BSX's acquisition of Axonics marks its entry into sacral neuromodulation and complements its Urology business.
Axonics Modulation Technologies (AXNX) came out with quarterly earnings of $0.16 per share, beating the Zacks Consensus Estimate of $0.13 per share. This compares to earnings of $0.08 per share a year ago.
AXNX's R20 rechargeable SNM system, offering long-lasting treatment for bladder and bowel dysfunction, gains approval in Australia.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| AAL Avraham A. Levitan Glass Jacobson Investment Advisors LLC | 5,951 | $342,835.8 | $414,190 | $71,354.2 | 20.81% |
| - Industry | - Sector | Mr. Raymond W. Cohen CEO | NASDAQ (NGS) Exchange | 05465P101 CUSIP |
| United States Country | 797 Employees | - Last Dividend | - Last Split | 31 Oct 2018 IPO Date |
Axonics, Inc. is a pioneering medical technology company focused on the development, commercialization, and innovation of advanced products aimed at treating bladder and bowel dysfunctions. With a core emphasis on sacral neuromodulation (SNM) systems, Axonics, Inc. offers groundbreaking solutions for patients suffering from overactive bladder (OAB), fecal incontinence (FI), and non-obstructive urinary retention (UR). The company's inception dates back to 2012, under the name Axonics Modulation Technologies, Inc., before rebranding to Axonics, Inc. in March 2021. Headquartered in Irvine, California, Axonics, Inc. has established a significant global presence, reaching patients through direct sales forces and distributors across the United States, United Kingdom, Germany, the Netherlands, Nordic countries, and various international markets.
Axonics, Inc.’s flagship SNM systems are designed to alleviate symptoms associated with overactive bladder (OAB), including urinary urge incontinence and urinary urgency frequency, fecal incontinence (FI), and non-obstructive urinary retention (UR). These treatments stand out by delivering mild electrical pulses to the sacral nerve, aiming to restore normal brain communication and reduce symptoms. The company provides both rechargeable (R20) and recharge-free (F15) implantable SNM systems to cater to diverse patient needs.
As part of its broader commitment to addressing urinary health, Axonics, Inc. offers Bulkamid, a urethral bulking agent specifically designed for the treatment of female stress urinary incontinence. This innovative solution represents the company’s stride towards expanding its product portfolio to include non-electronic therapeutic options, further illustrating its dedication to improving patient outcomes across a range of urinary incontinence issues.