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Pacific Edge Raises $25.4m as Draft Medicare Coverage Boosts Cxbladder Outlook
6:45am on Monday 25th of May, 2026 AEST
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Healthcare
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Pacific Edge Raises $25.4m as Draft Medicare Coverage Boosts Cxbladder Outlook
6:45am on Monday 25th of May, 2026 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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Pacific Edge (NZX:PEB)
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