Brainsway depression treatment gets European OK

Brainsway is currently conducting a number of clinical trials in parallel to test the effectiveness of Deep TMS for treating several diseases.

Brainsway Ltd. (TASE:BRIN) has obtained EU CE Mark certification to market its Deep TMS (transcranial magnetic stimulation) for the treatment of depression. Deep TMS has been developed to treat a range of neurological disorders by non-invasive therapy.

In October 2008, Brainsway obtained CE Mark certification to market Deep TMS for the treatment of manic depression (bipolar disorder) in the EU following the success of a clinical trial for this indication.

Brainsway is currently conducting a number of clinical trials in parallel to test the effectiveness of Deep TMS for treating several diseases. In April, it announced a trial of the device to treat cocaine addition with the US National Institute on Drug Abuse, a unit of the National Institutes of Health.

Yesterday, the company announced preliminary good interim results for Deep TMS for the treatment of Parkinson's disease conducted at Sheba Medical Center Tel Hashomer, in Israel.

Brainsway's share rose 7% by mid-afternoon to NIS 10.90, giving a market cap of NIS 394.5 million.

Published by Globes [online], Israel business news - www.globes-online.com - on September 3, 2009

© Copyright of Globes Publisher Itonut (1983) Ltd. 2009

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