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NeurAxis Announces BCBS of Vermont Medical Policy Coverage for PENFS, effective October 1st 2024

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NeurAxis Announces BCBS of Vermont Medical Policy Coverage for PENFS, effective October 1st 2024


NeurAxis, Inc.

NeurAxis, Inc.

CARMEL, Ind., Aug. 13, 2024 (GLOBE NEWSWIRE) — NeurAxis, Inc. (“NeurAxis,” or the “Company”) (NYSE American: NRXS), a medical technology company commercializing neuromodulation therapies addressing chronic and debilitating conditions in children and adults, today announced medical policy coverage for Percutaneous Electrical Nerve Field Stimulation (PENFS), for Blue Cross Blue Shield (BCBS) of Vermont Medical Members, effective 10/1/2024. This medical policy will bring our national total coverage for PENFS to roughly 23 million, with more decisions from major payers still pending.

IB-Stim™ is a non-surgical device that sends gentle electrical impulses into cranial nerve bundles in the ear. NeurAxis’ PENFS technology is FDA-cleared for functional abdominal pain associated with irritable bowel syndrome (IBS) in adolescents 11-18 years old. There are currently no FDA-approved drug therapies for children with abdominal pain-related disorders of the gut-brain interaction. The current medical treatments, which are off-label drugs, can often have serious side effects, and most lack scientific evidence of efficacy.

“We are excited regarding the coverage expansion in the state of Vermont, home to the renowned University of Vermont Children’s Hospital,” said Brian Carrico, President and Chief Executive Officer of NeurAxis. “We continue to make progress on our commercialization strategy goals for IB-Stim by increasing payer coverage to drive market adoption of our technology. We are on track to achieve our stated goal of having medical policy coverage for at least 50 million lives by the end of 2024, which will set the stage for a significant revenue ramp in late 2024 and into 2025,” Mr. Carrico concluded.

About NeurAxis, Inc.
NeurAxis, Inc., is a medical technology company focused on neuromodulation therapies to address chronic and debilitating conditions in children and adults. NeurAxis is dedicated to advancing science and leveraging evidence-based medicine to drive 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 FDA cleared for functional abdominal pain associated with irritable bowel syndrome (IBS) in adolescents 11-18 years old. Additional clinical trials of PENFS in multiple pediatric and adult conditions with large unmet healthcare needs are underway. For more information, please visit http://neuraxis.com.

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Forward-Looking Statements
Certain statements in this press release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are forward-looking statements. Forward-looking statements are based on management’s current assumptions and expectations of future events and trends, which affect or may affect the Company’s business, strategy, operations or financial performance, and actual results and other events may differ materially from those expressed or implied in such statements due to numerous risks and uncertainties. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. There are a number of important factors that could cause actual results, developments, business decisions or other events to differ materially from those contemplated by the forward-looking statements in this press release. These factors include, among other things, the conditions in the U.S. and global economy, the trading price and volatility of the Company’s stock, public health issues or other events, the Company’s compliance with applicable laws, the results of the Company’s clinical trials and perceptions thereof, the results of submissions to the FDA, the results of the shareholder vote to enable the issuance of the Preferred Stock, and factors described in the Risk Factors section of NeurAxis’s public filings with the Securities and Exchange Commission (SEC). Because forward-looking statements are inherently subject to risks and uncertainties, you should not rely on these forward-looking statements as predictions of future events. These forward-looking statements speak only as of the date of this press release and, except to the extent required by applicable law, the Company undertakes no obligation to update or revise these statements, whether as a result of any new information, future events and developments or otherwise.

Contacts:

Company
NeurAxis, Inc.
info@neuraxis.com

Investor Relations
Lytham Partners
Ben Shamsian
646-829-9701
shamsian@lythampartners.com

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Friends, family rally behind Vermont veteran charged with domestic terrorism

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Friends, family rally behind Vermont veteran charged with domestic terrorism


NEWPORT, Vt. (WCAX) – Friends and family of a Vermont veteran charged with domestic terrorism rallied in Newport Thursday, saying the charges stem from a mental health crisis and are unwarranted.

Vermont State Police say Joseph “J.J.” Millett, 38, of Newport, called a veterans crisis line in February, making suicidal statements and threatening a mass-casualty event.

Court records say Millett had guns and wrote what investigators call a manifesto. He turned himself in, and state police say they disarmed him at the barracks. He pleaded not guilty and was never formally arrested or placed in jail. He is currently in a treatment facility.

Supporters say the threats were the result of new medication and a mental health crisis. “But all the way to domestic terrorism for a man that fought overseas — he wasn’t a terrorist. He’s been fighting terrorists half his life,” said Chad Abbott, a friend who served with Millett overseas.

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Abbott said he believes the charges could have unintended consequences for veterans seeking help. “These hotlines that they put out for us is to kind of get us the help we need. And now, none of us are going to want to call that,” he said.

