MALVERN, Pa., June 26, 2020 (GLOBE NEWSWIRE) -- Neuronetics, Inc. (NASDAQ: STIM), a commercial-stage medical technology company focused on designing, developing and marketing products that improve the quality of life for patients who suffer from psychiatric disorders, today announced the appointment of Bruce J. Shook to its Board of Directors and as a member of the Audit Committee effective immediately. Mr. Shook fills the seat vacated by Dr. Cheryl Blanchard today. Neuronetics Board of Directors will continue to have six members.
We are delighted to welcome Bruce back to Neuronetics as we continue to advance our mission of improving the quality of life for patients who suffer from psychiatric disorders, said Brian Farley, Chairman of the Board of Neuronetics. As one of Neuronetics founders, Bruce brings a deep knowledge of our business and the field of transcranial magnetic stimulation for the treatment of major depressive disorder. His unique blend of experience with Neuronetics, TMS and the med-tech industry will be invaluable to the Board and Company. I would like to thank Cheryl for her time and contributions to Neuronetics. We wish her continued success with her recent appointment as President and CEO of Anika Therapeutics.
Mr. Shook brings more than 30 years of medical device industry experience to the Company, including multiple early stage ventures focused on opportunities in cardiac surgery, cardiology, neurosurgery, psychiatry and vascular disease. He currently serves as Director, President and CEO for both Intact Vascular and Vesper Medical. Prior to Intact Vascular and Vesper Medical, Mr. Shook was co-founder, Director, President and CEO of Neuronetics. Previously, Mr. Shook was co-founder, Director, President and CEO at Neuron Therapeutics, a venture-backed company developing a drug/device product for the treatment of CNS disorders, and President of Abiomed, where he obtained PMA approval for the first FDA-approved ventricular assist device. Mr. Shook also developed cardiac pacing and anti-arrhythmia products at Cordis Corporation. Mr. Shook holds advanced degrees in Biomedical Engineering and Business Administration from Columbia University and the MIT Sloan School of Management. He earned a B.S. degree in Chemical Engineering from Penn State University. Mr. Shook currently serves on the Board of Directors at Venarum Medical, the Penn State Research Foundation and Life Sciences Pennsylvania. He previously served as a Director at Surgiquest, Respicardia and CoTherix.
Neuronetics is a terrific organization with a critical mission of renewing lives by transforming neurohealth. I am pleased to return to Neuronetics as an independent director, and I look forward to working with the Board and management to further advance the adoption of NeuroStar Advanced Therapy, thereby allowing more psychiatrists to treat a greater number of patients, said Mr. Shook.
About Neuronetics
Neuronetics, Inc. is a commercial-stage medical technology company focused on designing, developing, and marketing products that improve the quality of life for patients who suffer from psychiatric disorders. Our first commercial product, the NeuroStar Advanced Therapy System, is a non-invasive and non-systemic office-based treatment that uses transcranial magnetic stimulation, or TMS, to create a pulsed, MRI-strength magnetic field that induces electrical currents designed to stimulate specific areas of the brain associated with mood. The system is cleared by the United States Food and Drug Administration, or FDA, for the treatment of major depressive disorder in adult patients who have failed to achieve satisfactory improvement from prior antidepressant medication in the current episode. NeuroStar is also available in other parts of the world, including Japan, where it is listed under Japans national health insurance. Additional information can be found at http://www.neuronetics.com.
Safe harbor statement under the Private Securities Litigation Reform Act of 1995:
Statements in the press release regarding Neuronetics, Inc. (the Company) that are not historical facts constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by terms such as outlook, potential, believe, expect, plan, anticipate, predict, may, will, could, would and should as well as the negative of these terms and similar expressions. These statements are subject to significant risks and uncertainties and actual results could differ materially from those projected. The Company cautions investors not to place undue reliance on the forward-looking statements contained in this release. These risks and uncertainties include, without limitation, risks and uncertainties related to: the Companys ability to achieve or sustain profitable operations due to its history of losses; the Companys reliance on the sale and usage of its NeuroStar Advanced Therapy System to generate revenues; the scale and efficacy of the Companys salesforce; availability of coverage and reimbursement from third-party payors for treatments using the Companys products; physician and patient demand for treatments using the Companys products; developments in respect of competing technologies and therapies for the indications that the Companys products treat; product defects; the Companys ability to obtain and maintain intellectual property protection for its technology; developments in clinical trials or regulatory review of NeuroStar Advanced Therapy System for additional indications; and developments in regulation in the United States and other applicable jurisdictions. For a discussion of these and other related risks, please refer to the Companys recent SEC filings which are available on the SECs website at http://www.sec.gov. These forward-looking statements are based on the Companys expectations and assumptions as of the date of this press release. Except as required by law, the Company undertakes no duty or obligation to update any forward-looking statements contained in this press release as a result of new information, future events or changes in the Companys expectations.
