Magnus Medical’s neurostimulation technology gets FDA breakthrough status to treat MDD
Magnus Medical has secured a breakthrough device designation from the US Food and Drug Administration (FDA) for its neurostimulation technology for major depressive disorder (MDD) treatment.
The individualised, rapid-acting, and non-invasive neurostimulation technology has been designed for MDD treatment in people who have not improved sufficiently from antidepressant medication or other treatments.
Magnus Medical has also secured USD 25 Million under the Series A financing round co-led by JAZZ Venture Partners and Red Tree Venture Capital.
The Magnus system is developed...