H.C. Wainwright raised the firm’s price target on Brainsway (BWAY) to $18 from $17 and keeps a Buy rating on the shares. The firm notes BrainsWay announced that the FDA had granted a label expansion for its deep transcranial magnetic stimulation system. Expanded FDA clearance makes Deep TMS available as an adjunct therapy for adolescents aged 15-21 with major depressive disorder. Wainwright notes this was achieved a scant two months after the FDA granted expanded clearance to include an accelerated treatment protocol for MDD and patients with comorbid anxiety symptoms.
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Read More on BWAY:
- BrainsWay Gains FDA Approval for Adolescent Depression Treatment
- Brainsway’s Deep TMS device granted FDA clearance in Major Depressive Disorder
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