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08/24/20 7:27 AM

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BWAY > BrainsWay Received FDA Clearance for Smoking-Cessation Aid
7:13 am ET August 24, 2020 (Dow Jones) Print
By Dave Sebastian

BrainsWay Ltd. said the Food and Drug Administration has granted a clearance for its deep transcranial magnetic simulation system as an aid in short-term smoking cessation in adults.

The company on Monday said it plans to do a controlled U.S. market release in early 2021 for the system.

BrainsWay said it tested the system on 262 eligible subjects, assessing their four-week continuous quit rate.

Write to Dave Sebastian at dave.sebastian@wsj.com

(END) Dow Jones Newswires