Welcome to our dedicated page for Neuronetics news (Ticker: STIM), a resource for investors and traders seeking the latest updates and insights on Neuronetics stock.
Neuronetics, Inc. (NASDAQ: STIM) is a commercial stage medical technology and healthcare company focused on neurohealth and psychiatric disorders, and its news flow reflects this focus. The company develops and markets the NeuroStar Advanced Therapy System, a non-drug, noninvasive transcranial magnetic stimulation (TMS) treatment used in office-based settings, and operates Greenbrook TMS treatment centers across the United States. News about Neuronetics often centers on clinical use of NeuroStar TMS, payer coverage decisions, and developments at its Greenbrook clinics.
Investors following STIM news can expect regular updates on quarterly financial and operating results, as the company reports revenue by geography and product category, including NeuroStar system sales, treatment sessions, and U.S. clinic revenue. Press releases also cover changes to its capital structure and credit facilities, such as amendments to its agreement with Perceptive Credit Holdings IV, LP, as well as at-the-market equity offerings and related capital-raising activities.
Company announcements frequently highlight health policy and reimbursement milestones, including expanded coverage for TMS therapy by New York State Medicaid and TRICARE West for specific patient populations with major depressive disorder. Neuronetics also reports on partnerships and agreements that expand access to NeuroStar TMS, such as an exclusive three-year collaboration with Elite DNA Behavioral Health, under which Neuronetics becomes the sole provider of TMS devices across that network and offers operational and patient-support services using the Greenbrook platform.
Additional STIM news items include participation in investor conferences, leadership and executive appointments, inducement equity grants under Nasdaq Listing Rule 5635(c)(4), and publications of real-world clinical data from the NeuroStar outcomes databases. For readers tracking Neuronetics, this news page aggregates these developments so they can monitor financial performance, payer coverage trends, clinical evidence, and corporate actions related to NeuroStar TMS and Greenbrook treatment centers.
Neuronetics announced the publication of clinical data from the NeuroStar Outcomes Registry in Brain Stimulation, confirming that the Dash protocol (19-minute sessions) is as effective as the standard 38.5-minute TMS protocol for treating depression. Based on data from 5,010 patients, response rates reached 72%, and remission rates were 53%. This shorter treatment may enhance patient access and clinic throughput, facilitating better care for those not responding to medications.
Neuronetics, Inc. (NASDAQ: STIM) announced plans to release its Q4 and FY 2020 financial results on March 2, 2021, ahead of market open. The company will provide guidance for Q1 and full year 2021 during this update.
A conference call to discuss the results will take place at 8:30 a.m. ET on the same day. Neuronetics specializes in medical technology aimed at enhancing the quality of life for patients with psychiatric disorders, with its flagship product, NeuroStar Advanced Therapy System, using TMS to treat major depressive disorder.
Neuronetics, Inc. (NASDAQ: STIM) announced key promotions within its executive team to enhance strategic growth. Effective immediately, Steve Furlong becomes Senior VP, CFO and Treasurer; Greg Harper is now VP of Research & Development and Clinical; and Kara Thornton takes the role of VP of Human Resources. CEO Keith Sullivan emphasizes their leadership will support the company’s mission and momentum in revolutionizing treatments for psychiatric disorders. Neuronetics focuses on its NeuroStar Advanced Therapy System, FDA-cleared for treating Major Depressive Disorder in adults.
MALVERN, Pa., Feb. 10, 2021 (GLOBE NEWSWIRE) -- Neuronetics, a commercial-stage medical technology company, announced that CEO Keith Sullivan and CFO Steve Furlong will participate in a virtual fireside chat at the BTIG Virtual MedTech Conference on February 17, 2021, at 4:30 PM ET. A live audio webcast will be available on the company's investor relations page, with a replay accessible for 90 days. Neuronetics focuses on products that enhance the quality of life for patients with psychiatric disorders, including the NeuroStar® Advanced Therapy System for treating major depressive disorder.
Neuronetics, Inc. (NASDAQ: STIM) has priced an underwritten public offering of 4,840,000 shares at $15.50 each, aiming to raise approximately $75 million. Underwriters are granted a 30-day option for an additional 726,000 shares. The offering proceeds will fund general corporate purposes, including working capital and research. This offering is pursuant to a shelf registration statement filed with the SEC. The expected closing date is February 2, 2021, pending customary conditions.
Neuronetics (NASDAQ: STIM) announced an underwritten public offering of its common stock, allowing underwriters a 30-day option to purchase an additional 15% of shares. The offering's size and terms are subject to market conditions. Proceeds will be utilized for general corporate purposes, including working capital, research, and marketing. The offering follows a shelf registration statement effective since August 2019. Piper Sandler & Co. and William Blair & Company are the joint book-running managers.
Neuronetics has announced that its NeuroStar Advanced Therapy Outcomes Registry, the largest registry for Major Depressive Disorder (MDD), has enrolled over 10,000 patients across 116 U.S. clinical sites. Results show that 73% of patients experienced significant improvement in depression symptoms, with 52% achieving remission. These findings support the efficacy of NeuroStar’s non-invasive TMS treatment, especially in the context of increasing depression rates. The registry data is paving the way for advancements in treatment protocols for MDD.
Neuronetics, Inc. (NASDAQ: STIM) reported preliminary unaudited revenue results for Q4 and full-year 2020. Q4 revenue is projected between $15.0 and $15.5 million, exceeding guidance of $13.0 to $13.5 million, marking a 21% to 25% increase from Q3 2020. Full-year revenue is expected between $48.7 and $49.2 million, down 22% compared to $62.7 million in 2019 due to COVID-19. The company anticipates revenue recovery in 2021, pending no further COVID-19 disruptions.
MALVERN, Pa., Jan. 07, 2021 - Neuronetics, trading under NASDAQ: STIM, announced its participation in the 23rd Annual ICR Westwicke Conference on January 14, 2021. CEO Keith Sullivan and CFO Steve Furlong will present at 12:15 PM, followed by a panel discussion titled 'Non-Drug Therapeutics: Devices Changing the Treatment Paradigm' at 1:45 PM. The event will feature a live audio webcast accessible on the company's investor relations page, with an archived replay available for 90 days.
Neuronetics focuses on improving patient lives through its NeuroStar® Advanced Therapy System, an FDA-cleared treatment for major depressive disorder.
Neuronetics, Inc. (NASDAQ: STIM) announced an expansion of its sales organization to enhance its commercial capabilities. This initiative includes adding 13 Business Development Managers and 9 NeuroStar Practice Consultants, increasing their respective totals to 22 and 27. The company also supplemented its sales management and clinical training teams. Additionally, on January 4, 2021, it granted 267,358 restricted stock units to 23 new employees under its 2020 Inducement Plan to foster long-term engagement.