On August 11, 2020, MagVenture, Inc. reported that the U.S. Food and Drug Administration (FDA) cleared its transcranial magnetic stimulation (TMS) therapy device for adjunct treatment of obsessive-compulsive disorder (OCD). The MagVenture TMS Therapy can be combined in outpatient treatment with existing OCD therapies, such as pharmaceutical and behavioral therapy.

MagVenture TMS Therapy® was FDA cleared for depression in 2015. It is the first company to receive FDA clearance for the 3-minute Express TMS® – the shortest TMS treatment currently available. For the new OCD indication, MagVenture TMS Therapy targets networks in the brain that are known to . . .

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