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Veracyte Receives Last Medicare Protection Insurance policies for Decipher Bladder

Share this…FacebookPinterestTwitterLinkedin First Molecular Subtyping Check to Achieve Medicare Protection to Inform Remedy for People With Bladder Most cancers Veracyte,…

By Staff , in Medicare , at June 4, 2021



First Molecular Subtyping Check to Achieve Medicare Protection to Inform Remedy for People With Bladder Most cancers

Veracyte, Inc. (Nasdaq: VCYT) right this moment introduced that Medicare Administrative Contractors Palmetto GBA, WPS and CGS Directors, LLC have finalized their protection insurance policies for Decipher Bladder, a genomic subtyping device that helps physicians handle remedy selections for sufferers with bladder most cancers. These native protection determinations (LCDs) make Decipher Bladder the primary genomic take a look at to be lined by Medicare for such sufferers. Developed via the Medicare MolDX program, the insurance policies will develop into efficient July 18, 2021, and supply a framework for different collaborating MACs to comply with.

Noridian Healthcare Options, one other Medicare Administrative Contractor, is anticipated to equally finalize its draft LCD, which is able to make Decipher Bladder a lined profit for greater than 62 million Medicare beneficiaries. In america, greater than 80,000 people are recognized with bladder most cancers yearly, roughly 44,000 of which may have the non-metastatic, Stage I-IIIa illness indicated in these insurance policies.

“Physicians treating sufferers with bladder most cancers are confronted with complicated and probably life-changing remedy selections, together with whether or not or to not prescribe neoadjuvant chemotherapy or proceed on to radical cystectomy,” mentioned Tina Nova, Ph.D., Veracyte’s basic supervisor, urologic cancers. “Research have demonstrated that data of a person’s bladder-tumor molecular subtypes might help information these selections, over and above medical options alone. The protection selections introduced right this moment will make it potential for physicians to entry this essential genomic data.”

The Decipher Bladder take a look at is supported by a number of peer-reviewed medical research demonstrating its capacity to establish which sufferers have a better danger of upstaging to non-organ confined illness at surgical procedure and which sufferers could profit probably the most from neoadjuvant remedy. The take a look at additionally can be utilized to establish neuroendocrine-like and immune-infiltrated subtypes, which can have implications for future therapeutic methods.

About Decipher Bladder

Decipher Bladder is a genomic take a look at that measures the molecular profile of bladder most cancers utilizing gene expression evaluation from transurethral resected bladder tumor specimens. It was developed for bladder most cancers sufferers with muscle-invasive illness who face the query of fast cystectomy or systemic remedy within the neoadjuvant setting previous to cystectomy (NAC). The assay outcomes are reported as considered one of 5 molecular subtypes (Luminal, Luminal-Infiltrated, Basal, Basal Claudin Low or Neuroendocrine-like), every of which has distinct organic composition, medical conduct and predicted profit from NAC.

About Veracyte

Veracyte (Nasdaq: VCYT) is a worldwide genomic diagnostics firm that improves affected person care by offering solutions to medical questions, informing analysis and remedy selections all through the affected person journey in most cancers and different ailments. The corporate’s rising menu of genomic checks leverages advances in genomic science and expertise, enabling sufferers to keep away from dangerous, pricey diagnostic procedures and quicken time to acceptable remedy. The corporate’s checks in lung most cancers, prostate most cancers, breast most cancers, thyroid most cancers, bladder most cancers and idiopathic pulmonary fibrosis can be found to sufferers and its lymphoma subtyping and renal most cancers checks are in improvement. With Veracyte’s unique international license to a best-in-class diagnostics instrument platform, the corporate is positioned to ship its checks to sufferers worldwide. Veracyte relies in South San Francisco, California. For extra data, please go to www.veracyte.com and comply with the corporate on Twitter (@veracyte).

Cautionary Be aware Concerning Ahead-Trying Statements

This press launch incorporates forward-looking statements, together with, however not restricted to, our statements associated to our plans, aims, expectations (monetary and in any other case) or intentions. Ahead-looking statements might be recognized by phrases resembling: “seems,” “anticipate,” “intend,” “plan,” “anticipate,” “consider,” “ought to,” “could,” “will,” “positioned,” “designed” and comparable references to future durations. Precise outcomes could differ materially from these projected or steered in any forward-looking statements. These statements contain dangers and uncertainties, which may trigger precise outcomes to vary materially from our predictions, and embody, however usually are not restricted to amongst others, our capacity to attain and preserve Medicare protection for our checks, together with Decipher Bladder. Extra components which will affect these forward-looking statements might be present in Merchandise 1A –”Danger Components” in our Annual Report on Type 10-Okay filed with the SEC on February 22, 2021 and in our Quarterly Report on Type 10-Q filed with the SEC on Might 10, 2021. A duplicate of those paperwork might be discovered on the Buyers part of our web site at www.veracyte.com. These forward-looking statements communicate solely as of the date hereof and Veracyte particularly disclaims any obligation to replace these forward-looking statements or explanation why precise outcomes may differ, whether or not on account of new data, future occasions or in any other case.

Veracyte, the Veracyte brand, Decipher, Decipher GRID, Afirma, Percepta, Envisia, Prosigna, Lymphmark, “Know by Design” and “Extra about You” are registered emblems of Veracyte, Inc. and its associates within the U.S. and chosen international locations. nCounter is the registered trademark of NanoString Applied sciences, Inc. within the U.S. and chosen international locations and utilized by Veracyte underneath license.

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Contacts

Investor and Media Contact:
Tracy Morris
Vice President of Company Communications & Investor Relations
Veracyte
[email protected]
650-380-4413



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