Navigation Links
Significant US Peripheral Nerve Repair Market Opportunity Highlighted in New Independent Research
Date:9/20/2013

Alachua,FL (PRWEB) September 20, 2013

AxoGen, Inc. (NASDAQ: AXGN), a leading regenerative medicine company focused on the commercialization of technologies for peripheral nerve reconstruction, protection and regeneration, today announced the publication of a new independent research report by Magellan Medical Technology Consultants, Inc. (“MMTC”) on the US peripheral nerve repair market.

The report, which involved primary research via an online survey of nerve repair surgeons plus analysis of publicly available emergency room data and reimbursement data, determined the current size of the peripheral nerve injury repair device market for transected nerves in the United States to be between $1.32 and $1.93 billion per year, with an average of about $1.68 billion per year.

The report provides insight into the importance of transected nerve gap length, noting that each millimeter of nerve gap separation represents greater repair challenges and more complicated treatment decisions. It also emphasizes that there are different approaches to treating transected nerves of varying gap lengths. Researchers examined the distribution of transected gap lengths defined by the surgeons in relation to the surgeons’ decision making process for repair approach to develop a three tiered gap-length treatment model: No/Short Gap (0 –9 mm), Small Gap (9 – 20 mm) and Long Gap (greater than 20 mm).

Jill Schiaparelli, Senior Vice President of Business Strategy & Marketing at AxoGen said, “AxoGen is delighted to see independent validation of the sizable nerve repair market in the United States. Based on the conclusions of this report for the transected nerve repair market, combined with our data on the wrapping and OMF markets, the total current peripheral nerve repair market would be approximately $2.4 billion in the US. We are excited that we are participating in a market with such large opportunity and able to provide new options for patients and surgeons. “

The full report is available on the MMTC website at http://magellanmed.com/recent-studies. AxoGen provided sponsorship for a portion of the research.

About Magellan Medical Technology Consultants, Inc.
Magellan Medical Technology Consultants is a full service consulting organization focused exclusively on the medical technology industry. Magellan provides project teams to assist clients in the areas of: Market Research, Sales Support, Marketing, Regulatory, Reimbursement and Clinical Research. Magellan uses an employee based business model that has been proven to provide more consistent, focused solutions than a loose association of independent contractors.
About AxoGen, Inc.
AxoGen (NASDAQ: AXGN) is a leading regenerative medicine company dedicated to advancing the science and commercialization of peripheral nerve repair solutions. The Company’s innovative approach to regenerative medicine has resulted in first-in-class products that we believe will define their product categories. AxoGen’s products offer a full suite of surgical nerve repair solutions including Avance® Nerve Graft, the only off-the-shelf commercially available processed nerve allograft for bridging severed nerves without the comorbidities associated with a second surgical site, AxoGuard® Nerve Connector, a porcine submucosa ExtraCellular Matrix (ECM) coaptation aid for tensionless repair of severed nerves, and AxoGuard® Nerve Protector, a porcine submucosa ECM product used to wrap and protect injured peripheral nerves and reinforce the nerve reconstruction while preventing soft tissue attachments.

AxoGen is the parent of its wholly owned operating subsidiary, AxoGen Corporation. AxoGen’s principal executive office and operations are located in Alachua, FL. For more information on AxoGen and its technology, please visit http://www.AxoGenInc.com. To receive email alerts directly from AxoGen, please click here http://www.axogeninc.com/emailalerts.html.

Cautionary Statements Concerning Forward-Looking Statements
This Press Release contains “forward-looking” statements as defined in the Private Securities Litigation Reform Act of 1995. These statements are based on management’s current expectations or predictions of future conditions, events or results based on various assumptions and management’s estimates of trends and economic factors in the markets in which we are active, as well as our business plans. Words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “seeks”, “estimates”, “projects”, “forecasts”, “continue”, “may”, “should”, “will” variations of such words and similar expressions are intended to identify such forward-looking statements. The forward-looking statements may include, without limitation, statements regarding product commercialization and marketing efforts for its portfolio of peripheral nerve repair products, Avance® Nerve Graft, AxoGuard® Nerve Connector and AxoGuard® Nerve Protector, product development, financial performance, sales growth, product adoption, market awareness of our products, data validation and our ability to maintain the listing of our common stock on a national securities exchange. The forward-looking statements are subject to risks and uncertainties, which may cause results to differ materially from those set forth in the statements. Forward-looking statements in this release should be evaluated together with the many uncertainties that affect AxoGen’s business and its market, particularly those discussed in the risk factors and cautionary statements in AxoGen’s filings with the Securities and Exchange Commission. Forward-looking statements are not guarantees of future performance, and actual results may differ materially from those projected. The forward-looking statements are representative only as of the date they are made, and AxoGen assumes no responsibility to update any forward-looking statements, whether as a result of new information, future events or otherwise.

