Bluebird Bio shares are trading higher after the company signed an outcomes-based agreement with Medicaid for sickle cell disease gene therapy.
Portfolio Pulse from Benzinga Newsdesk
Bluebird Bio's stock is trading higher following the announcement of an outcomes-based agreement with Medicaid for its sickle cell disease gene therapy.
March 11, 2024 | 1:14 pm
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POSITIVE IMPACT
Bluebird Bio's agreement with Medicaid for its sickle cell disease gene therapy is expected to positively impact its stock price in the short term.
The outcomes-based agreement with Medicaid is a significant development for Bluebird Bio, indicating potential increased adoption and reimbursement for its sickle cell disease gene therapy. This is likely to be viewed positively by investors, driving up the stock price in the short term.
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