Parker-Hannifin formalizes collaboration agreement with Shepherd Center Parker Hannifin announced that it has formalized an agreement with Shepherd Center to support the commercialization of Parker's exoskeleton device Indego, which is planned for release in 2014. Under the general terms of the agreement, Shepherd Center will function as the lead rehabilitation center for clinical testing of the device. Shepherd Center will develop clinical protocols for use of the device, train clinicians at other rehabilitation centers where the device will be used, and monitor clinical trials. Also, the agreement includes collaboration between Parker and Shepherd Center to market the device subsequent to regulatory approval.
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On The Fly: Analyst Initiation Summary Today's noteworthy initiations include: Fairway Group (FWM) initiated with an Outperform at Credit Suisse... Hannon Armstrong Sustainable (HASI) initiated with an Outperform at RW Baird... EPL Oil & Gas (EPL) initiated with a Buy at KeyBanc... Spark Networks (LOV) initiated with an Outperform at William Blair... Parker-Hannifin (PH) initiated with a Buy at BofA/Merrill.
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