BrainsWay Ltd. (NASDAQ: BWAY) shares were virtually unchanged Tuesday, as the global leader in advanced noninvasive neurostimulation treatments for mental health disorders, today announced the expanded market penetration of its Deep Transcranial Magnetic Stimulation (Deep TMS™) technology in India. After the most recent in a series of successive multisystem orders, Asha Neuromodulation Clinics (ANC) and its affiliates will own 25 Deep TMS systems, substantially increasing access to BrainsWay’s patented technology for mental health patients suffering from a range of conditions including depression, obsessive-compulsive disorder (OCD), and smoking addiction.
“We are pleased that our unique form of therapy is gaining real traction in India,” said CEO Hadar Levy. “This is further proof of BrainsWay’s strategic commitment to expanding its international footprint, and allows us the ability to make a true difference in the lives of patients in the world’s most populous country. We are proud to partner with the ANC team in making this shared vision a reality.”
“At ANC, we understand the challenges of leading a fast-paced life and the need for better outcomes in mental health care delivery," said Dr. M.S. Reddy, Director of ANC. "That is why we are working with BrainsWay to offer the most advanced therapeutic solution available in the industry throughout the country, including at our new flagship clinic in Gachibowli, as well as at Asha Hospitals in Hyderabad, Bengaluru, Vizag, Mysuru, Vijayawada, Guntur, Chandigarh, and New Delhi.”
BWAY handed over a penny at the outset on Tuesday to $2.30.
