Iridex Says All Five Medicare Administrative Contractors Retired Their Local Coverage Determinations That Were Scheduled To Take Effect On January 29, 2024

IRIDEX Corporation +1.58%

IRIDEX Corporation

IRIX

3.22

+1.58%

Iridex Corporation (NASDAQ: IRIX), a worldwide leader providing innovative and versatile laser-based medical systems, delivery devices, and procedure probes for the treatment of glaucoma and retinal diseases, today announced all five Medicare Administrative Contractors ("MACs") retired their local coverage determinations ("LCDs") that were scheduled to take effect on January 29, 2024. Iridex and other stakeholders opposing the LCDs have engaged with the MACs throughout the comment period to advocate for continued patient access to clinically proven safe and effective glaucoma treatments. The Company applauds the decision which effectively retains reimbursement and full access for Medicare patients to all Iridex cyclophotocoagulation products.
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