Veracyte Receives Final Medicare Coverage Policy for Envisia Genomic Classifier
Veracyte, Inc. (VCYT)
Last veracyte, inc. earnings: 2/25 04:05 pm
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Source: Business Wire
Genomic Test is the First to Be Granted Medicare Coverage for Improved Diagnosis of Idiopathic Pulmonary Fibrosis (IPF) SOUTH SAN FRANCISCO, Calif.--(BUSINESS WIRE)-- Veracyte, Inc. (Nasdaq: VCYT) announced today that it has received a final Medicare local coverage determination (LCD) for the Envisia™ Genomic Classifier. The policy was issued through the Palmetto GBA MolDx program and will become effective April 1, 2019, making the Envisia classifier covered for the nation’s 55 million Medicare patients. The Envisia classifier is the first commercially available test of its kind to improve diagnosis of idiopathic pulmonary fibrosis (IPF) and is Veracyte’s third genomic test to receive a Medicare-covered designation since the company’s founding in 2008. “We are pleased that the evidence supporting the Envisia classifier met the MolDx program’s high standards for coverage,” said Bonnie Anderso
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