Pacific Edge now in a ‘challenging spot,’ analyst says
The cancer diagnostics company’s share price dives after finally losing reimbursement of 60% of its US revenue.
The share price of listed cancer diagnostics company Pacific Edge has dropped by about 25% in NZX trading today after it confirmed it had lost reimbursement on about 60% of its US revenue.
The loss of the public Medicare funding for its Cxbladder tests paid out under a local coverage determination
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