Investor Contact:
Mark R. KlausnerWestwicke Partners443-213-0501ir@neuronetics.com
Media Contact:
Chelsey MankoVault CommunicationsOffice: 610-455-2778cmanko@vaultcommunications.com
Follow this link:
Neuronetics Announces Appointment of Bruce J. Shook to its Board of Directors - BioSpace
- Tile Map Service - Wikipedia - December 8th, 2016 [December 8th, 2016]
- New Depression Treatment - Safe & Effective | Nashville TMS - December 18th, 2016 [December 18th, 2016]
- NeuroStar TMS Therapy Depression Treatment - December 22nd, 2016 [December 22nd, 2016]
- TM - Bulbapedia, the community-driven Pokmon encyclopedia - January 13th, 2017 [January 13th, 2017]
- TMS Resources - VA Learning University - January 13th, 2017 [January 13th, 2017]
- The Marketing Store London - TMS - January 25th, 2017 [January 25th, 2017]
- Local sports: RMS, A-TMS win County League titles - Asheboro Courier Tribune - February 7th, 2017 [February 7th, 2017]
- New Jersey Supreme Court Asks Judiciary to Translate More, Implement TMS - Slator (press release) (subscription) - February 7th, 2017 [February 7th, 2017]
- TMW Suite, TruckMate TMS Now Integrate With 123Loadboard ... - Heavy Duty Trucking - February 7th, 2017 [February 7th, 2017]
- Driving a Ferrari at TMS is a solid Valentine's Day present - Fort Worth Star Telegram (blog) - February 7th, 2017 [February 7th, 2017]
- A Sneak Peak into the Future of the TMS Market - Logistics Viewpoints (blog) - February 8th, 2017 [February 8th, 2017]
- TMS wrestlers gear up for conference - Thermopolis Independent Record Homepage - February 9th, 2017 [February 9th, 2017]
- Other Voices: Trying to manage the Amazon effect? Don't ignore your TMS. - Modern Materials Handling - February 9th, 2017 [February 9th, 2017]
- The Zacks Investment Research Upgrades Edap Tms SA (EDAP) to Hold - DailyQuint - February 10th, 2017 [February 10th, 2017]
- First TMS Patient Health Data Management System for US Physicians Launched - Business News Wales - February 14th, 2017 [February 14th, 2017]
- TMS reporter rides along with MUPD on blackout Thursday - Miami Student - February 14th, 2017 [February 14th, 2017]
- Talent management software (TMS) Market Report -Global Industry Analysis, Development, Scope, Share, Trends ... - Satellite PR News (press release) - February 15th, 2017 [February 15th, 2017]
- TMS Jazz Band Puts on Red Hot Performance at Prudential Center ... - TAPinto.net - February 15th, 2017 [February 15th, 2017]
- Trucker Tools' Load Track now integrated with MercuryGate TMS - Commercial Carrier Journal - February 16th, 2017 [February 16th, 2017]
- Review of Price Trends: EDAP TMS SA (NASDAQ:EDAP) - Is stories - February 20th, 2017 [February 20th, 2017]
- TMS Health Solutions Launches New Website February 21, 2017 ... - Satellite PR News (press release) - February 21st, 2017 [February 21st, 2017]
- All I Want for Christmas Is TMS 2K17 - Supply & Demand Chain Executive - February 23rd, 2017 [February 23rd, 2017]
- New non-medicinal treatment helps with depression | WFAA.com - WFAA.com - February 24th, 2017 [February 24th, 2017]
- EDAP TMS S.A. (EDAP) Announces Prelim. Q4 Revenue of EUR10 ... - StreetInsider.com - February 24th, 2017 [February 24th, 2017]
- Tonganoxie police investgating threatening note left in TMS bathroom - The Mirror - February 24th, 2017 [February 24th, 2017]
