Pacific Edge warns risk of non-coverage ‘more elevated’
Second quarter update shows testing volumes fell following a sales restructure and publicity around Medicare’s coverage determination.
Pacific Edge makes the Cxbladder product, a non-invasive urine test for bladder cancer.
Dual-listed cancer diagnostics company Pacific Edge has warned the risk of a non-coverage decision from Medicare for its Cxbladder product is now “more elevated than we assessed for much of the last year”.
Meanwhile, test volumes in the second quarter of the 2024 financial year have fallen 12%,
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