BUZZ-Personalis jumps on expanded Medicare coverage for cancer test

Personalis

Personalis

PSNL

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Updates

** Shares of cancer diagnostics firm Personalis PSNL.O rise 14.40% to $6.91

** Co says Medicare coverage for its NeXT Personal cancer test has been expanded to monitor patients with late-stage solid tumors receiving immunotherapy

** The test tracks tiny traces of cancer left in the body, helping doctors assess whether immunotherapy is working - PSNL

** Says decision based on a study showing the test can track immunotherapy response and forecast outcomes earlier than standard scans

** Expansion follows earlier Medicare coverage for the test to monitor lung cancer recurrence

** Medicare is the U.S. government health insurance program for people aged 65 and older

** Including session's move, PSNL down ~15% YTD