NeurAxis Secures Category I CPT Code for PENFS
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 08 2026
0mins
NeurAxis announced that the Category I CPT code for Percutaneous Electrical Nerve Field Stimulation, PENFS, is now in effect, completing a successful commercial milestone for the Company. The assignment of the Category I CPT code is one of the "most significant breakthroughs in efforts towards widespread adoption of IB-Stim," the company said. This establishes a permanent, nationally recognized coding and billing pathway for NeurAxis' PENFS therapy, reflecting broad clinical acceptance and meeting the American Medical Association's, AMA, criteria for widespread utilization, clinical efficacy, and established standards of care.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy NRXS?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on NRXS
Wall Street analysts forecast NRXS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NRXS is 8.00 USD with a low forecast of 8.00 USD and a high forecast of 8.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 4.660
Low
8.00
Averages
8.00
High
8.00
Current: 4.660
Low
8.00
Averages
8.00
High
8.00
About NRXS
Neuraxis, Inc. is a medical technology company. The Company is focused on developing neuromodulation therapies to address chronic and debilitating conditions in children and adults. It focuses on advancing science and leveraging evidence-based medicine to drive the adoption of its IB-Stim therapy, which is its proprietary Percutaneous Electrical Nerve Field Stimulation (PENFS) technology, by the medical, scientific, and patient communities. IB-Stim is a food and drug administration (FDA) cleared for functional abdominal pain associated with irritable bowel syndrome (IBS) in adolescents 11-18 years old. The Company’s second product, the Rectal Expulsion Device (RED), is indicated to evaluate the neuromuscular function of a patient’s ability to expel its contents from the rectum and as a qualitative test for rectal hypersensitivity. RED (K242304, 2024) helps identify patients with rectal hypersensitivity who experience a desire or urge defecating at lower volumes of distension.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Meta Platforms Sees 3.6% Stock Growth Driven by User Engagement
- User Growth: Meta Platforms has experienced steady user growth over the past year, particularly in the Asia-Pacific region, leading to a 3.6% stock increase, outperforming the 1.1% growth of the Internet - Software industry, which enhances its competitive position.
- AI Application: By leveraging artificial intelligence to improve the effectiveness of its platform services, Meta now reaches over 3.54 billion daily users, boosting its appeal to advertisers and is expected to drive future revenue growth.
- Investment Plans: Meta plans to significantly increase investments in advanced AI models over the next few years, although the monetization of these AI services may take considerable time, posing challenges to the company's future profitability.
- Market Performance: While Meta's stock performance has been strong, attention must be paid to its competitive edge in the advertising market and the monetization of AI services to ensure sustained growth and investor confidence.
Continue Reading
NeurAxis Secures Major Medical Policy Coverage for PENFS, Impacting 45 Million Members
- Policy Coverage Expansion: NeurAxis announced that its Percutaneous Electrical Nerve Field Stimulation (PENFS) technology, IB-Stim, has received medical policy coverage from a major national health insurer, impacting approximately 45 million health plan members and significantly enhancing the therapy's market recognition.
- Unique Treatment Solution: IB-Stim is an FDA-cleared non-invasive device specifically designed for treating functional abdominal pain in patients aged 8 and older, addressing a significant unmet medical need in pediatric functional dyspepsia treatment.
- Revenue Growth Potential: With the implementation of a Category I CPT code effective January 1, 2026, NeurAxis is positioned for substantial revenue growth and margin expansion, further solidifying its leadership in the medical technology sector.
- Increased Clinical Recognition: The company is aggressively working to secure additional coverage from large national insurers, indicating the growing recognition of IB-Stim as a necessary, evidence-based therapy for pediatric gastrointestinal disorders.
Continue Reading