BrainsWay Secures PTSD Treatment Reimbursement in Israel
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BrainsWay's Groundbreaking Reimbursement Approval
BrainsWay Ltd. (NASDAQ: BWAY) is making waves in the mental health space by securing reimbursement for its innovative Deep Transcranial Magnetic Stimulation system (Deep TMS™) therapy for post-traumatic stress disorder (PTSD). This significant approval comes from the Israel Ministry of Defense’s Rehabilitation Department, allowing the therapy to be available at public hospitals for qualifying patients.
Expanding Access to Essential Treatment
With this approval in place, BrainsWay is dedicated to broadening access to Deep TMS therapy across more Israeli medical facilities. The company aims to explore opportunities to include additional public hospitals and potentially private clinics, which could enhance the treatment landscape for those suffering from PTSD.
The Impact of PTSD in Israel
Post-traumatic stress disorder is an issue that resonates deeply in Israel, especially in light of recent events that have impacted many lives. The ongoing struggles associated with PTSD are exacerbated by societal events that create a heightened sense of fear and anxiety. Hadar Levy, CEO of BrainsWay, noted that this reimbursement program represents a crucial step toward addressing the growing needs of this patient population.
Clinical Evidence Supporting Deep TMS
Backed by rigorous research, Deep TMS has been shown to be effective in treating various mental health disorders. A recent study comprising 99 military veterans demonstrated clinically significant reductions in PTSD symptoms, depression, and suicidal thoughts following Deep TMS treatment. These outcomes underscore the potential of this therapy in providing relief and improving quality of life for those affected by PTSD.
About BrainsWay and Its Mission
Established in 2003, BrainsWay has distinguished itself as a leader in noninvasive neurostimulation treatments. Its proprietary Deep TMS platform is designed not only to tackle major mental health challenges but also to enhance understanding within the neuroscience field. Currently, the technology is approved for several indications, including major depressive disorder, obsessive-compulsive disorder, and smoking addiction.
Commitment to Clinical Research
BrainsWay continues to engage in extensive clinical trials to explore Deep TMS applications across various psychiatric and neurological conditions. The current emphasis on PTSD further highlights BrainsWay's mission to extend the benefits of neurostimulation therapies to underserved populations and raise awareness about mental health disorders.
The Path Forward
While Deep TMS has not yet received FDA clearance for PTSD treatment in the U.S., the reimbursement approval in Israel paves the way for ongoing data collection on its efficacy and safety. The insights gained from this program may bolster future applications for regulatory approval, ultimately leading to broader accessibility for patients in need.
Frequently Asked Questions
What is Deep TMS therapy?
Deep TMS therapy utilizes magnetic fields to stimulate nerve cells in the brain. It's a noninvasive treatment designed to alleviate symptoms of mental health disorders.
Who benefits from the PTSD reimbursement program?
Qualifying patients suffering from PTSD at Israeli public hospitals can benefit from the reimbursement for Deep TMS therapy.
How does Deep TMS work?
Deep TMS sends short magnetic pulses to specific areas of the brain, which can modulate neural activity, ultimately leading to improvements in mood and anxiety levels.
What other conditions does BrainsWay's Deep TMS treat?
In addition to PTSD, Deep TMS is also indicated for major depressive disorder, anxiety-related conditions, obsessive-compulsive disorder, and aiding in smoking cessation.
What is the company's mission?
BrainsWay is committed to advancing mental health treatments and increasing access to innovative therapies through rigorous clinical research and development.
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