Shares of Opko Health Inc. (NYSE:OPK) ended Thursday session in red amid volatile trading. The shares closed down -0.17 points or -1.74% at $9.61 with 3.54 million shares getting traded. Post opening the session at $9.70, the shares hit an intraday low of $9.60 and an intraday high of $9.80 and the price vacillated in this range throughout the day. The company has a market cap of $5.20 billion and the numbers of outstanding shares have been calculated to be 547.44 million shares.
Opko Health Inc. (OPK) on May 27, 2016 announces that Novitas Solutions has issued a draft local coverage determination for the 4Kscore® Test, the only blood test that accurately identifies an individual patient’s risk for high-grade, aggressive prostate cancer. Novitas Solutions is a Medicare Administrative Contractor (MAC) for Medicare jurisdictions L and H, with responsibility for nearly 10 million Medicare beneficiaries in New Jersey, Pennsylvania, Maryland, the District of Columbia and Texas, among other geographies.
The draft local coverage determination is posted to the Medicare Coverage Database on the Centers for Medicare & Medicaid Services (CMS) website, and proposes to establish reimbursement coverage for patients with PSA levels >3 ng/mL who have not yet had a biopsy, or patients with a PSA level of >3 ng/mL who have had at least one prior negative biopsy and are considered to be at higher risk.
“This first MAC determination is a major milestone for the 4Kscore Test as it expands access to a potentially life-saving tool,” said Phillip Frost, M.D., OPKO’s Chairman and Chief Executive Officer. “We believe this decision by Novitas will help accelerate further coverage decisions by other payers, and will encourage adoption of the 4Kscore Test by physicians and patients. More importantly, it will allow broader access to this important test, which can assist patients and physicians in further defining a patient’s risk of having a high-grade prostate cancer that requires immediate or aggressive treatment.”
Shares of Express Scripts Holding Company (NASDAQ:ESRX) ended Thursday session in green amid volatile trading. The shares closed up +0.07 points or 0.09% at $76.93 with 3.82 million shares getting traded. Post opening the session at $76.86, the shares hit an intraday low of $76.19 and an intraday high of $77.19 and the price vacillated in this range throughout the day. The company has a market cap of $47.97 billion and the numbers of outstanding shares have been calculated to be 632.54 million shares.
Express Scripts Holding Company (ESRX) announced that it will present at the following conference:
William Blair and Company’s 36th Annual Growth Stock Conference on Wednesday, June 15, 2016 at 10:00 a.m. central (11:00 a.m. eastern).
These presentations will also be broadcast via the Internet and can be accessed on the investor relations section of Express Scripts web site at http://www.express-scripts.com. RealPlayer or Windows Media Player is needed to listen to the Webcasts and free downloads of these players are available at the Webcast site. The Webcasts will be archived and available for replay for 14 days.