The Miami Entrepreneur

Neuronetics gets another FDA clearance for transcranial magnetic stimulation system; shares jump 22%

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Shares of Neuronetics Inc. gained 22.5% in premarket trading on Tuesday after the company said it received clearance from the Food and Drug Administration to market its transcranial magnetic stimulation system as a treatment for anxiety in adults with major depressive disorder. The system was previously cleared to treat obsessive-compulsive disorder. Neuronetics’ stock is down 18.4% this year, while the broader S&P 500 has declined 18.9%.

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