All is not necessarily lost for Pacific Edge – Forsyth Barr

(Image: Pacific Edge)

Mon, 28 Apr 2025

Pacific Edge shares fell 26% to 8.4 cents on Monday, but “all is not necessarily lost”, said Forsyth Barr analysts.A local coverage determination in the United States means the company will no longer receive reimbursement for its Cxbladder tests from Medicare. Centres for Medicare & Medicaid Services coverage represented around 60% to 70% of Pacific Edge (PEB) revenue before the recent slowdown and remains its largest market and key growth driver, said Forsyth Barr analysts Matt Montgomerie and Benjamin Crozier.“In li...

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