NeurAxis Announces Over $8 Million in IB-Stim™ Revenue
- NeurAxis has generated over $8 million in revenue from its proprietary IB-Stim™ technology, following FDA clearance for pediatric treatment of functional abdominal pain and irritable bowel syndrome.
- Approximately $2 million of the revenue was generated in 2020 and 2019.
- NeurAxis is conducting clinical trials for four additional pediatric indications.
- None.
CARMEL, Ind., Aug. 17, 2023 (GLOBE NEWSWIRE) -- NeurAxis, Inc. (NYSE American: NRXS) (“NeurAxis” or the “Company”), a medical technology company commercializing neuromodulation therapies that address chronic and debilitating conditions in children and adults, today announced it has generated over
Approximately
Brian Carrico, Chief Executive Officer of NeurAxis, said, “We are pleased to have reached over
Forward Looking Statements
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About NeurAxis, Inc.
NeurAxis, Inc., is a medical technology company focused on neuromodulation therapies to address chronic and debilitating conditions in children and adults. NeurAxis is dedicated to advancing science and leveraging evidence-based medicine to drive adoption of its IB-Stim™ therapy, which is its proprietary Percutaneous Electrical Nerve Field Stimulation (PENFS) technology, by the medical, scientific, and patient communities. IB-Stim™ is FDA cleared for functional abdominal pain associated with irritable bowel syndrome (IBS) in adolescents 11-18 years old. Additional clinical trials of PENFS in multiple pediatric and adult conditions with large unmet healthcare needs are underway. For more information, please visit http://neuraxis.com.
The estimated revenues generated in 2019 and 2020 reflect our estimated financial results which were not audited nor reviewed by an independent registered public accounting firm.
Contacts:
Company
NeurAxis, Inc.
info @neuraxis.com
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Gilmartin Group
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