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NeurAxis Achieves Medical Coverage Policy Milestone, Expanding Access to Approximately 45 million additional Covered Lives
Globenewswire· 2025-12-19 13:00
Core Insights - NeurAxis, Inc. has announced significant new medical policy coverage for its Percutaneous Electrical Nerve Field Stimulation (PENFS) technology, IB-Stim, from a major national health insurer, expanding its coverage to approximately 100 million lives across multiple states [1][3] Company Overview - NeurAxis, Inc. is a medical technology company focused on neuromodulation therapies for chronic and debilitating conditions in both children and adults [4] - The company's proprietary technology, IB-Stim, is FDA-cleared for treating functional abdominal pain associated with irritable bowel syndrome (IBS) and functional dyspepsia (FD) in patients aged 8 years and older [2][4] Product Details - IB-Stim is a non-invasive device that stimulates cranial nerve bundles in the ear to regulate pain signaling between the gut and the brain, addressing a significant unmet medical need in pediatric patients [2] - Currently, there are no FDA-approved drug therapies for pediatric patients with abdominal pain related to functional dyspepsia, making IB-Stim a unique solution in this market [2] Market Position and Future Outlook - The CEO of NeurAxis expressed optimism about securing additional coverage from large national insurers, highlighting the growing recognition of IB-Stim as an evidence-based therapy for pediatric gastrointestinal disorders [3] - With a Category I CPT code effective January 1, 2026, and incorporation into leading national society clinical practice guidelines, NeurAxis is positioned for significant revenue growth and margin expansion [3]
NeurAxis to Participate in the Lytham Partners Spring 2025 Investor Conference on May 29, 2025
Globenewswire· 2025-05-27 12:00
Company Overview - NeurAxis, Inc. is a medical technology company focused on neuromodulation therapies for chronic and debilitating conditions in both children and adults [4] - The company is advancing its proprietary IB-Stim™ therapy, which utilizes Percutaneous Electrical Nerve Field Stimulation (PENFS) technology, and is FDA cleared for treating functional abdominal pain associated with irritable bowel syndrome (IBS) in adolescents aged 8-21 [4] - NeurAxis is conducting additional clinical trials of PENFS for various pediatric and adult conditions with significant unmet healthcare needs [4] Upcoming Events - NeurAxis will participate in the Lytham Partners Spring 2025 Investor Conference, with a webcast presentation scheduled for May 29, 2025, at 9:30 a.m. ET [1][2] - The webcast will be accessible via the conference homepage and will be available for replay after the event [2] - Management will also engage in virtual one-on-one meetings with investors during the conference [3]