- TMW Systems appoints Ray West to lead TMS products - Commercial Carrier Journal - February 24th, 2017 [February 24th, 2017]
- TMS' repave, re-profile project should be done by end of next week - Fort Worth Star Telegram - February 24th, 2017 [February 24th, 2017]
- TMS Host Nation's Largets Daytona 500 Watch Party - Speedway Digest (press release) (blog) - February 27th, 2017 [February 27th, 2017]
- TMS Reviews Riverdale Chapter Five, "Heart of Darkness" | The ... - The Mary Sue - February 28th, 2017 [February 28th, 2017]
- TMS boss Gossage: Austin road track doesn't know NASCAR business - Fort Worth Star Telegram - February 28th, 2017 [February 28th, 2017]
- Trucker Tools integrates Load Track platform with Revenova TMS - Commercial Carrier Journal - February 28th, 2017 [February 28th, 2017]
- TMS Announces 2017 Bladesmithing Competition Winners - Newswise (press release) - March 2nd, 2017 [March 2nd, 2017]
- Edap Tms SA (EDAP) Scheduled to Post Earnings on Friday - Sports Perspectives - March 2nd, 2017 [March 2nd, 2017]
- TMS girls basketball wrap up - Thermopolis Independent Record Homepage - March 2nd, 2017 [March 2nd, 2017]
- Trucker Tools' Load Track integrates with Revenova TMS - Fleet Owner - March 3rd, 2017 [March 3rd, 2017]
- A Very Dumb Agreement With Texas Motor Speedway Keeps Racing From The Rest Of The State - Jalopnik - March 4th, 2017 [March 4th, 2017]
- TMS robotics team headed to state - Northeast Mississippi Daily Journal - March 4th, 2017 [March 4th, 2017]
- Brokerages Anticipate Edap Tms SA (EDAP) to Post $0.01 Earnings Per Share - The Cerbat Gem - March 6th, 2017 [March 6th, 2017]
- TMS to host fashion showcase - Troy Daily News - March 7th, 2017 [March 7th, 2017]
- At Satellite 2017, TMS Touts Expanding Satcom Offerings as Multiple Business Units Integrate Satcom Expertise - Business Wire (press release) - March 8th, 2017 [March 8th, 2017]
- TEA Introduces The TMS-5000 - Yahoo Finance - March 8th, 2017 [March 8th, 2017]
- Achieve TMS Open House Event at New Location in Portland ... - Benzinga - March 8th, 2017 [March 8th, 2017]
- MacroPoint Integrates Load Tracking with Oracle TMS - Heavy Duty Trucking - March 9th, 2017 [March 9th, 2017]
- WGS Systems Launches Tactical Management System (TMS) after Inauguration Success - Heliweb Magazine (press release) (registration) (blog) - March 9th, 2017 [March 9th, 2017]
- TMS Installs 2017 Board Members - Newswise (press release) - March 11th, 2017 [March 11th, 2017]
- Aurora Oil & Gas' Successor Australis Quadruples TMS Acreage - Oil and Gas Investor (registration) - March 11th, 2017 [March 11th, 2017]
- At Satellite 2017, TMS Touts Expanding Satcom Offerings as Multiple Business Units Integrate Satcom Expertise - Yahoo Finance - March 12th, 2017 [March 12th, 2017]
- TMS director resigns - Troy Daily News - March 12th, 2017 [March 12th, 2017]
- NASCAR drivers don't know what to expect from TMS' repave - Fort Worth Star Telegram - April 8th, 2017 [April 8th, 2017]
- Erik Jones Ready for Another Graduation at TMS - Speedway Digest (press release) (blog) - April 8th, 2017 [April 8th, 2017]
- NASCAR practice at TMS 4.7.17 - Fort Worth Star Telegram - April 8th, 2017 [April 8th, 2017]
- Kevin Harvick handles TMS' new pavement well with qualifying win - Fort Worth Star Telegram - April 8th, 2017 [April 8th, 2017]
