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BrainsWay Reaches Over 70 Million Covered Lives for SWIFT TMS Protocol

BullishMedium impact
BWAYILA 3,615.00 −3.06%

BrainsWay Ltd. (TASE:BWAY) announced that favorable U.S. medical insurance policy coverage for its SWIFT Accelerated Deep TMS treatment protocol has expanded to reach over 70 million covered lives. The protocol provides accelerated noninvasive brain stimulation treatments for mental health conditions including major depressive disorder and obsessive-compulsive disorder.

The expansion of covered lives provides broader commercial adoption pathways for the company's proprietary brain stimulation technology across U.S. healthcare providers. Broader coverage by insurance plans helps reduce patient access barriers to interventional psychiatry treatments, supported by an expanding set of clinical trial data demonstrating protocol efficacy and durability.

Investors will be watching for further coverage decisions from third-party insurance providers and Medicare, along with the progress of ongoing clinical trials testing Deep TMS across additional psychiatric and neurological conditions.

Key points

  • BrainsWay's SWIFT Deep TMS therapy insurance coverage expanded to over 70 million U.S. covered lives.
  • The protocol targets mental health conditions including major depressive disorder and obsessive-compulsive disorder.
  • Chief Executive Officer Hadar Levy pointed to growing clinical data supporting protocol efficacy and durability.
  • Shares of BrainsWay Ltd. were trading up 0.51% at 3,563 ILA following the announcement.

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Questions and answers

What is BrainsWay's SWIFT Deep TMS therapy?

SWIFT is an accelerated Deep Transcranial Magnetic Stimulation protocol used to treat mental health disorders such as major depressive disorder and obsessive-compulsive disorder.

How many covered lives does BrainsWay now reach in the U.S.?

Insurance policies with favorable coverage for BrainsWay's SWIFT protocol now cover over 70 million lives in the United States.