Essay on Case Analysis : Neuronetics, Inc.

1030 Words Sep 15th, 2016 5 Pages
Neuronetics, Inc. is a private medical device company based in Malvern, PA. Neuronetics developed NeuroStar Transcranial Magnetic Stimulation (TMS) therapy, where magnetic fields are used for therapeutic applications in disorders related to central nervous system. In 2003, they licensed a revolutionary patented coil design from Emory University and conducted the largest clinical trials on TMS therapy to date. With continuous research and development, a high quality, efficient, user friendly and cost effective unit-NeuroStar TMS therapy system has been developed, for treating Major Depressive Disorder. TMS Therapy is a non-invasive, non-systemic computerized medical device that treats depression using a highly focused, pulsed magnetic field to stimulate function in underactive brain regions in people with severe depression (4). TMS is focused on the left side of the prefrontal cortex in the brain because it is usually hypofunctional in depression. It’s repeated activation is known to produce antidepressant effects. Since it involves no drug, it has no side effects. Neuronetics is constantly developing innovative solutions tailored to patient needs.
Background on the company
Neuronetics was founded in 2003 as part of The Innovation Factory at an Atlanta, GA based medical technology company. Neuronetics was the first company to develop a non-systemic, non-invasive therapy targeting severe depression in people who have not responded to traditional depression treatments.…

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