H.C. Wainwright raised the firm’s price target on AxoGen (AXGN) to $39 from $26 and keeps a Buy rating on the shares after the company announced that the FDA had approved the Biologics License Application for its Avance acellular nerve scaffold. The approval further strengthens Avance’s market positioning and should facilitate further market penetration of Avance in the coming years, the analyst tells investors.
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