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Fly News Breaks for March 3, 2020
XENT
Mar 3, 2020 | 11:45 EDT
SVB Leerink analyst Richard Newitter noted that the ASP pricing file released by the CMS on March 2 did not include a reference ASP for the J-code J7401 for Intersect ENT's Sinuva/Propel, which he said means the next opportunity will be to get a price established in June for use beginning July 1. The analyst, who noted that this is the third cycle since the J-code was established in which a reference price was submitted but not issued, told investors that the news is "not be-all-end-all" but that it would have helped. Newitter has a Market Perform rating on Intersect ENT shares.
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