AxoGen, Inc. Announces Commercial Release And First Clinical Implant Of Avive™ Soft Tissue Membrane

ALACHUA, Fla., Nov. 21, 2016 (GLOBE NEWSWIRE) -- AxoGen, Inc. (NASDAQ:AXGN), a global leader in innovative surgical solutions for peripheral nerve injuries, today announced the commercial release and first clinical implant of Avive™ Soft Tissue Membrane.  Avive™ Soft Tissue Membrane is a minimally processed human umbilical cord membrane delivering the benefits of amnion to reduce inflammation and scar tissue formation. 

Avive™ represents AxoGen's fourth surgical product and may be used in conjunction with nerve surgery techniques to proactively reduce inflammation and scarring. With the addition of the market opportunity for Avive™, the Company now estimates that the current addressable market of AxoGen's nerve product portfolio has increased from $1.6 billion to $1.8 billion. Today the Company also announced that its salesforce has increased to 51 representatives, up from 45 at the beginning of November, supporting the continued penetration of AxoGen's solutions in the peripheral nerve repair market. 

"We are pleased to further expand our portfolio of products with the release of Avive™ Soft Tissue Membrane," commented Karen Zaderej, AxoGen's President and Chief Executive Officer.  "Providing surgeons with a proactive solution to some of the common challenges they experience strengthens our position as the preeminent company in peripheral nerve surgery."

Post-operative scar tissue and adhesion development is an inherent complication to nerve tissue following traumatic injury or surgical intervention. Used on injured nerves or surrounding soft tissues, Avive™ is a resorbable covering to keep potentially adherent surfaces apart. Processed from umbilical cord, Avive™ Soft Tissue Membrane is up to eight times thicker than amniotic sac membrane allowing for ideal handling, suturability and performance. Avive™ is minimally processed to ensure preservation of the natural properties of umbilical cord amniotic membrane.  It stays in place during the critical phases of tissue regeneration to protect the tissue from inflammation and scarring. 

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