GRAIL shares are trading lower. The company announced that the first participant has been enrolled in the REACH/Galleri-Medicare study at Community Health Network.
Portfolio Pulse from Benzinga Newsdesk
GRAIL shares are trading lower following the announcement that the first participant has been enrolled in the REACH/Galleri-Medicare study at Community Health Network. The study aims to assess the real-world clinical impact of Galleri® in addition to currently recommended cancer screenings, with a focus on diverse and underrepresented populations. Costs for study participants will be covered by Medicare.
July 18, 2024 | 3:52 pm
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GRAIL shares are trading lower after the company announced the enrollment of the first participant in the REACH/Galleri-Medicare study. The study will evaluate the real-world clinical impact of Galleri® cancer screenings, with costs covered by Medicare.
The announcement of the study enrollment has led to a decline in GRAIL's share price. Investors may be concerned about the financial implications and the uncertainty surrounding the study's outcomes. The focus on diverse and underrepresented populations and Medicare coverage could be seen as positive long-term, but short-term market reaction is negative.
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