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Benzinga
210 days

Guardant Health Gains Medicare Coverage For Colorectal Cancer Monitoring Test

1. Guardant Health's Reveal test gains Medicare coverage for CRC monitoring. 2. Coverage expands use beyond early post-surgical settings to general surveillance. 3. Analyst notes reimbursement will support growth and reduce cash burn. 4. Bill Blair sees this development positively impacting stock performance. 5. Stock price surged 21.1% following the announcement.

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FAQ

Why Very Bullish?

Medicare coverage can significantly drive demand and revenue for GH, as seen in similar cases where increased reimbursement led to stock price rallies in biotech firms.

How important is it?

This article provides crucial insights into a developing revenue stream, predicted to enhance GH's market performance considerably.

Why Long Term?

Sustained reimbursement will enable consistent growth and cash flow improvements, impacting GH positively in the long run.

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