regulatory
confidence medium
sentiment positive
materiality 0.65
Neuronetics announces FDA clearance for NeuroStar add-on therapy for ages 15 and older
Neuronetics, Inc.
- FDA cleared NeuroStar Advanced Therapy System as an add-on treatment for patients aged 15 and older.
- Management targets cash flow break-even in Q4 2024 and on a full-year basis in 2025.
- Proposed combination with Greenbrook TMS Inc. remains ongoing; stockholder approval pending.
- Company presenting at William Blair 44th Annual Growth Stock Conference on August 14, 2024.