Pacific Edge poised for US$1.2 billion opportunity

Thu, 26 Nov 2020

Chris Gallaher, chair of Pacific Edge, described the six months through September as a step-change for the firm, when revenue grew and losses narrowed as the cancer diagnostics company scales up to meet burgeoning US and global demand for its cancer detection testing.That included a two-month contribution from the US Centers for Medicare and Medicaid Services - CMS - including the Cxbladder for local coverage, which saw operating revenue in that market jump 46 percent to $2.9 million from the same period a year earlier.CMS-related testing acros...

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