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Stock impact report

CMS Issues Preliminary Recommendation to Establish a New J-Code for Triferic® Powder Packet

Rockwell Medical, Inc. (RMTI) 
Last rockwell medical, inc. earnings: 3/12 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.rockwellmed.com
Company Research Source: GlobeNewswire
WIXOM, Mich., May 01, 2019 (GLOBE NEWSWIRE) -- Rockwell Medical, Inc. (NASDAQ:RMTI) (the "Company"), a global biopharmaceutical company dedicated to improving outcomes for patients with end-stage renal disease (ESRD) and chronic kidney disease (CKD), today announced that the Centers for Medicare & Medicaid Services (CMS) has issued a preliminary recommendation that, if finalized, would establish a new Level II Healthcare Common Procedure Coding System (HCPCS) code, or J-code (J1444), for the Company’s Triferic® powder packet. If finalized, this unique J-code for the powder packet would be separate and distinct from the existing J-code (J1443) that describes Triferic® solution. In its preliminary recommendation, CMS proposes an effective date of July 1, 2019 for establishing J1444, and proposes the following descriptor: "Injection, ferric pyrophosphate citrate powder, 0.1 mg of iron". Rockwell Medical plans to participate in the CMS HCPCS Public Meeting on May 15, 2019, during which Show less Read more
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