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Why Axonics Modulation Technologies Stock Is Soaring Today

TheMotleyFool

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Why Axonics Modulation Technologies Stock Is Soaring TodayPhoto, wide shot, wide-angle lens, Clinical research organization, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Michael Light: https://img.theapi.app/temp/c28f6640-54ba-4d2b-afbe-b5fd3b0ee19e.png

Shares of Axonics Modulation Technologies (NASDAQ: AXNX), a medical device company focused on bladder and bowel dysfunction, rose 15% as of 11:00 a.m. EST on Thursday. The double-digit jump is a response to the news that the company won FDA approval for its Axonics r-SNM (rechargeable sacral neuromodulation) System.

The FDA granted premarket approval for the Axonics r-SNM System as a treatment for urinary urge incontinence, urinary urge frequency, as well as urinary retention (OAB).

Image source: Getty Images.

Source Fool.com

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