{"id":768866,"date":"2023-07-11T08:39:29","date_gmt":"2023-07-11T12:39:29","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/brainsway-accelerates-international-expansion-in-india\/"},"modified":"2023-07-11T08:39:29","modified_gmt":"2023-07-11T12:39:29","slug":"brainsway-accelerates-international-expansion-in-india","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/brainsway-accelerates-international-expansion-in-india\/","title":{"rendered":"BrainsWay Accelerates International Expansion in India"},"content":{"rendered":"

\nMultisystem Purchases by Asha Neuromodulation Clinics (ANC) Allow for Increased Access to Deep TMS\u2122
\n<\/h2>\n
\n

BURLINGTON, Mass. and JERUSALEM, July 11, 2023 (GLOBE NEWSWIRE) — BrainsWay Ltd. (NASDAQ & TASE: BWAY) (\u201cBrainsWay\u201d or the \u201cCompany\u201d), a global leader in advanced noninvasive neurostimulation treatments for mental health disorders, today announced the expanded market penetration of its Deep Transcranial Magnetic Stimulation (Deep TMS\u2122) technology in India. After the most recent in a series of successive multisystem orders, Asha Neuromodulation Clinics (ANC) and its affiliates will own 25 Deep TMS systems, substantially increasing access to BrainsWay\u2019s patented technology for mental health patients suffering from a range of conditions including depression<\/a>, obsessive-compulsive disorder (OCD<\/a>), and smoking addiction<\/a>.<\/p>\n

\u201cWe are pleased that our unique form of therapy is gaining real traction in India,\u201d said Hadar Levy, Chief Executive Officer of BrainsWay. \u201cThis is further proof of BrainsWay\u2019s strategic commitment to expanding its international footprint, and allows us the ability to make a true difference in the lives of patients in the world\u2019s most populous country. We are proud to partner with the ANC team in making this shared vision a reality.\u201d<\/p>\n

\u201cAt ANC, we understand the challenges of leading a fast-paced life and the need for better outcomes in mental health care delivery,” said Dr. M.S. Reddy, Director of ANC. “That is why we are working with BrainsWay to offer the most advanced therapeutic solution available in the industry throughout the country, including at our new flagship clinic in Gachibowli, as well as at Asha Hospitals in Hyderabad, Bengaluru, Vizag, Mysuru, Vijayawada, Guntur, Chandigarh, and New Delhi.\u201d<\/p>\n

\n About BrainsWay<\/strong>
\n
BrainsWay is a global leader in advanced noninvasive neurostimulation treatments for mental health disorders. The Company is boldly advancing neuroscience with its proprietary Deep Transcranial Magnetic Stimulation (Deep TMS\u2122) platform technology to improve health and transform lives. BrainsWay is the first and only TMS company to obtain three FDA-cleared indications backed by pivotal clinical studies demonstrating clinically proven efficacy. Current indications include major depressive disorder (including reduction of anxiety symptoms, commonly referred to as anxious depression), obsessive-compulsive disorder, and smoking addiction. The Company is dedicated to leading through superior science and building on its unparalleled body of clinical evidence. Additional clinical trials of Deep TMS in various psychiatric, neurological, and addiction disorders are underway. Founded in 2003, with offices in Burlington, MA and Jerusalem, Israel, BrainsWay is committed to increasing global awareness of and broad access to Deep TMS. For the latest news and information about BrainsWay, please visit\u00a0www.brainsway.com<\/a>.<\/p>\n

\n Forward Looking Statements <\/strong>
\n
This press release contains \u201cforward-looking statements\u201d within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be preceded by the words \u201cintends,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201cplans,\u201d \u201cexpects,\u201d \u201canticipates,\u201d \u201cprojects,\u201d \u201cpredicts,\u201d \u201cestimates,\u201d \u201caims,\u201d \u201cbelieves,\u201d \u201chopes,\u201d \u201cpotential\u201d or similar words. These forward-looking statements and their implications are based on the current expectations of the management of the Company only and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. In addition, historical results or conclusions from scientific research and clinical studies do not guarantee that future results would suggest similar conclusions or that historical results referred to herein would be interpreted similarly in light of additional research or otherwise. The commercial events described herein may not necessarily correlate with financial results within any time periods expressly or implicitly attributed to such events. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: inadequacy of financial resources to meet future capital requirements; changes in technology and market requirements; delays or obstacles in launching and\/or successfully completing planned studies and clinical trials; failure to obtain approvals by regulatory agencies on the Company\u2019s anticipated timeframe, or at all; inability to retain or attract key employees whose knowledge is essential to the development of Deep TMS products; unforeseen difficulties with Deep TMS products and processes, and\/or inability to develop necessary enhancements; unexpected costs related to Deep TMS products; failure to obtain and maintain adequate protection of the Company\u2019s intellectual property, including intellectual property licensed to the Company; the potential for product liability; changes in legislation and applicable rules and regulations; unfavorable market perception and acceptance of Deep TMS technology; inadequate or delays in reimbursement from third-party payers, including insurance companies and Medicare; inability to commercialize Deep TMS, including internationally, by the Company or through third-party distributors; product development by competitors; inability to timely develop and introduce new technologies, products and applications, which could cause the actual results or performance of the Company to differ materially from those contemplated in such forward-looking statements.<\/p>\n

