Watching DermTech; Traders Circulate Note From Craig Hallum Saying Governor Newsom Signed SB496 Into Law; Note Mentions "Those That Benefit Includes 'DMTK', Who Has DMT With Medicare Coverage But Waiting On Private Coverage"
Portfolio Pulse from Benzinga Newsdesk
California Governor Newsom has signed SB496 into law, which is expected to benefit DermTech (DMTK). The company has DMT with Medicare coverage but is awaiting private coverage. The news was circulated by Craig Hallum.
October 09, 2023 | 3:48 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
DermTech is expected to benefit from the signing of SB496 into law by California Governor Newsom. The company has DMT with Medicare coverage but is awaiting private coverage.
The signing of SB496 into law by California Governor Newsom is expected to benefit DermTech, as it could potentially expand the company's coverage and customer base. This could lead to increased revenues and a positive impact on the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100