NeurAxis Awarded First Ever FDA Clearance for the Treatment of Pain in Functional Dyspepsia (FD) with associated Nausea Symptoms in the Adult Patient Population - Neuraxis (AMEX:NRXS)

NeurAxis (NRXS) shares fell after Q2 2026 results for the quarter ended June 30. Revenue rose to $1.9M, up 115.7% year over year, and loss per share narrowed to $0.19. Net loss and operating loss widened to $2.1M each. Gross margin increased to 85.9% from 83.6% as average selling price rose 28% to $992. Cash was $8.3M.

NeurAxis (NRXS) reported Q2 2026 revenue of $1.928 million, up 116% year over year, driven by increased payer and reimbursement coverage, with IB-Stim ASP rising to $992 per device (+28%). Gross margin was 85.9%. Operating loss was $2.1 million and net loss $2.1 million. Cash on hand was $8.3 million as of June 30, 2026.

NeurAxis (NRXS) reported Q2 2026 revenue of $1.9M, up 116% from $0.9M in Q2 2025, citing expanded payer coverage after Category I CPT code assignment for PENFS. Gross margin rose 230 bps. Operating cash use improved to $1.0M, with cash of $8.3M at June 30, 2026. The company also cited VA contract access and FDA clearance for IB-Stim.

NeurAxis (NYSE American: NRXS) reported Q2 2026 revenue of $1.9M, up 116% year over year, citing PENFS Category I CPT code coverage effective Jan. 1, 2026. Gross margin rose to 85.9%. Cash was $8.3M at June 30, 2026. The company also cited VA FSS contract and FDA clearance for functional dyspepsia abdominal pain.

BioNTech (NASDAQ:BNTX) halted a mid-stage trial of its mRNA cancer vaccine, autogene cevumeran, due to an overall survival imbalance. The decision raises concerns about its mRNA strategy in colorectal cancer and other 'cold' tumors. BioNTech plans to continue other trials, including one for pancreatic cancer and BNT113 for head and neck cancer. The company also focuses on diversifying its oncology pipeline. According to Reuters, the news caused a 7.5% drop in BioNTech's US-listed shares.

Volkswagen (VW) plans to produce components for Israel's Iron Dome missile defense system at its Osnabrück, Germany factory. The move is part of VW's restructuring efforts amid economic challenges and competition. The project involves a joint venture with Israeli defense company Rafael and the German state of Lower Saxony, aiming to overcome opposition from Qatar's sovereign wealth fund, a VW stakeholder. This marks VW's return to defense-related manufacturing as European defense spending rises.