Truist Securities maintains Buy rating on Axogen, $53 price target

Axogen, Inc. (AXGN) filed an SEC Form 8-K — Regulation FD Disclosure. Exhibit 99.1 Axogen Completes Acquisition of BioCircuit Technologies, Adding NerveTape™, the First FDA Cleared Device for Sutureless Peripheral Nerve Repair ALACHUA and TAMPA, FL – October 1, 2026 - Axogen, Inc. (“Axogen” or the “Company”) (Nasdaq: AXGN), a global leader in devel

Axogen, Inc. agreed to acquire BioCircuit Technologies, Inc. for $200 million in cash, expected to close in Q4 2026. BioCircuit's NerveTape™ technology, which simplifies nerve repair, complements Axogen's portfolio. The deal is expected to boost revenue growth, adjusted EBITDA margin, and adjusted earnings per share post-closing, while maintaining positive free cash flow, according to Axogen.

Axogen (AXGN) raised $208.7m via a share offering at $42.50 each, alongside an M&A call. The company's stock is up 36% YTD and 157% over 1 year, but down 13% in the past month. Analysts estimate a fair value of $53.22, highlighting potential undervaluation and growth prospects, but also noting valuation risks and dependence on a single product.

Axogen Inc. (AXGN) agreed to acquire BioCircuit Technologies for $200M in cash, funding the deal via a $208.7M stock offering. BioCircuit's NerveTape, an FDA-approved sutureless nerve repair device, will expand Axogen's surgical solutions. AXGN shares fell 10.54% to $45.46 on the news.

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Axogen (AXGN) stock fell 9.0% in pre-market trading after announcing a $200M acquisition of BioCircuit Technologies and a $208.7M equity raise at a 10% discount. The deal includes a 30-day over-allotment option. Axogen expects the acquisition to boost revenue, EBITDA, and earnings. The stock drop is attributed to the discounted equity offering.