CVRx shares are trading higher after the company announced new Current Procedural Terminology Category I codes for Barostim to treat the symptoms of heart failure.
Portfolio Pulse from Benzinga Newsdesk
CVRx shares rose following the announcement of new Current Procedural Terminology Category I codes for Barostim, a treatment for heart failure symptoms.
October 18, 2024 | 7:06 pm
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POSITIVE IMPACT
CVRx shares increased due to the announcement of new CPT Category I codes for Barostim, which is used to treat heart failure symptoms. This development is likely to enhance the marketability and adoption of Barostim, positively impacting CVRx's financial performance.
The introduction of new CPT Category I codes for Barostim is a significant regulatory milestone that can lead to increased adoption and reimbursement for the treatment, thereby potentially boosting CVRx's revenue and stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100