Stemline Therapeutics Announces that CMS Grants New Technology Add-on Payment (NTAP) to ELZONRIS®
STEMLINE THERAPEUTICS (STML)
Last stemline therapeutics earnings: 3/13 04:45 pm
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US:NASDAQ Investor Relations:
ir.stemline.com/investor-relations
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Source: GlobeNewswire
NEW YORK, Aug. 06, 2019 (GLOBE NEWSWIRE) -- Stemline Therapeutics, Inc. (Nasdaq: STML), a commercial-stage biopharmaceutical company focused on the development and commercialization of novel oncology therapeutics, today announced that the Centers for Medicare & Medicaid Services (CMS) granted approval for a new technology add-on payment (NTAP) for ELZONRIS for the treatment of adult and pediatric patients, two years and older, with blastic plasmacytoid dendritic cell neoplasm (BPDCN). As of October 1, 2019, the ELZONRIS NTAP will support Medicare beneficiaries' access to ELZONRIS. The NTAP program payment is in addition to the Diagnosis Related Group (DRG)-based reimbursement that hospitals receive under the Medicare’s Inpatient Prospective Payment System (IPPS). The NTAP designation is expected to remain in effect for a period of at least two years but no more than three years to allow the cost of ELZONRIS to be included in CMS's recalibration of the DRG payment rate. The NTAP pr
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