Foundation Medicine's Stock Rises on Approval of Test as New ADLT

May 21, 2018

NEW YORK (GenomeWeb) – Foundation Medicine's stock rose today following an announcement that its FoundationOne CDx test was approved by the Centers for Medicare and Medicaid Services (CMS) as a new Advanced Diagnostic Laboratory Test (ADLT).

CMS classified FoundationOne CDx as an ADLT under the Protecting Access to Medicare Act (PAMA), a move that Foundation Medicine had said it was expecting.

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