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BrainsWay Ltd. (NASDAQ & TASE: BWAY) is a leading global neurostimulation company headquartered in Jerusalem and the U.S., specializing in advanced noninvasive treatments for mental health disorders. With its proprietary Deep Transcranial Magnetic Stimulation (Deep TMS) technology, BrainsWay has revolutionized the field of brain disorder treatment, offering hope to millions of patients worldwide.
The company's innovative solutions target major depressive disorder (MDD), obsessive-compulsive disorder (OCD), and smoking addiction. BrainsWay's Deep TMS is FDA-cleared for its efficacy in treating these conditions. Clinical trials are ongoing for additional indications, including various psychiatric, neurological, and addiction disorders, aiming to expand the reach of this cutting-edge technology.
BrainsWay's treatments are non-invasive, safe, and convenient, typically requiring only brief daily sessions over a few weeks. This approach has already treated over 10,000 patients, delivering significant improvements without long-term side effects. The company leases and sells its Deep TMS systems, generating revenue while expanding its global footprint.
Recent collaborations, such as the partnership with Katie’s Way for providing mental health care to U.S. servicemembers, veterans, and their families, highlight BrainsWay's commitment to addressing critical mental health needs. This partnership underscores the transformative impact of Deep TMS technology in treating depression, particularly within the military community, where mental health issues are on the rise.
BrainsWay has also achieved significant milestones, such as being the first TMS company to receive three FDA-clearances for different indications, backed by pivotal clinical studies. The company's financial health is robust, with a reported 37% year-over-year revenue growth in the first quarter of 2024 and positive net income for consecutive quarters.
Looking ahead, BrainsWay continues to pursue innovations, including a clinical trial comparing accelerated Deep TMS protocols with standard treatments. This trial aims to enhance the convenience and appeal of Deep TMS, potentially broadening its market reach.
For more information about BrainsWay and its latest news, visit the company's website or follow their updates on StockTitan.
BrainsWay Ltd. has appointed Eric Hirt as Vice President of U.S. Sales, bringing over 20 years of medical device sales and marketing experience. Hirt's role will focus on promoting the company's Deep Transcranial Magnetic Stimulation (Deep TMS™) system, aimed at expanding its market presence and increasing demand for its FDA-cleared treatment indications. The company highlights its commitment to advancing mental health solutions through innovative technology, backed by robust clinical evidence.
BrainsWay Ltd. (NASDAQ: BWAY) will showcase its Deep TMS™ technology for treating major depressive disorder at the Clinical TMS Society Annual Meeting in Chicago. An analysis of real-world data from 1,750 patients supports the efficacy of Deep TMS. The company aims to enhance noninvasive neurostimulation through innovative technologies and research. Alongside depression, BrainsWay's treatment includes indications for obsessive-compulsive disorder and smoking addiction. The company has multiple upcoming presentations at psychiatric conferences throughout May and June 2022.
BrainsWay Ltd. (NASDAQ: BWAY) announced it will report its first-quarter financial results and operational highlights on May 11, 2022, before U.S. markets open. The company will host a conference call at 8:30 AM ET to discuss the results and provide business updates. BrainsWay specializes in advanced noninvasive neurostimulation treatments for mental health disorders and is known for its FDA-cleared Deep Transcranial Magnetic Stimulation (Deep TMS™) technology, with indications for major depressive disorder, obsessive-compulsive disorder, and smoking addiction.
BrainsWay Ltd. (NASDAQ: BWAY) appoints Dr. Joachim Seidel as the new Vice President of Corporate Development and Strategy, effective March 28, 2022. With over 20 years in the medical device sector, Dr. Seidel aims to drive strategic opportunities and enhance corporate development initiatives globally. His background includes leadership roles at Covidien, Medtronic, and PAREXEL, with a proven track record in market expansion and M&A. The company's focus on expanding its Deep TMS therapy aligns with its commitment to maximize stakeholder value.
BrainsWay Ltd. (NASDAQ: BWAY) announced a KOL webinar on Deep TMS™ Therapy for anxious depression set for March 22, 2022, at 10:30 am ET. KOL Shan H. Siddiqi, M.D. from Harvard Medical School will discuss the treatment landscape for anxious depression, where 60-90% of patients with major depressive disorder also experience anxiety. BrainsWay’s patented therapy is proven to reduce anxiety symptoms in depressed patients. Interested participants can register here.
BrainsWay Ltd. (NASDAQ: BWAY) reported a 34% revenue growth in 2021, reaching $29.7 million, compared to $22.1 million in 2020. Fourth-quarter revenues rose 20% to $8.5 million. The company improved its cash position to $57.3 million, reflecting positive operational cash flow. Notably, BrainsWay received a Local Coverage Determination from Medicare, expanding coverage for Deep TMS therapy to 60 million patients. Gross margins remained steady at 77%, while operating expenses increased to $8.0 million. The net loss for the year was $6.5 million.
Burlington, Mass., and Jerusalem, March 01, 2022 - BrainsWay Ltd. (NASDAQ: BWAY) announced that CEO Christopher von Jako, Ph.D., will present at the 32nd Annual Oppenheimer Healthcare Conference. The event will take place from March 15 to March 17, 2022, with BrainsWay's presentation scheduled for March 16 at 2:40 PM ET. The company specializes in noninvasive neurostimulation treatments for mental health disorders, including major depressive disorder and obsessive-compulsive disorder. Investors interested in meetings should contact their Oppenheimer representative.
BURLINGTON, Mass. and JERUSALEM, Feb. 28, 2022 – BrainsWay Ltd. (NASDAQ: BWAY) will report its fourth quarter and full year 2021 financial results on March 9, 2022, before U.S. markets open. A conference call and webcast, scheduled for 8:30 AM ET, will discuss the results and operational updates. BrainsWay is a leader in noninvasive neurostimulation for mental health, with FDA-cleared treatments for major depressive disorder, obsessive-compulsive disorder, and smoking addiction. The company aims to raise awareness and access to its Deep TMS technology, supported by robust clinical evidence.
BrainsWay Ltd. (NASDAQ: BWAY) announced new research validating its Deep TMS™ treatment for anxiety symptoms associated with depression. The analysis, published in the Journal of Clinical Medicine, analyzed data from multiple trials, revealing that Deep TMS is significantly effective for patients with high anxiety, a group traditionally seen as less responsive to treatment. These findings enhance BrainsWay's leadership in psychiatric care, providing potential hope for the many patients experiencing anxious depression, which affects an estimated 13 to 19 million adults in the U.S. annually.
BURLINGTON, Mass. and JERUSALEM, Feb. 01, 2022 – BrainsWay (NASDAQ: BWAY), a leader in noninvasive neurostimulation for mental health disorders, announced its CEO, Christopher von Jako, will present at the BTIG MedTech, Digital Health, Life Science & Diagnostic Tools Conference from February 15-17, 2022. A fireside chat is scheduled for February 15 at 9:30am ET. The company aims to enhance awareness and access to its Deep TMS technology, which treats conditions like major depressive disorder and smoking addiction. Investors interested in meetings should contact their BTIG representative.
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