This press release does not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offer, if at all, will be made only by means of the registration statement and the final prospectus.

Read the full story at http://www.prweb.com/releases/2013/9/prweb11136848.htm.


'/>"/>
Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. Miraca Life Sciences Announces Significant American College of Gastroenterology Tradeshow Plans
2. Dr. Roger Reeves, 2012 Sisley-Jérôme Lejeune Prize Winner, Significantly Advances Understanding of the Biology of Down Syndrome Leading to New Avenues of Research
3. Massage Combined with Resistance Significantly Improves Hamstring Flexibility
4. Oral nutritional supplements demonstrate significant health and cost benefits
5. Figurella Announces Significant Increases in Summer Sales
6. Pradaxa Lawsuit Lawyers at Wright & Schulte LLC Disturbed by New Study Finding that Pradaxa Users Face Significantly Higher Risk of Bleeding Side-Effects
7. UC Davis Children's Hospital Study Finds Telemedicine Consultations Significantly Improve Pediatric Care in Rural Emergency Rooms
8. Integrative medicine interventions found to significantly reduce pain, improve quality of life
9. InControl Medical LLC Announces Significant Second Quarter Sales Increase
10. Age-related smelling loss significantly worse in African-Americans
11. Brodalumab demonstrates significant clinical response in psoriatic arthritis
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/26/2016)... ... June 26, 2016 , ... Many women are confused ... endometriosis. These women need a treatment plan to not only alleviate symptoms and ... help for preservation of fertility and ultimately achieving a pregnancy. The specialists at ...
(Date:6/25/2016)... ... 2016 , ... "With 30 hand-drawn hand gesture animations, FCPX users can easily ... of Pixel Film Studios. , ProHand Cartoon’s package transforms over 1,300 hand-drawn pictures ... . Simply select a ProHand generator and drag it above media or text in ...
(Date:6/25/2016)... ... June 25, 2016 , ... On Friday, June 10, Van Mitchell, Secretary of ... award to iHire in recognition of their exemplary accomplishments in worksite health promotion. , ... Workplace Health & Wellness Symposium at the BWI Marriott in Linthicum Heights. iHire was ...
(Date:6/24/2016)... ... , ... June 19, 2016 is World Sickle Cell Observance Day. In an ... of holistic treatments, Serenity Recovery Center of Marne, Michigan, has issued a ... Cell Disease (SCD) is a disorder of the red blood cells, which can cause ...
(Date:6/24/2016)... CA (PRWEB) , ... June 24, 2016 , ... ... is now offering micro-osteoperforation for accelerated orthodontic treatment. Dr. Cheng has extensive experience ... Damon brackets , AcceleDent, and accelerated osteogenic orthodontics. , Micro-osteoperforation is ...
Breaking Medicine News(10 mins):
(Date:6/23/2016)... , June 23, 2016 Research ... Pharma News Issue 52" report to their offering. ... in influenza treatment creates a favourable commercial environment for MedImmune ... growing patient base that will serve to drive considerable growth ... vaccine would serve to cap sales considerably, but development is ...
(Date:6/23/2016)... INDIANAPOLIS , June 23, 2016 If ... Leaders Scholarship is any indication, the future is in ... at www.diabetesscholars.org by the Diabetes Scholars Foundation ... the way of academic and community service excellence. ... since 2012, and continues to advocate for people with ...
(Date:6/23/2016)... June 23, 2016  Guerbet announced today that it ... Supplier Horizon Award . One of 12 ... recognized for its support of Premier members through exceptional ... excellence, and commitment to lower costs. ... recognition of our outstanding customer service from Premier," says ...
Breaking Medicine Technology: