Equity Research is published in the framework of the Tel Aviv Stock Exchange (TASE) Analysis Program
TEL AVIV, Israel, July 4, 2018 /PRNewswire/ -- TASE analysis project was launched in 2016 in order to raise the investors' level of knowledge of TASE listed technology and life-science companies and the markets in which the companies operate, thus creating appropriate
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Summary of Highlights
In the first quarter of 2018, the Company reported the following major developments:
During the quarter, the company recorded revenues of $3.6 million, of which 58% stemmed from rental agreements for its devices and the remainder from sales of devices.
The company received FDA approval to market the company's system in the US with the new stimulator.
In view of all these considerations, we maintain our previous valuation of the company's value of $129.5 million / NIS 453 million; target price of NIS 26.3 – NIS 28.6, and on average NIS 27.5.
About the company - Brainsway Ltd. (Brainsway or "the Company") is an Israeli medical device firm focused on the development and commercialization of an H-coil helmet device for Deep Transcranial Magnetic Stimulation (dTMS). dTMS enables non-invasive activation of deep brain structures that can cover a broad range of brain disorders. The company has FDA market approval for Major Depressive Disorder, and wide reimbursement coverage for this indication. The company has recently received positive results in Obsessive Compulsive Disorder (OCD) patients, and will apply for market approval in the US for this indication. Approximately 15,000 patients were treated to date with Brainsway's device. please click here (https://ww2.frost.com/research/equity-research/)
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Contact us: Start the discussion
Contact: Kristi Cekani Corporate Communications - Frost & Sullivan, EuropeP: +39.02.4851.6133E: email@example.com http://www.frost.com
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