Any forward-looking statement in this press release speaks only as of the date of this press release. The Company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable securities laws. More detailed information about the risks and uncertainties affecting the Company is contained under the heading \u201cRisk Factors\u201d in the Company\u2019s filings with the U.S. Securities and Exchange Commission.<\/p>\n

\n Contacts: <\/strong>\n <\/p>\n

BrainsWay:\u00a0
Ido Marom\u00a0
Chief Financial Officer\u00a0
844-386-7001 ext. 5
Ido.Marom@BrainsWay.com<\/a>\u00a0<\/p>\n

Investors:\u00a0
Brian Ritchie
LifeSci Advisors
646-889-1200
britchie@lifesciadvisors.com<\/a><\/p>\n

Media Contact:\u00a0
Chris Boyer
978-677-1777
chris.boyer@brainsway.com<\/a>\u00a0<\/p>\n

\n
\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

Multisystem Purchases by Asha Neuromodulation Clinics (ANC) Allow for Increased Access to Deep TMS\u2122 BURLINGTON, Mass. and JERUSALEM, July 11, 2023 (GLOBE NEWSWIRE) — BrainsWay Ltd. (NASDAQ & TASE: BWAY) (\u201cBrainsWay\u201d or the \u201cCompany\u201d), a global leader in advanced noninvasive neurostimulation treatments for mental health disorders, today announced the expanded market penetration of its Deep Transcranial Magnetic Stimulation (Deep TMS\u2122) technology in India. After the most recent in a series of successive multisystem orders, Asha Neuromodulation Clinics (ANC) and its affiliates will own 25 Deep TMS systems, substantially increasing access to BrainsWay\u2019s patented technology for mental health patients suffering from a range of conditions including depression, obsessive-compulsive disorder (OCD), and smoking addiction. \u201cWe are pleased that our unique form of … <\/p>\n

Continue reading “BrainsWay Accelerates International Expansion in India”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-768866","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nBrainsWay Accelerates International Expansion in India - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/brainsway-accelerates-international-expansion-in-india\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BrainsWay Accelerates International Expansion in India - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Multisystem Purchases by Asha Neuromodulation Clinics (ANC) Allow for Increased Access to Deep TMS\u2122 BURLINGTON, Mass. and JERUSALEM, July 11, 2023 (GLOBE NEWSWIRE) — BrainsWay Ltd. (NASDAQ & TASE: BWAY) (\u201cBrainsWay\u201d or the \u201cCompany\u201d), a global leader in advanced noninvasive neurostimulation treatments for mental health disorders, today announced the expanded market penetration of its Deep Transcranial Magnetic Stimulation (Deep TMS\u2122) technology in India. After the most recent in a series of successive multisystem orders, Asha Neuromodulation Clinics (ANC) and its affiliates will own 25 Deep TMS systems, substantially increasing access to BrainsWay\u2019s patented technology for mental health patients suffering from a range of conditions including depression, obsessive-compulsive disorder (OCD), and smoking addiction. \u201cWe are pleased that our unique form of … Continue reading "BrainsWay Accelerates International Expansion in India"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/brainsway-accelerates-international-expansion-in-india\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-11T12:39:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODg3MTExOSM1NjgzMDA5IzIwMjEwOTM=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/brainsway-accelerates-international-expansion-in-india\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/brainsway-accelerates-international-expansion-in-india\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"BrainsWay Accelerates International Expansion in India\",\"datePublished\":\"2023-07-11T12:39:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/brainsway-accelerates-international-expansion-in-india\\\/\"},\"wordCount\":896,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/brainsway-accelerates-international-expansion-in-india\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODg3MTExOSM1NjgzMDA5IzIwMjEwOTM=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/brainsway-accelerates-international-expansion-in-india\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/brainsway-accelerates-international-expansion-in-india\\\/\",\"name\":\"BrainsWay Accelerates International Expansion in India - 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