Medical center in Italy to set up Brainsway clinic

The Deep TMS Center in Milan will open in July, and will be the first of its kind.

23 June 10 11:45, Globes' correspondent

Brainsway Ltd's (TASE:BRIN) Italian distributor Advanced Technologies Innovation Distribution srl (ATID) has signed an agreement with a medical center in the Milan area to set up a specialized clinic, the Deep TMS Center. The center will have several of Brainsway's transcranial magnetic stimulation (TMS) devices for the non-invasive treatment of neurological and psychiatric disorders.

Some of the treatments at the new center will be part of clinical trials. The Deep TMS Center will open in July, and will be the first of its kind.

Brainsway signed a distribution agreement with ATID last year, and received its first order in October.

Brainsway's share price rose 2% in morning trading to NIS 9.28, giving a market cap of NIS 389 million.

Published by Globes [online], Israel business news - www.globes-online.com - on June 23, 2010

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