Jul. 16th, 2005
FDA approves Cyberonics depression device
Jul. 16th, 2005 01:23 pmWASHINGTON (Reuters) - A stopwatch-sized device that uses electrical impulses to treat chronic depression won U.S. Food and Drug Administration approval, Cyberonics CYBX> said on Friday.
About 18.8 million adults in the United States suffer from depression in any given year, according to the National Institutes of Health.
News of the FDA approval sent the company's shares up 8 percent in after hours trading to $48.50. Those gains were pared back to $47.50 before after hours trade was through.
( Read more... )
About 18.8 million adults in the United States suffer from depression in any given year, according to the National Institutes of Health.
News of the FDA approval sent the company's shares up 8 percent in after hours trading to $48.50. Those gains were pared back to $47.50 before after hours trade was through.
( Read more... )