Pacific Edge AGM lays out survival plans after major Medicare setback

Pacific Edge AGM lays out survival plans after major Medicare setback
Pacific Edge says it could take up to four years to regain access to the US Medicare system if it is lost. (Image: Pacific Edge)
Greg Hurrell
Preserving capital and urgent diversification are now Pacific Edge’s main goals as it grapples with the fallout if it loses access to the US Medicare system, which is its largest customer. At its July 27 annual meeting in Auckland, the company said it could take up to four years to regain access to Medicare.In June, Pacific Edge confirmed that a "local coverage determination" (LCD) from Novitas – its Medicare administrative contractor – meant that its flagship Cxbladder test for bladder cancer didn't meet th...

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