Lumos Diagnostics Holdings (ASX:LDX) has gained Medicare reimbursement for the company's point-of-care respiratory test, FebriDx, from US Medicare administrative contractor (MAC) WPS Health Solutions, at a rate of $41.38 per test, effective May 1, according to a Monday filing with the Australian bourse.
The company has now achieved coverage from five of seven MACs and said negotiations are ongoing with the remaining two.
Shares of the company rose 4% in recent Monday trade.
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