Financial PerformanceAxogen reported 23.5% year-over-year revenue growth, exceeding projections and demonstrating strong financial performance.
Market ExclusivityAvance has been granted Regenerative Medicine Advance Therapy designation, granting 12 years of exclusivity in the U.S. from commercial competition.
Regulatory ApprovalFDA approval for Avance as a biologic strengthens its market positioning and should facilitate further market penetration.