STOCK TITAN

NeuroStar® Advanced Therapy Enhanced With Wi-Fi Capabilities

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary

Neuronetics (NASDAQ: STIM) has announced its fifth FDA clearance in under two years, enhancing the NeuroStar system with improved Wi-Fi capabilities. This advancement allows providers greater flexibility in system placement and offers expanded connectivity options for TrakStar, facilitating better operational efficiency.

Dr. Kenneth Pages, a NeuroStar provider, expressed excitement over the new feature, stating it enables a focus on patient care while simplifying operations. The update is part of a broader initiative, which includes software releases for the TrakStar Patient Data Management System and a new educational campaign aimed at NeuroStar providers. The company continues to focus on improving neurohealth treatment options, underscoring its commitment to investing in technology that enhances patient and provider experiences.

Positive
  • 5th FDA clearance achieved within two years.
  • Enhanced NeuroStar system with Wi-Fi capability allows greater flexibility and connectivity.
  • Providers gain access to TrakStar features previously exclusive to cloud customers.
  • Improved data collection from various practices enables broader insights.
Negative
  • None.

Fifth FDA clearance in less than two years offers greater connectivity and flexibility to improve the patient and provider experience

MALVERN, Pa., April 06, 2023 (GLOBE NEWSWIRE) -- Neuronetics, Inc. (NASDAQ: STIM), a commercial stage medical technology company focused on designing, developing, and marketing products that improve the quality of life for patients who suffer from neurohealth disorders, announced improved internet connectivity capabilities, particularly for NeuroStar providers with restricted networks.

“By integrating Wi-Fi capability into the NeuroStar system, providers now have greater flexibility in where they place their NeuroStar system and have access to more connectivity options for TrakStar,” stated Cory Anderson, SVP of R&D and Clinical. “This latest advancement demonstrates our continued commitment to invest in technology that streamlines practice operation and allows improved access to TrakStar insights.”

NeuroStar providers using the 3.7 platform now have improved internet connectivity, granting access to all the features and benefits previously exclusive to TrakStar cloud customers while maintaining HIPAA compliance and patient security. This feature also allows data collection from additional practices, enhancing the ability to gather insights from a broader cross-section of practices.

“The new Wi-Fi feature of the NeuroStar system is exciting to have,” said Dr. Kenneth Pages, TMS of South Tampa. “It allows my practice to concentrate solely on delivering the best possible patient care while simplifying day-to-day operations.”

Neuronetics recently unveiled the first of multiple software releases for the TrakStar® Patient Data Management System this year, alongside a new educational campaign, “Get There FASTER with TrakStar,” aimed at NeuroStar providers. For more information about NeuroStar, please visit neurostar.com.

About Neuronetics
Neuronetics, Inc. believes that mental health is as important as physical health. As a global leader in neuroscience, Neuronetics is redefining patient and physician expectations with its NeuroStar Advanced Therapy for Mental Health. NeuroStar is a non-drug, noninvasive treatment that can improve the quality of life for people suffering from neurohealth conditions when traditional medication hasn’t helped. NeuroStar is FDA-cleared for adults with major depressive disorder (MDD), as an adjunct for adults with obsessive-compulsive disorder (OCD), and to decrease anxiety symptoms in adult patients with MDD that may exhibit comorbid anxiety symptoms (anxious depression). NeuroStar Advanced Therapy is the leading transcranial magnetic stimulation (TMS) treatment for MDD in adults with over 5.3 million treatments delivered. NeuroStar is backed by the largest clinical data set of any TMS system for depression, including the world’s largest depression Outcomes Registry. Neuronetics is committed to transforming lives by offering an exceptional treatment that produces extraordinary results. For safety and prescribing information, www.neurostar.com.

Media Contact:
EvolveMKD
646.517.4220
NeuroStar@evolvemkd.com


FAQ

What recent FDA clearance did Neuronetics receive for STIM?

Neuronetics received its fifth FDA clearance in under two years for enhanced connectivity capabilities in the NeuroStar system.

How does the new Wi-Fi capability affect NeuroStar providers?

The new Wi-Fi capability allows NeuroStar providers greater flexibility in system placement and access to TrakStar features.

What benefits does the upgraded NeuroStar system offer?

The upgraded NeuroStar system provides improved internet connectivity, enabling better operational efficiency and data collection.

What initiatives are Neuronetics undertaking alongside the new feature?

Neuronetics is also launching new software releases for the TrakStar Patient Data Management System and an educational campaign for providers.

Neuronetics, Inc.

NASDAQ:STIM

STIM Rankings

STIM Latest News

STIM Stock Data

88.39M
27.28M
11.1%
53.32%
2.43%
Diagnostics & Research
Surgical & Medical Instruments & Apparatus
Link
United States of America
MALVERN