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Nexstim receives Nexstim NBS System 5 order from Distributor in Europe

Written by Customer Service on . Posted in Public Companies.

Press release, Helsinki, 29 December 2023 at 10 AM (EEST)

Nexstim Plc (NXTMH:HEX) (“Nexstim” or “Company”) has received an order for an NBS System 5 from a distributor company based in Europe.

Nexstim’s NBS (Navigated Brain Stimulation) System 5 is CE marked and FDA approved for presurgical mapping of the speech and motor cortices of the brain. In addition to its motor and speech mapping features, this specific system also includes therapeutic capabilities that allow the system to be used for the treatment of major depression and chronic neuropathic pain.

Mikko Karvinen, CEO of Nexstim, comments: “We are happy with the number of Nexstim systems that have been acquired by our network of distributor representatives this year. Our Nexstim NBS System 5 combines both diagnostic and therapeutic applications and has proven to be an efficient solution for multi-departmental use in many European hospitals and clinics. Besides Nexstim having strong direct sales teams in major markets such as the US and Germany, we have continued to build strong relationships with leading local medical device distributors. We look forward to a new and exciting year ahead of us together with our valued distributor partners.”

Further information is available on the website www.nexstim.com, or by contacting:

Mikko Karvinen, CEO
+358 50 326 4101
mikko.karvinen@nexstim.com

About Nexstim Plc

Nexstim is a Finnish, globally operating growth-oriented medical technology company. Our mission is to enable personalized and effective diagnostics and therapies for challenging brain diseases and disorders.

Nexstim has developed a world-leading non-invasive brain stimulation technology for navigated transcranial magnetic stimulation (nTMS) with highly sophisticated 3D navigation providing accurate and personalized targeting of the TMS to the specific area of the brain.

Nexstim’s Diagnostics Business focuses on commercialization of the Navigated Brain Stimulation (NBS) system. The NBS System 5 is the only FDA cleared and CE marked navigated TMS system for presurgical mapping of the speech and motor cortices of the brain.

Nexstim’s Therapy Business markets and sells the NBS System 6 which is FDA cleared for marketing and commercial distribution for the treatment of major depressive disorder (MDD) in the United States. In Europe, the NBS 6 system is CE marked for the treatment of major depression and chronic neuropathic pain.

Nexstim shares are listed on Nasdaq First North Growth Market Finland.

For more information, please visit www.nexstim.com

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