Brainsway Ltd. (TASE:BRIN) has started sales of its Deep TMS (transcranial magnetic stimulation) device in the US for non-invasive treatment of major depression, after completing production of the first 100 devices at a standard suitable for marketing.
Brainsway will unveil the Deep TMS for the US market at the American Psychological Association (APA) annual meeting in
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mid-May in San Francisco.In late 2012, Brainsway obtained US Food and Drug Administration (FDA) approval for the Deep TMS device for the treatment of depression in patients who fail to respond to therapeutics during a depression episode. Health Canada approved the product for this indication shortly afterwards.