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Stock impact report

Veracyte Achieves Major Medicare Milestone for the Envisia Genomic Classifier

Veracyte, Inc. (VCYT) 
Last veracyte, inc. earnings: 2/25 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.veracyte.com/investor-relations
Company Research Source: Business Wire
First Test for Improved IPF Diagnosis Receives Draft Local Coverage Determination Through the MolDx Program SOUTH SAN FRANCISCO, Calif.--(BUSINESS WIRE)-- Veracyte, Inc. (Nasdaq: VCYT) announced that it has received a draft Medicare local coverage determination (LCD) for the Envisia Genomic Classifier through the MolDx program. WPS Health Solutions posted a draft policy today, and the three other MACs (CGS, Noridian Health Solutions and Palmetto GBA) that participate in the Palmetto GBA-administered MolDx program are expected to issue similar LCDs. The Envisia classifier, which is built on next-generation RNA sequencing and machine learning technology, is the first test to achieve this significant Medicare coverage milestone for use in diagnosing idiopathic pulmonary fibrosis (IPF). Upon anticipated finalization, Envisia will become Veracyte’s third genomic test to gain Medicare coverage since the c Show less Read more
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