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Axonics Modulation Technologies Priced, Nasdaq: AXNX

Commercializing a neural implant for overactive bladder and incontinence.

Industry: Health Care

First Day Return: -0.1%

Industry: Health Care

We are a medical technology company focused on the design, development, and commercialization of innovative and minimally invasive sacral neuromodulation (SNM) solutions. SNM therapy is primarily used to treat patients with overactive bladder (OAB), fecal incontinence (FI), and urinary retention (UR). Our r-SNM System delivers mild electrical pulses to the targeted sacral nerve in order to restore normal communication to and from the brain to reduce the symptoms of OAB, FI, and UR. We believe our proprietary r-SNM System offers significant advantages, including being the first and only rechargeable SNM system that is designed to be 60% smaller than existing technology and to last approximately 15 years. We currently have marketing approvals in Europe, Canada, and Australia for OAB, FI, and UR, and expect to submit a PMA application to the FDA for UUI, a predominant OAB subtype, during the first quarter of 2019. We believe our r-SNM System has the potential to disrupt and grow the approximately $605 million global SNM market in 2017, which is currently controlled by a single participant.
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Axonics Modulation Technologies (AXNX) Performance