The deal is for 10 years.
Brainsway Ltd. (TASE:BRIN), which develops non-invasive treatments for brain disorders, has signed a distribution agreement in Italy.
Brainsway announced its intention of signing the agreement several months ago and sales in Italy are expected to reach several hundred thousands of dollars. The agreement for 10 years is with an Italian psychiatrist Dr. Rogero Recach and an Israeli businessman Eliahu Tshuva, a cousin of Yitzhak Tshuva.
Brainsway will start its trade in Italy with its device for treating depression.
Published by Globes [online], Israel business news - www.globes-online.com - on June 21, 2009
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