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Axonics Inc Stock Price, News & Analysis

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Welcome to our dedicated page for Axonics news (Ticker: AXNX), a resource for investors and traders seeking the latest updates and insights on Axonics stock.

Axonics Inc (AXNX) is a leader in developing rechargeable neuromodulation systems for urinary and fecal dysfunction. This page provides centralized access to official company announcements, financial updates, and clinical developments shaping the future of sacral neuromodulation therapy.

Investors and healthcare professionals will find timely updates on FDA clearances, clinical trial results, and strategic partnerships. Our curated collection includes earnings reports, product launch details, and regulatory milestones – all essential for understanding Axonics' position in the competitive MedTech landscape.

Key updates cover three critical areas: product innovation in implantable devices, clinical research advancements, and strategic business developments. Each news item is verified for accuracy and relevance to ensure you receive actionable insights without speculative content.

Bookmark this page for direct access to Axonics' latest progress in neuromodulation technology. Check regularly for updates that could impact long-term treatment approaches in urology and gastroenterology.

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Boston Scientific (NYSE: BSX) has completed its acquisition of Axonics (Nasdaq: AXNX), a medical technology company specializing in devices for urinary and bowel dysfunction treatment. The acquisition, valued at $3.7 billion in equity value and $3.3 billion in enterprise value, was completed at $71 cash per share. The deal expands Boston Scientific's Urology business into sacral neuromodulation, a high-growth market. The transaction is expected to be immaterial to adjusted earnings per share in 2024 and 2025, becoming accretive thereafter, though potentially less accretive or more dilutive on a GAAP basis due to amortization and acquisition costs.

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Axonics (AXNX) reported strong Q3 2024 financial results with net revenue of $116.2 million, marking a 25% year-over-year growth. Both sacral neuromodulation and Bulkamid® segments showed 25% growth, reaching $92.3 million and $23.8 million respectively. The company's gross margin improved to 77.2% from 74.2% year-over-year. Despite recording an operating loss of $6.3 million, which included $8 million in one-time legal and acquisition-related costs, Adjusted EBITDA increased to $23.6 million from $14.0 million. The company maintained a strong cash position of $367 million as of September 30, 2024.

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Axonics, Inc. (Nasdaq: AXNX) has received regulatory approval from the Therapeutic Goods Administration (TGA) to market its Axonics R20® rechargeable sacral neuromodulation (SNM) system in Australia. The system is approved to treat adults with overactive bladder and fecal incontinence. Key features of the R20 neurostimulator include:

  • Functional life of at least 20 years in the body
  • Recharging required only once every 6 to 10 months for one hour
  • Same 5cc form factor as the previous generation (Axonics R15®)
  • Enhanced programming capabilities and expanded MRI labeling

Axonics began SNM commercial activities in Australia in March 2023 and received approval for its F15® recharge-free SNM system in May 2024. The company also markets Bulkamid® for female stress urinary incontinence in Australia. Sales of the R20 are expected to commence in November.

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Axonics, Inc. (Nasdaq: AXNX) has prevailed in a patent infringement lawsuit brought by Medtronic in the U.S. District Court for the Central District of California. The jury unanimously found that Axonics does not infringe any of the three patents-in-suit. This verdict recognizes the differentiation of Axonics' proprietary tined lead design and temperature sensor technology from Medtronic's intellectual property.

Axonics CEO Raymond W. Cohen stated that the company viewed Medtronic's lawsuit, initiated in late 2019, as an attempt to stifle competition, limit patient and physician choice, and protect Medtronic's monopoly in sacral neuromodulation. Axonics remains focused on its mission to positively impact the lives of adults with bladder and bowel dysfunction.

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Axonics (NASDAQ: AXNX) reported strong financial results for Q2 2024, with record revenue of $114.6 million, up 23% year-over-year. The company achieved significant milestones:

- Sacral neuromodulation revenue: $91.2 million (+23%)
- Bulkamid revenue: $23.4 million (+25%)
- Gross margin: 77.8% (up from 75.6%)
- Net income: $6.9 million (vs. $7.3 million loss in Q2 2023)
- Adjusted EBITDA: $23.4 million (vs. $18.4 million in Q2 2023)

CEO Raymond W. Cohen attributed the growth to higher utilization at existing customers, new account onboarding, and improved manufacturing yields. The company remains confident in its market expansion strategy and looks forward to its future as part of Boston Scientific.

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Kestra Medical Technologies, a privately held wearable medical device and digital healthcare company, has announced the appointment of Raymond W. Cohen to its board of directors as an independent member. Cohen, with over 40 years of life sciences industry experience, is currently the CEO and board member of Axonics Inc. (Nasdaq: AXNX), which recently agreed to be acquired by Boston Scientific for $3.7 billion.

Brian Webster, President & CEO of Kestra, highlighted Cohen's extensive experience in external defibrillation and commercial growth strategies as valuable assets for the company. Kestra recently closed a $196 million funding round to support commercial expansion and advance its mission of protecting at-risk patients with its wearable cardioverter defibrillator. The funding was co-led by Andera Partners, Ally Bridge Group, Longitude Capital, and Omega Funds, with participation from new and long-term investors.

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Axonics announced it received regulatory approval from the Therapeutic Goods Administration (TGA) in Australia for its Axonics F15™ recharge-free sacral neuromodulation (SNM) system, intended to treat adults with overactive bladder. This approval allows Australians to access a device with longer longevity, constant current stimulation, and a user-friendly remote control. The launch in Australia follows Axonics' commencement of SNM commercial activities in March 2023. Additionally, Axonics markets Bulkamid®, a hydrogel product for female stress urinary incontinence, in the region. Axonics aims to continue promoting its innovative incontinence therapies globally.

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Axonics, Inc. (Nasdaq: AXNX) reported positive first quarter 2024 financial results with a 29% revenue growth year over year. The company saw increases in revenue for sacral neuromodulation and Bulkamid products, achieving a record gross margin of 75.8%. Operating expenses included acquisition-related costs related to the Boston Scientific merger, leading to a net loss of $19.1 million. Adjusted EBITDA improved to $3.0 million. Cash, cash equivalents, short-term investments, and restricted cash totaled $349 million as of March 31, 2024.

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FAQ

What is the current stock price of Axonics (AXNX)?

The current stock price of Axonics (AXNX) is $70.98 as of February 7, 2025.

What is the market cap of Axonics (AXNX)?

The market cap of Axonics (AXNX) is approximately 3.6B.
Axonics Inc

NYSE:AXNX

AXNX Rankings

AXNX Stock Data

3.63B
50.43M
1.26%
87.22%
6.48%
Medical Devices
Surgical & Medical Instruments & Apparatus
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