Welcome to our dedicated page for Neuronetics news (Ticker: STIM), a resource for investors and traders seeking the latest updates and insights on Neuronetics stock.
Neuronetics Inc. (NASDAQ: STIM) pioneers FDA-cleared transcranial magnetic stimulation (TMS) therapies for major depressive disorder and neurohealth conditions. This dedicated news hub provides investors and healthcare professionals with essential updates about the company's noninvasive treatment innovations, financial performance, and clinical advancements.
Discover comprehensive coverage of STIM's regulatory milestones, including NeuroStar system clearances, alongside analyses of quarterly earnings and strategic collaborations. The page consolidates official press releases about TMS therapy adoption across treatment networks and developments in adolescent mental health applications.
Key updates include FDA decision alerts, partnership announcements with clinical providers like Greenbrook TMS, and presentations of new outcomes data from the world's largest depression treatment registry. Investors gain insights into operational expansions while medical professionals track evidence-based protocol enhancements.
Bookmark this page for streamlined access to Neuronetics' verified corporate communications and therapeutic innovation updates. Regularly refreshed content ensures you stay informed about advancements in non-pharmaceutical depression treatment technologies.
Neuronetics (NASDAQ: STIM), a medical technology company specializing in neurohealth disorders, has announced its participation in the Canaccord Genuity 44th Annual Growth Conference. The company's management team is set to present on Wednesday, August 14, 2024, at 3:00pm Eastern Time.
This presentation marks an important opportunity for Neuronetics to showcase its progress and future plans to investors and industry professionals. The event will be accessible via a live audio webcast on the investor relations page of Neuronetics' website at ir.neuronetics.com, allowing interested parties to tune in remotely.
As a company focused on improving the quality of life for patients with neurohealth disorders, Neuronetics' participation in this conference could provide valuable insights into their latest developments and market strategies.
Neuronetics (NASDAQ: STIM) has secured a $90 million senior secured credit facility with Perceptive Advisors. The company received an initial $50 million tranche at closing, part of which will be used to repay its existing SLR Capital term loan. Two additional tranches of $15 million and $25 million are available upon meeting certain milestones by December 31, 2025, and June 30, 2026, respectively.
The 5-year loan will support Neuronetics' initiatives, including commercial expansion, clinical indication development, and driving adoption of its NeuroStar Advanced Therapy for Mental Health. This new facility aims to strengthen the company's balance sheet and provide financial flexibility for its growth strategies in the neurohealth disorder treatment market.
Neuronetics, Inc. (NASDAQ: STIM), a medical technology company specializing in neurohealth disorders, has announced its plans to release second quarter 2024 financial and operating results before the market opens on Monday, August 12th, 2024. The company will host a conference call to discuss these results at 8:30 a.m. Eastern Time on the same day.
Investors and interested parties can access the conference call via a live webcast in listen-only mode. Additionally, participants have the option to register for the call to listen via telephone. It is recommended that attendees join 10 minutes prior to the event start time.
Neuronetics, Inc. (NASDAQ: STIM) announced that Aetna has expanded its TMS (transcranial magnetic stimulation) coverage to include adolescents aged 15 and older with major depressive disorder (MDD). This update follows the recent FDA clearance of NeuroStar TMS as the first and only TMS treatment cleared as a first-line add-on for adolescents aged 15-21. Aetna, covering over 19.4 million lives through commercial policies, has made this policy update effective immediately.
The coverage criteria specify that TMS treatment must be administered by an FDA-cleared device in accordance with FDA labeled indications. This policy update aligns with recent momentum from both commercial and government payers to expand adolescent coverage for TMS Therapy, including updates from Medi-Cal and Humana.
Neuronetics announced that California Medicaid (Medi-Cal) has added coverage for its NeuroStar TMS therapy for adolescents and adults aged 15 and older suffering from major depressive disorder (MDD).
This follows FDA clearance for NeuroStar TMS as a first-line add-on treatment for adolescents (15-21). The new policy, impacting 14.8 million people, takes effect on August 1, 2024.
In addition to Medi-Cal, Neuronetics recently secured TMS policy updates from BlueCross BlueShield of Michigan, Cambia Health, and Humana. NeuroStar TMS is the first and only FDA-cleared TMS therapy for adolescents, with a dedicated health policy team advocating for coverage expansions.
Neuronetics, a medical technology company, announced expanded TMS (transcranial magnetic stimulation) access for adolescents aged 15 and older. BlueCross BlueShield (BCBS) of Michigan and Cambia Health Solutions updated their policies following NeuroStar TMS's FDA clearance as a first-line add-on treatment for major depressive disorder (MDD) in adolescents. BCBS Michigan covers 4.9 million lives, while Cambia Health Solutions, through its subsidiaries, covers 2.5 million lives in several states. These policy updates will be effective September 1, 2024. Neuronetics is the first TMS company with FDA clearance for adolescent treatment and a dedicated health policy team.
Neuronetics (NASDAQ: STIM) has launched the Better Me Provider (BMP) program nationwide, setting new standards for patient care in the mental health industry. The program, developed with TMS medical experts, aims to improve treatment accessibility for conditions like MDD, OCD, and anxious depression. During its pilot phase, BMP improved response times by 6.4x and enabled providers to treat 58% more patients. It also sped up patient engagement, achieving 3.6x more motor threshold determinations. Currently, 300 sites are active, with 125 more preparing to join.
Neuronetics announced its participation in the 12th Annual Clinical TMS Society (CTMSS) Meeting in London from June 13-15, 2024. They will present six posters and one oral presentation showcasing data from the NeuroStar TMS System. Highlights include early prediction of nonresponse in major depressive disorder, the impact of treatment timing, efficacy of accelerated TMS protocols, effectiveness in adolescents, and symptom sensitivity to TMS treatment. NeuroStar will also exhibit at booth #303, aiming to establish itself as the leading provider of TMS devices.
Neuronetics (NASDAQ: STIM) announced that its management team will present at the William Blair 44th Annual Growth Stock Conference on June 6, 2024, at 10:00am Central Time. The presentation will be accessible via a live audio webcast on their investor relations webpage. Neuronetics, a medical technology company, focuses on developing and marketing products to improve the lives of patients with neurohealth disorders.
Neuronetics (NASDAQ: STIM) announced that Humana is the first commercial payer to update its policy following the recent FDA clearance for NeuroStar TMS therapy for adolescents aged 15-21 with major depressive disorder (MDD). This policy change, effective April 25, 2024, comes just one month after the FDA's March 25, 2024 clearance. Humana's TMS coverage, previously to individuals 18 and older, now includes those aged 15-17, subject to medical director review. Humana covers around 600,000 commercial lives in the U.S. This significant advancement highlights the urgent mental health needs of the adolescent population and reinforces Neuronetics' strategic focus on advocating for health policy updates.
