Brainsway Rises as U.S. Allows Depression Device: Tel Aviv Mover
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Brainsway Ltd., a maker of medical devices for brain disorders, advanced the most in more than eight months after the U.S. Food and Drug Administration approved its device for treating depression.
Shares of the Jerusalem-based company surged 16 percent, the most since April, to 38.45 shekels as of the close of trading in Tel Aviv, giving the company a market value of 481.6 million shekels ($127 million). Trading volume was more than 16 times the three-month daily average.