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Axogen, Inc. (NASDAQ: AXGN) is a leading medical products company specializing in the science, development, and commercialization of technologies for peripheral nerve repair and regeneration. The company's core mission is to restore peripheral nerve function and improve the quality of life for patients suffering from traumatic injuries or surgical procedures that impact nerve function and sensation.
Axogen's innovative product portfolio includes:
- Avance® Nerve Graft: The first and only commercially available allograft for bridging nerve discontinuities.
- Axoguard® Nerve Connector: A coaptation aid designed for the close approximation of severed nerves.
- Axoguard® Nerve Protector: A product that shields nerves during the healing process.
- Axoguard® Nerve Cap: A surgical implant to isolate and protect a peripheral nerve end, minimizing painful neuroma development.
- Axoguard HA+ Nerve Protector: A next-gen nerve protection device designed to provide both short- and long-term protection for peripheral nerve injuries.
- Avive® Soft Tissue Membrane: A biologically active product aiding in nerve healing.
- Axotouch® Two-Point Discriminator: An assessment tool for measuring the innervation density of skin surface areas.
Axogen's products are available in the United States, Canada, Germany, the United Kingdom, Spain, South Korea, and several other countries. The company continues to expand its global presence and partnerships, ensuring that healthcare providers and surgeons have access to clinically and economically effective nerve repair solutions.
Recent achievements include the launch of the Axoguard HA+ Nerve Protector, which provides enhanced nerve gliding and protection for a wide range of peripheral nerve injuries. The company reported strong performance in Q4 2023, with an expected annual revenue growth of 11% to 14% and anticipated gross margins between 76% and 79%.
For more information, visit www.axogeninc.com.
Axogen (AXGN) has announced it will release its fourth quarter 2022 financial results on March 14, 2023, before market opening. The company specializes in surgical solutions for peripheral nerve injuries and will host a conference call and webcast at 8:00 a.m. ET on the same day. Investors can participate via phone or listen online through the Axogen website. The company emphasizes its commitment to offering innovative, clinically proven solutions to aid in peripheral nerve repair, with a diverse product portfolio available in multiple countries.
Axogen, Inc. (NASDAQ: AXGN) announced the appointment of Jens Schroeder Kemp as Chief Marketing Officer on February 13, 2023. With over 20 years of experience in medical technology, Kemp will lead the company's marketing strategies and report to Karen Zaderej, Chairman and CEO. His previous role was Vice President of Marketing at Ambu Inc., where he significantly contributed to the single-use endoscopy market. The company aims to leverage Kemp's experience to enhance surgeon adoption and drive innovation in its nerve repair solutions, which include products like Avance Nerve Graft and Axoguard.
Axogen, Inc. (NASDAQ: AXGN) announced preliminary unaudited revenue results for Q4 and full-year 2022. Estimated Q4 revenue is about $36.1 million, marking a 16% increase year-over-year when excluding Avive revenue. Full-year revenue is projected at $138.5 million, a 12% increase from 2021. The company reported a cash balance of approximately $55 million at year-end, down from $59.4 million in Q3. Axogen continues to grow with 115 direct sales representatives and aims to submit a BLA for its Avance Nerve Graft in late 2023.
Axogen (NASDAQ: AXGN) announced a study published in Plastic and Reconstructive Surgery, indicating that both allograft and autograft repairs show significantly better rates of meaningful sensory recovery compared to conduit repairs. This comprehensive meta-analysis included over 1,500 nerve repairs across 35 studies. Recovery rates for allograft and autograft were comparable for gaps up to 70mm, while allograft had a better recovery rate (87.1%) in short gaps than conduit (62.2%). Financially, allograft does not impose an increased burden compared to autograft.
Axogen, a leader in surgical solutions for peripheral nerve injuries, announced that CEO Karen Zaderej will present at the JP Morgan 41st Annual Healthcare Conference in San Francisco on January 12, 2023, at 9:45 a.m. PST. The presentation will be available via live webcast on Axogen's Investors page, with a replay accessible for 90 days. Axogen specializes in technologies for nerve regeneration and repair, offering products like Avance® Nerve Graft and Axoguard Nerve Connector®. These solutions aim to restore nerve function and improve patients' quality of life.
Axogen, Inc. (NASDAQ: AXGN) announced its collaboration with the Donate Life organization, showcasing the stories of two patients benefiting from donated nerve tissue. Bri Majsiak, who underwent a mastectomy and nerve reconstruction using Avance Nerve Graft, will ride on the 2023 Donate Life Rose Parade Float. The event occurs on January 2, 2023, in Pasadena. Madelyn Nicpon, also an Avance Nerve Graft recipient, is honored posthumously through a floragraph on the float. This marks Axogen's tenth year co-sponsoring the float, emphasizing the vital role of organ and tissue donation.
Axogen, Inc. (NASDAQ: AXGN) reported third-quarter 2022 financial results, showcasing a net revenue of $37.0 million, an 18% increase year-over-year. The gross margin improved slightly to 83.3%. Despite a net loss of $4.3 million ($0.10 per share), this marks an improvement from a $7.1 million loss in Q3 2021. Adjusted net loss was narrowed to $0.4 million, with an adjusted EBITDA of $0.4 million. Cash and equivalents totaled $59.4 million, indicating a decrease due to capital expenditures for a new facility. The company revised its 2022 revenue guidance to $137.5 million to $140.0 million.
Axogen, Inc. (NASDAQ: AXGN) announced participation in key investor conferences in November and December 2022. CEO Karen Zaderej will engage in a fireside chat at the Jefferies London Healthcare Conference on November 15 and present at the Piper Sandler Healthcare Conference on November 30. CFO Peter Mariani will take part in the Canaccord Genuity Forum on November 17. Both executives will join a panel at the Cantor Medical & Aesthetic Conference on December 8. Webcasts will be accessible live on Axogen's Investors page, with replays available for 90 days.
Axogen, Inc. (NASDAQ: AXGN) announced the appointment of Dr. Adrian Tyndall as an independent board member effective December 13, 2022. Dr. Tyndall, currently the Executive Vice President for Health Affairs and Dean of Morehouse School of Medicine, brings extensive experience in emergency medicine and trauma research. His expertise is expected to enhance Axogen's mission in peripheral nerve repair. Additionally, founding director Dr. Mark Gold will retire from the board on the same date. The board expressed gratitude for Dr. Gold's contributions during his tenure.
Axogen, Inc. (NASDAQ: AXGN), a leader in surgical solutions for peripheral nerve injuries, will report its third quarter 2022 financial results on November 8, 2022, before market opening. The company will host an investment-community conference call at 8:00 a.m. ET on the same day. Interested participants can join via phone or through the company's website. Axogen provides innovative products for nerve repair, including Avance® Nerve Graft and Axoguard products, aimed at restoring nerve function and improving patient quality of life.
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