Corporate profileAxoGen, Inc. is an emerging regenerative medicine company focused on the commercialization of its portfolio of proprietary products and technologies for peripheral nerve reconstruction and regeneration.

Headquarters: Alachua, FLNumber of employees: 46 Products and Services: Peripheral Nerve Reconstruction

Peripheral nerves provide the pathways for both motor and sensory signals throughout the body and their damage can result in the loss of function and feeling. In order to improve surgical reconstruction and regeneration of peripheral nerves, AxoGen has developed and licensed patented and patent-pending technologies, which are used in its portfolio of products.

This portfolio includes Avance® Nerve Graft, the only commercially available processed nerve allograft for bridging severed peripheral nerves. AxoGen’s portfolio also includes AxoGuard® Nerve Connector, a coaptation aid allowing for close approximation of severed nerves, and AxoGuard® Nerve Protector, a bioscaffold used to reinforce a coaptation site, wrap a partially severed nerve or isolate and protect nerve tissue. AxoGen is bringing the science of nerve repair to life with thousands of surgical implants of AxoGen products performed in hospitals and surgery centers across the United States, including military hospitals serving U.S. service men and women.

Strong performancedollars in millions, except where noted

1Q11 1Q12 2010 2011

$4.8

$1.7

$3.0

$1.1

Revenues First quarter2012 highlightsRecord first quarter revenuesRevenues increase 47% to a record $1.65 million

Achieved record profit marginsGross profit increased 55% to record $1.2 million, gross profit margins increase to 73%, up 300 basis points.

INVESTOR FACT SHEETPeriod ended March 31, 2012

SymbolAXGNExchangeOTCBBPrice at 05.11.12$3.8052-Week High$4.0052-Week Low$1.10Market Capitalization$41.8 Million

1Q12 Revenues $1.7 Million

Cash$5.6 Million

Total Debt Outstanding$5.0 Million

Continued >

1Q11 1Q12 2010 2011

$3.3

$1.2

$1.6

$0.8

Gross Profit*

*Note: Excludes one-time write-off of inventory

mm gap

70

65

60

55

50

45

40

35

30

25

20

15

10

5

0

•  Processed nerve allograft for bridging severed peripheral nerves

•  Wraps and protects injured nerves

•  Reinforces coaptation

•  Bridges gaps up to 5mm •  Coaptation aid

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1Q 2012 4Q 2011 1Q 2011 2011Income Statement:Net Revenues $1,653 $1,362 $1,121 $4,849

Gross Profit* $1,214 $914 $783 $2,422

Gross Margin 73% 67% 70% 50%

Net Income (Loss) ($2,109) ($2,153) ($2,667) ($9,220)

Balance Sheet:Cash & Cash Equivalents $5,642 $8,191 $5,642 $8,191

Company leadership:Karen Zaderej – Chief Executive OfficerGreg Freitag – Chief Financial Officer Jill Schiaparelli – SVP Business Strategy & MarketingJohn Engels – Vice PresidentMark Friedman, Ph.D. – VP of Regulatory AffairsBrad Hedger – VP of Sales

Company contact:Greg FreitagChief Financial OfficerAxoGen, Inc. 13859 Progress Blvd., Suite 100Alachua, FL 32615P 972.308.6830axogeninc.com

Financial summarydollars in thousands

Business summaryAxoGen is a regenerative medicine company with a proprietary product portfolio for peripheral nerve reconstruction and regeneration in a wide range of nerve gap sizes.

Investor contact:

1230 Peachtree Street19th FloorAtlanta, GA 30309P 404.942.3369cockrellgroup.com

Investment highlights• The US market opportunity

exceeds $1 billion• First mover in peripheral nerve

reconstruction• Only complete peripheral nerve

product portfolio• Highly scalable infrastructure• Poised for rapid growth

2012 objectives• Increase investment in sales and

marketing• Execute on commercialization

strategy• Expand to new markets, while

penetrating existing markets• Educate the market about

products’ value propositionThe January, 2012 edition of Microsurgery contains an article summarizing the RANGER study results to date, reporting over 87% meaningful recovery in sensory, motor and mixed nerve injuries treated with the Avance® Nerve Graft (Published Microsurgery DOI: 10.1002/micr.20975.) It is commonly accepted among surgeons who do peripheral nerve repair that success of surgery depends on the type of injury, length of nerve discontinuity, the patient’s age and the type of nerve. Our study findings show that with processed nerve allograft, patients can have meaningful recovery regardless of these factors.

Based on our findings, the information I use to counsel my patients prior to surgery will change — this is a paradigm shift.

Darrell Brooks, M.D., plastic surgeon, The Buncke Clinic

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*Note: Excludes one-time write-off of inventory