Pacific Edge says it isn't out of the game in the US, it's at the midway point of the match

To be or not to be in Medicare? That's the question facing NZX-listed Pacific Edge. (Image: Pacific Edge)

Wed, 04 Oct 2023

The head of listed cancer diagnostics company Pacific Edge says its singular focus on the United States market is not a single point of failure. Pacific Edge’s share price has taken a hammering after it announced earlier this year it could lose access to the US Medicare system after Novitas – which administers Medicare – determined the Dunedin-based company’s products did not meet new thresholds for coverage under the US Social Security Act. On Monday, its shares were again buffeted by negative news when the US...

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