Pacific Edge suffers another setback in US

(Image: Pacific Edge)

Thu, 24 Apr 2025

Shares in cancer diagnostics company Pacific Edge are down 2.44% to $0.120 after another setback in the US market.The US District Court for the Middle District of Pennsylvania has determined that it does not have jurisdiction to review a Local Coverage Determination (LCD) that could end reimbursement for its CxBladder Triage, Detect and Monitor tests on April 24 in the US. LCDs are defined as decisions made by a Medicare administrative contractor on whether a service or item is reasonable and necessary, and therefore covered by Medicare wi...

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