Millett’s sister, Courtney Morin, said her brother served in the Vermont Guard for nearly 10 years and has struggled with mental health since returning home. “He suffers from depression, anxiety — he has PTSD. So, he’s actually been seeking help for his mental health for probably as long as he’s been home,” Morin said.

Orleans County State’s Attorney Farzana Leyva said the charge is warranted and that Millett was not calling for help when he contacted the crisis line. “He called the crisis helpline to make the threats. I think we have to be very clear about that. Those were threats. He did not call the crisis helpline for help. He called anonymously,” Leyva said.

She said the evidence — including repeated threats — Millett’s access to guns, and a manifesto justifies the charge and protects the public. “My priority is public safety, which is the highest priority that I have right now,” Leyva said.

Morin said she believes her brother was trying to get help. “I think he was seeking help. I mean, it’s all a trail of him seeking help, being on different meds. You know, we’re not in his head. We don’t know what he’s dealing with. And especially if you’re dealing with it alone,” Morin said.

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Millett continues to receive treatment and is due back in court later this month.



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Vermont high school playoff scores, results, stats for Thursday, March 5

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Vermont high school playoff scores, results, stats for Thursday, March 5


The 2025-2026 Vermont high school winter season has begun. See below for scores, schedules and game details (statistical leaders, game notes) from basketball, hockey, gymnastics, wrestling, Nordic/Alpine skiing and other winter sports.

TO REPORT SCORES

Coaches or team representatives are asked to report results ASAP after games by emailing sports@burlingtonfreepress.com. Please submit with a name/contact number.

Contact Alex Abrami at aabrami@freepressmedia.com. Follow him on X, formerly known as Twitter: @aabrami5.

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Contact Judith Altneu at JAltneu@usatodayco.com. Follow her on X, formerly known as Twitter: @Judith_Altneu.

THURSDAY’S H.S. PLAYOFF GAMES

D-III GIRLS BASKETBALL SEMIFINALS

At Barre Auditorium

No. 5 Vergennes (17-4) vs. No. 1 Hazen (18-2), 5:30 p.m.

No. 3 Oxbow (16-6) vs. No. 2 Windsor (16-6), 7:30 p.m.

Watch Vermont high school sports on NFHS Network

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D-I BOYS BASKETBALL QUARTERFINALS

Games at 7 p.m. unless noted

No. 8 Mount Mansfield (10-11) at No. 1 Rice Memorial (17-3)

No. 12 Essex (5-16) at No. 4 Rutland (15-6)

No. 7 Burr and Burton (13-8) at No. 2 South Burlington (15-5), 6 p.m.

No. 6 BFA-St. Albans (13-8) vs. No. 3 Burlington (15-5) at Colchester, 7:30 p.m.

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D-II GIRLS HOCKEY QUARTERFINALS

No. 8 Stowe (5-16) vs. No. 1 U-32 (13-6-1) at Kreitzberg Arena, 5 p.m.

(Subject to change)





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19 Vermont school budgets fail as education leaders debate need for reform

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19 Vermont school budgets fail as education leaders debate need for reform


MONTPELIER, Vt. (WCAX) – Most Vermont school budgets passed Tuesday, but 19 districts and supervisory unions saw their spending plans rejected — an uptick from the nine that failed in 2025, though well below the 29 that failed in 2024.

Some education leaders say the results show communities are largely supportive of their schools.

“We’re starting to kind of equalize out again towards the normal trend of passage of school budgets each year,” said Chelsea Meyers of the Vermont Superintendents Association.

Sue Ceglowski of the Vermont School Boards Association said the results send a clear message. “Vermont taxpayers support Vermont’s public schools,” she said.

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Meyers said the results also raise questions about the scope of education reform being considered in Montpelier. “If we are going to reform the system, it might not require sweeping broad changes as are being considered right now, but a more concise approach to consider that inequity,” she said.

But in districts where budgets failed, officials say structural changes are still needed. In Barre, where the budget failed, Barre Unified Union School District Board Chair Michael Boutin said the Legislature must, at a minimum, create a new funding formula. “We have to have that in order to avoid the huge increases and decreases — the huge increases that we’ve seen in the last couple years,” Boutin said.

He said the rise in school budgets is separate from why property owners are seeing sharp tax increases. The average state increase in school budgets is 4%, but the average property tax increase is 10%, driven by cost factors including health care. “There’s a complete disconnect, and that’s a product of the terrible system that we have in Vermont with our funding formula,” Boutin said.

Ceglowski says the state should address health care costs before moving forward with rapid education policy changes. “Addressing the rapid rise in the cost of school employees’ health benefits by ensuring a fair and balanced statewide bargaining process for those benefits,” she said.

The 19 districts that did not pass their budgets will need to draft new spending plans to present to voters, which often requires cuts. Twelve school districts are scheduled to vote at a later date.

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