- Edap Tms SA (ADR) (EDAP) Reaches $2.85 After 6.00% Up Move; Tide Point Capital Management LP Upped Its ... - Key Gazette - June 6th, 2017 [June 6th, 2017]
- Runner-up James Hinchcliffe eyeing Victory Lane visit in Texas this year - Fort Worth Star Telegram - June 6th, 2017 [June 6th, 2017]
- Parity is prevalent in IndyCar as series races to its TMS weekend - Fort Worth Star Telegram - June 6th, 2017 [June 6th, 2017]
- TMS, Levy Restaurants Unveiling Hawg Heaven BLT Dawg - Speedway Digest (press release) (blog) - June 6th, 2017 [June 6th, 2017]
- Embarcadero and TMS Software Team Up for Application ... - Business Wire (press release) - June 6th, 2017 [June 6th, 2017]
- TMS Website/Grades - Thurston Middle School - June 6th, 2017 [June 6th, 2017]
- IndyCar's Will Power looks for another strong start on Texas' new surface - Fort Worth Star Telegram - June 7th, 2017 [June 7th, 2017]
- Armstrong & Associates Releases 3Gtms Case Study - GlobeNewswire (press release) - June 7th, 2017 [June 7th, 2017]
- TMS' Hawg Heaven BLT Dawg is a worldly creation - Fort Worth Star Telegram - June 7th, 2017 [June 7th, 2017]
- Slumping Nemechek Sets Sights On Fun At TMS - RacinToday.com - June 8th, 2017 [June 8th, 2017]
- Stadium Super Trucks to create mega buzz at TMS - Fort Worth Star Telegram - June 8th, 2017 [June 8th, 2017]
- What's Happening To These Stocks? EDAP TMS SA (EDAP), Nutanix, Inc. (NTNX) - Post Analyst - June 10th, 2017 [June 10th, 2017]
- TMS Lighting - June 11th, 2017 [June 11th, 2017]
- DAT and Ascend offer free TMS software - Fleet Owner - June 13th, 2017 [June 13th, 2017]
- Keep calm and let the TMS decide - DC Velocity - June 13th, 2017 [June 13th, 2017]
- UCLA doctors use magnetic stimulation to 'rewire' the brain for ... - UCLA Newsroom - June 14th, 2017 [June 14th, 2017]
- TMS students join in Junior Solar Sprint, KidWind Competition - Tallmadge Express - June 21st, 2017 [June 21st, 2017]
- Edap Tms (EDAP) Shares March Higher, Can It Continue? - Zacks.com - June 22nd, 2017 [June 22nd, 2017]
- Zacks Investment Research Upgrades EDAP TMS S.A. (EDAP) to ... - The Cerbat Gem - June 23rd, 2017 [June 23rd, 2017]
- EDAP TMS SA (EDAP) has a mean analyst rating of 2.00 - Stocks Gallery - June 24th, 2017 [June 24th, 2017]
- 'Pokemon Go' Technical Machine: How to Use a TM to Learn a New Move - Heavy.com - June 24th, 2017 [June 24th, 2017]
- Pigeons, buses and mixing up fielders: TMS will miss Henry Blofeld - The Guardian - June 24th, 2017 [June 24th, 2017]
- Is a 'brain massage' the secret to treating depression? - Telegraph.co.uk - June 26th, 2017 [June 26th, 2017]
- Pokemon GO: How to Get and Use TMs - Game Rant - June 26th, 2017 [June 26th, 2017]
- 'Pokmon Go' Charged TM vs. Fast TM: What you need to know about the items added in the raid update - Mic - June 27th, 2017 [June 27th, 2017]
- Financial Analysis: EDAP TMS (EDAP) and Integer Holdings (ITGR) - The Cerbat Gem - June 30th, 2017 [June 30th, 2017]
- Indra To Replatform Its Leading TMS Solutions For Hotels Onto Sap S/4 Hana - Hospitality Net - June 30th, 2017 [June 30th, 2017]
- bob's guide to treasury management systems: How to avoid disruption during TMS implementation - Bobsguide (press release) - June 30th, 2017 [June 30th, 2017]