Magnetics Business & Technology - September/October 2021 - 11

FEATURE ARTICLE
Deep TMS is a well-tolerated
treatment that does not cause
any adverse or long-lasting
side effects. It does not require
a significant recovery period,
and the 18-min treatment
can easily be integrated
into a patient's day-to-day
schedule.
The company's Deep TMS
flagship technology is based
on the H-Coil which features a novel patented structure designed
to maximize electrical stimulation of neurons in deep brain
regions. The coil elements are tangential to the head and close
to target brain regions with a flexible base that can be suited to
head shape. The system is designed for convergence of numerous
electric pulses from various directions with the coil elements
parallel to target bundles and location of return paths of electrical
impulses remote from the target area.
To date, more than 100,000 patients have been treated globally
with Deep TMS. The technology received FDA clearance for the
treatment of major depressive disorder in 2013 and for the treatment
of OCD in 2018. More recently, it was FDA-cleared as an aid
for short-term smoking cessation.
Brainsway helmet and H1 coil for
major depression
In April, Brainsway was granted FDA clearance for its Theta
Burst three-minute protocol utilizing its Deep TMS system for the
treatment of major depressive disorder. " Adding our three-minute
treatment protocol to the list of growing solutions available to our
provider partners expands the platform nature of this lifechanging
technology, " said Hadar Levy, senior vice president and general
manager. " Many patients and providers can benefit from significantly
shorter treatment sessions, and our Theta Burst protocol
can provide these patients with another option to manage their
treatment resistant depression. "
Now, armed with fresh cash and rising revenues, Brainsway looks
poised to grow its business further. In May, the company reported
it was holding $58.5 million cash, primarily the result of a public
offering in March that brought in $45 million. Revenues climbed to
$6 million during the first three months of this year, climbing 47%
over the same period in 2020. By the end of April, it had already
sent out its first ten devices for smoking addiction to practices
across the U.S., which use its H4 coil and cushioned helmet.
Founded in 2003, Brainsway operates from offices in Cresskill, NJ
and Jerusalem, Israel.
For more info, see www.brainsway.com.
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September/October 2021 * Magnetics Business & Technology 11
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Magnetics Business & Technology - September/October 2021

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