regulatory
confidence high
sentiment positive
materiality 0.90
Interpace Biosciences: CMS delays Genetic Testing LCD to April 24, 2025; Company re-evaluates restructuring plan
INTERPACE BIOSCIENCES, INC.
- CMS directed Medicare contractors to delay implementation of LCD L39365 from Feb 23 to April 24, 2025.
- Delay allows Trump administration to review clinical evidence for PancraGEN assay and assess patient impact.
- Interpace will continue offering PancraGEN and re-evaluate its previously announced restructuring plan.
- CEO Burnell stated the company is sustainable without PancraGEN but extension preserves jobs and patient access.
- PancraGEN has been covered by Medicare for over 10 years, helped over 80,000 patients.