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EXAS

Exact Sciences

$18.54

0.06 (0.32%)

15:49
10/14/16
10/14
15:49
10/14/16
15:49

Cigna policy update lists Cologuard as 'medically necessary'

A Cigna Medical Coverage Policy with an effective date of Oct. 15 states that the company covers as "medically necessary" stool-based DNA testing, such as Exact Sciences' Cologuard, every three years. Reference Link

  • 26

    Oct

  • 15

    Nov

EXAS Exact Sciences
$18.54

0.06 (0.32%)

08/10/16
CHLM
08/10/16
NO CHANGE
Target $26
CHLM
Buy
Craig-Hallum positive on HCSC, Florida Blue coverage of Exact Sciences Cologuard
Craig-Hallum analyst Bill Bonello notes that two payors, namely Health Care Service Corporation, or HCSC, and Florida Blue posted updated Medical Policies indicating that Exact Sciences' Cologuard may be "medically necessary" for colorectal cancer screening. The analyst believes this is a "very positive" indicator of how other payors will interpret the positive recommendation from the U.S. Preventive Services Task Force issued in June. Further, he sees Exact Sciences as well positioned to become standard of care for colon cancer screening, which could be a $3B-$5B opportunity over time. Bonello reiterates a Buy rating and $26 price target on the shares.
08/15/16
ADAM
08/15/16
NO CHANGE
Target $24
ADAM
Buy
Exact Sciences price target raised to $24 from $19 at Canaccord
Canaccord analyst Mark Massaro raised his price target on Exact Sciences to $24 from $19 citing expectations of ongoing commercial momentum in the second half of the year coupled with new commercial payor wins. Massaro raised its numbers based on recent payor wins and the belief Q3 guidance feels achievable. Massaro reiterated his Buy rating on Exact Sciences shares.
09/01/16
CHLM
09/01/16
NO CHANGE
Target $26
CHLM
Buy
Exact Sciences Cologuard to receive commercial payor coverage, says Craig-Hallum
After eviCore suggested that Exact Sciences' Cologuard may be considered for colorectal cancer screening once every three years, Craig-Hallum analyst Bill Bonello says he believes that at least one large health insurer, Highmark, has already elected to follow this policy. The analyst continues to believe that Cologuard will receive broad commercial payer coverage in light of the 2016 USPSFT final colorectal cancer screening recommendation and that increased payer coverage will drive increased test volumes. He reiterates a Buy rating and $26 price target on the shares.
10/03/16
CHLM
10/03/16
NO CHANGE
CHLM
Craig-Hallum says to buy Exact Sciences
Craig-Hallum said it would be buyers of Exact Sciences following the inclusion of Colguard in Healthcare Effectiveness Data and Information Set, or HEDIS. The firm's analyst said HEDIS will drive both payor coverage and provider adoption of Cologuard as physicians now have a greater incentive to order Cologuard and payors have an increased incentive to facilitate Cologuard adoption.

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