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Pacific Edge Raises $25.4m as Draft Medicare Coverage Boosts Cxbladder Outlook

10:00am on Thursday 1st of January, 1970 AEST Healthcare
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Pacific Edge Raises $25.4m as Draft Medicare Coverage Boosts Cxbladder Outlook

10:00am on Thursday 1st of January, 1970 AEST
Key Points
  • 47% revenue decline after Medicare non-coverage
  • Draft Medicare LCD proposes coverage for Cxbladder Triage and Triage Plus
  • NZ$25.4 million placement raised to support growth
  • Net loss widened to $35.8 million amid cost containment
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