Myomo Announces Two German Social Court Rulings Ordering MyoPro Reimbursement; BARMER And Mobil BKK Health Insurers Have Been Ordered To Cover The Costs For The MyoPro For The Two Patients
Portfolio Pulse from Benzinga Newsdesk
Myomo has announced that two German Social Court rulings have ordered health insurers BARMER and Mobil BKK to cover the costs for the MyoPro for two patients. This could potentially increase the accessibility of MyoPro in Germany.
August 21, 2023 | 8:10 pm
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POSITIVE IMPACT
The court ruling ordering health insurers to cover the costs of MyoPro could potentially increase the product's accessibility and sales in Germany, positively impacting Myomo's revenues.
The court ruling directly impacts Myomo as it could lead to an increase in the sales of MyoPro in Germany. This is due to the fact that the cost barrier for patients needing the MyoPro could be reduced, leading to increased demand and sales. This could potentially increase Myomo's revenues, positively impacting its stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100