BrainsWay Announces its Multicenter Smoking Cessation Study Has Reached Target Enrollment

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More than 260 participants have been enrolled to the study

JERUSALEM, Israel and HACKENSACK, N.J., May 22, 2019- BrainsWay Ltd. (NASDAQ & TASE: BWAY) (“BrainsWay”) today announced it reached target recruitment for its multicenter study assessing the safety and efficacy of its deep transcranial magnetic stimulation system (Deep TMS) intended for use as an aid in smoking cessation in patients suffering from chronic smoking addiction.

Yaacov Michlin, President and Chief Executive Officer of BrainsWay, said, “We believe there is a considerable unmet need for a safe and efficient solution for cigarette addiction. We look forward to receiving the results of the study, which, if successful, could lead to a novel, non-invasive, safe and effective approach for people willing to quit smoking.”

BrainsWay’s Deep TMS device is designed to effectively stimulate deep and broad areas of the brain. The BrainsWay H4-Coil used in this study is designed to non-invasively stimulate specific brain regions known to be associated with addiction, including the bilateral insula and prefrontal cortex, using brief magnetic fields at an amplitude similar to that used in magnetic resonance imaging (MRI) systems. The H4-coil is situated in a helmet, but is different than the Company’s already FDA-cleared coils : H1 for the treatment of depressive episodes in adult patients suffering from Major Depressive Disorder (MDD) who failed to achieve satisfactory improvement from previous anti-depressant medication treatment in the current episode and H7 as an adjunct therapy for the treatment of adult patients suffering from Obsessive-Compulsive Disorder (OCD).

About the Clinical Study:
Our smoking cessation clinical study is a randomized, double blind, multicenter study. The aim of the study is to evaluate the safety and efficacy of Deep TMS in reducing cigarette use in individuals suffering from chronic smoking addiction. The primary endpoint of the study is a comparison of the four-week continuous quit rate, as a measure of urinary-confirmed complete abstinence from smoking during a consecutive four week period, between active and sham treatment groups. One of the secondary endpoints is the number of cigarettes smoked per day. Participants receive three weeks of daily treatment using either Deep TMS using the H4 coil or a sham treatment, in each case followed by one session per week for three more weeks (a total of 18 treatments over six weeks). Prior to treatment stimulation onset, a smoking related provocation is presented to the subject in order to activate the pathological circuitry that is affected by the Deep TMS pulses. Participants are also required to participate in a four-month follow up status meeting, if they quit smoking at six weeks. BrainsWay has enrolled more than 260 individuals at 14 sites (including 12 in the U.S. and 2 in Israel), and expects to receive final results (including from the four-month follow-up) in the fourth quarter of 2019.

A preliminary study indicated that Deep TMS reduced cigarette consumption and nicotine dependence, especially when applied following the presentation of smoking cues. These results were published in the peer reviewed journal Biological Psychiatry. Dinur-Klein L., et al. Biol. Psychiatry. 2014 Nov 1;76(9):742-9.

To learn more about the study, please visit Clinical Trials.gov.

About BrainsWay

BrainsWay is a commercial stage medical device company focused on the development and sale of non-invasive neuromodulation products using the Company’s proprietary Deep Transcranial Magnetic Stimulation (Deep TMS) technology for the treatment of major depressive disorder (MDD) and obsessive-compulsive disorder (OCD), for which BrainsWay received marketing authorization from the U.S. Food and Drug Administration (FDA) in 2013 (for MDD) and in August 2018 (for OCD). BrainsWay is currently conducting clinical trials of Deep TMS in other psychiatric, neurological and addiction disorders, including smoking cessation and post-traumatic stress disorder, and is planning trials for opioid addiction, fatigue in multiple sclerosis (MS) and post-stroke rehabilitation.