Neuronetics, Inc.
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Neuronetics, Inc. - overview
Established
2001
Location
Malvern, PA, US
Primary Industry
Medical Devices & Equipment
About
Founded in 2001 and based in Pennsylvania, US, Neuronetics, Inc. develops and manufactures NeuroStar TMS, a non-invasive therapeutic device for the healthcare industry. In July 2018, Neuronetics, Inc. started trading on the Nasdaq global select market under the ticker symbol STIM.
The company's research and development team offer NeuroStar TMS therapy based upon neuromodulation technology for patients with a major depressive disorder and not benefited from prior antidepressant treatment. The medical device produces MRI-strength magnetic field pulses to stimulate underactive brain areas that result in non-invasive and symptom relief for chronic psychiatric and neurological disorders. The company generates revenue by commercializing products that improve patients' quality of life who suffer from psychiatric disorders. Neuronetics, Inc.
's revenues increased by USD 9. 9 million, or 19 percent, from USD 52. 8 million for FY 2018 to USD 62. 7 million for FY 2019.
The company plans to continue the clinical trials and use the outcomes registry data to lay the groundwork for future advancements and treatment protocols.
Current Investors
InterWest Partners, Polaris Partners, Three Arch Partners
Primary Industry
Medical Devices & Equipment
Sub Industries
Mental Health Services, Therapeutic Devices
Website
www.neurostar.com
Company Stage
Mature
Total Amount Raised
Subscriber access only
Neuronetics, Inc. - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| Chairman of the Board | BM | ||||||
| Chief Executive Officer, President and Board Member | BM | ||||||
| Board Director (NASDAQ) | BM |
BM Board Member
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