The company is likely to sign a distribution agreement before it moves ahead with plans for a Nasdaq offering.
In the past the company's executives have hinted that their product's distributor will not be one of the big five healthcare companies but rather a company focusing on Brainsway's specific area of activity.
In recent days Brainsway's share price has risen sharply despite the absence of any formal announcements. The share price rose 25% in the past two sessions alone. The company announced today that VP marketing Amnon Gat has bought shares worth NIS 84.5 thousand.
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