The Novitas decision is not all doom and gloom for Pacific Edge

(Image: Pacific Edge)

Fri, 09 Jun 2023

News Pacific Edge's Cxbladder tests will no longer be covered by US national health insurance provider Medicare is a “game-changing announcement” but “not all doom and gloom” says Forsyth Barr analysts.On Wednesday, the company confirmed a so-called “local coverage determination” from Novitas – the Medicare administrative contractor – that meant its suite of products does not meet the threshold required for coverage under the US Social Security Act. The stock fell nearly 90% on the news.&...

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