Renalytix shares are trading higher after the company announced Medicare issued a final Local Coverage Determination for its kidneyintelX.dkd testing
Portfolio Pulse from Benzinga Newsdesk
Renalytix shares are trading higher after the company announced that Medicare issued a final Local Coverage Determination for its kidneyintelX.dkd testing.
June 14, 2024 | 2:32 pm
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Renalytix shares are trading higher following the announcement that Medicare has issued a final Local Coverage Determination for its kidneyintelX.dkd testing. This regulatory approval is likely to boost investor confidence and drive short-term stock price gains.
The final Local Coverage Determination by Medicare is a significant regulatory milestone for Renalytix, likely to enhance the adoption of its kidneyintelX.dkd testing. This positive development is expected to drive short-term stock price gains due to increased investor confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100