Pacific Edge Limited (NZX:PEB) was informed by Novitas that the LCD offers coverage for Cxbladder, CPT codes 0012M (Cxbladder Detect) and 0013M (Cxbladder Monitor).

Coverage under the LCD for two Cxbladder tests with CPT codes shall unlock access to the CMS revenue, which currently represents roughly 40% of PEB’s commercial sales in the US.

The coverage decision is also expected to positively impact on demand and positive reimbursement decisions from other healthcare organisations and payers as well.

At NZST 02:13PM, the stock was trading at $0.530 per share, up by 96.30% from previous close.

 

 


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