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NeurAxis, Inc.: Business Overview, Financials & Competitive Analysis

NeurAxis is a medical technology company developing neuromodulation therapies to address chronic and debilitating conditions in children and adults in the United States. The company's flagship technology is Percutaneo...

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NeurAxis, Inc. OverviewStrategic ProfileCompetitive LandscapeIndustry ContextKey facts
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5/ 10Mixed

Cyborg Score thesis

Early-stage medical device company with validated technology and growing revenue, but limited scale and cash require careful...

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Industry Medical Devices & Neuromodulation
3 named competitors
3 recent developments
11 analyst dimensions
Synthesized from analyst-debate stress-testing across 11 dimensions and hundreds of data points. Methodology →
Cyborg Score recalibrated: July 20, 2026
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NeurAxis, Inc. Overview

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NeurAxis is a medical technology company developing neuromodulation therapies to address chronic and debilitating conditions in children and adults in the United States. The company's flagship technology is Percutaneous Electrical Nerve Field Stimulation (PENFS), with its FDA-cleared IB-Stim device for functional abdominal pain associated with irritable bowel syndrome and functional dyspepsia in patients 8 years and older.

Strategic Profile

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NeurAxis demonstrated strong revenue growth of 27% in Q4 2025 to $968k and 33% for full year 2025 to $3.6M. Key commercial milestones include a Category I CPT code effective January 2026, a VA Federal Supply Schedule contract, and expanded FDA clearance for IB-Stim. The company is positioning itself as a focused player in the neuromodulation space targeting gastrointestinal disorders.

Competitive Landscape

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Competitors in the neuromodulation and medical device space include Akari Therapeutics, SeaStar Medical Holding, Rein Therapeutics, Lixte Biotechnology, and Fibrobiologics. NeurAxis competes in the specialty medical device market focused on gastrointestinal disorders with a targeted platform approach.

Industry Context

NeurAxis, Inc. operates in Medical Devices & Neuromodulation.

Key facts

Founded: 2023 · Headquarters: Carmel, Indiana · Revenue: $3.6M (2025) · Market cap: N/A

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Recent developments

Material events tracked by the AskCyborg corpus.

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Named competitors

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SeaStar MedicalMedical device company in electromedical therapies→Akari TherapeuticsBiotechnology and medical device development→Rein TherapeuticsMedical technology company→

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Industry context

NeurAxis, Inc. operates in Medical Devices & Neuromodulation. See how the rest of the sector scores on the Cyborg framework.

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Frequently asked questions

What does NeurAxis, Inc. do?+
NeurAxis is a medical technology company developing neuromodulation therapies to address chronic and debilitating conditions in children and adults in the United States. The company's flagship technology is Percutaneo...
What is NeurAxis, Inc.'s Cyborg Score?+
NeurAxis, Inc. has a Cyborg Score of 5/10 (Mixed). The score synthesizes business model, financials, leadership, competitive position, technology, marketing, and ESG dimensions across hundreds of data points.
Who are NeurAxis, Inc.'s main competitors?+
Named competitors include SeaStar Medical, Akari Therapeutics, Rein Therapeutics. The full competitive landscape is in the AskCyborg report.
How can I get the full NeurAxis, Inc. research report?+
Get the report plus analyst-debate audio at askcyborg.com -- no credit card required for preview access. Pro adds saved-company audio playlists and monitoring.
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