonstrated Argo’s ReWalk device by climbing down from a podium at the Massacusetts pavilion and ambling around the exhibition hall.
“I am standing, and the doctors told me I would never stand again,” Hannigan said.
Argo chief executive Larry Jasinski, a veteran of Boston Scientific Corp., said the company has chosen Marlborough for its US headquarters and will ramp up employment there if the ReWalk device is approved by the Food and Drug Administration next year. The device was approved by European regulators last month.
Jasinski said sales, marketing, clinical, regulatory, and reimbursement operations will be based in Marlborough, while research and production will remain in Yokneam, Israel.
Governor Deval Patrick, who joined Jasinski in announcing the move to Massachusetts, said, “Not only is Argo going to bring new jobs to our life sciences supercluster, it’s also going to bring amazing, groundbreaking technology.”
No state funds were used to attract the company to Massachusetts.Robert Weisman can be reached at firstname.lastname@example.org.