EYE

2.94%

16.5¢ nova eye medical limited

Nova Eye Medical (EYE) Discussion, page-1103

First 1103 Last

Share
Profile

Follow
discreet

210 Posts.

10

23/08/23

13:06

Post #: 69501287
Share

Originally posted by TheAnalyst007: ↑

Yeah basically the MACs (the organisations responsible for implementing LCDs) are going through a process to revise the current LCD. They have proposed a new LCD that removes coverage for our procedure, but it is unlikely to be implemented given they fail to consider a substantial amount of evidence, and considering the considerable backlash they've received.

As a precedent example, the MACs attempted to implement an LCD back in 2020 to remove coverage for canaloplasty but that also received significant backlash, and was subsequently retired. Even if the LCD is implemented though, there is an appeals process (which another ASX company, PEB, has been successful in undertaking)

Regardless of the low probability of this LCD actually impacting EYE's financials, it will certainly continue to act as a drag on the share price. On the other hand, there's now a high probability catalyst for a rerate if/when we get the news that the LCD has been dropped

Expand

Thank you for explaining, can now better understand the discussions,

Originally posted by TheAnalyst007: ↑

Yeah basically the MACs (the organisations responsible for implementing LCDs) are going through a process to revise the current LCD. They have proposed a new LCD that removes coverage for our procedure, but it is unlikely to be implemented given they fail to consider a substantial amount of evidence, and considering the considerable backlash they've received.

As a precedent example, the MACs attempted to implement an LCD back in 2020 to remove coverage for canaloplasty but that also received significant backlash, and was subsequently retired. Even if the LCD is implemented though, there is an appeals process (which another ASX company, PEB, has been successful in undertaking)

Regardless of the low probability of this LCD actually impacting EYE's financials, it will certainly continue to act as a drag on the share price. On the other hand, there's now a high probability catalyst for a rerate if/when we get the news that the LCD has been dropped

Expand

EYE Price at posting: 23.0¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

MIN

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

'We're looking': Nickel-rich Indonesia sounds graphite warning to Aus producers

What each US election outcome would mean for Australian companies & investors

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Aussie inflation seemingly hit a 3 year low. So why's the ASX200 red?

The Altcoin Landscape (Part 1): Key alternative cryptocurrencies to watch

Making money: How many microcaps should be in an investor's portfolio?

There are more pages in this discussion • 2,085 more messages in this thread...

First 1103 Last

Add EYE (ASX) to my watchlist

(20min delay)
Last 16.5¢		Change -0.005(2.94%)		Mkt cap ! $37.79M

Open	High	Low	Value	Volume
16.5¢	16.5¢	16.0¢	$38.96K	239.3K

Buyers (Bids)

No.	Vol.	Price($)
1	4819	16.5¢

Sellers (Offers)

Price($)	Vol.	No.
17.0¢	79620	3

View Market Depth

No.	Vol.	Price($)
1	4819	0.165
1	40000	0.160
7	237701	0.155
5	250306	0.150
2	115000	0.145

Price($)	Vol.	No.
0.170	79620	3
0.175	77142	2
0.185	88240	3
0.190	218140	3
0.200	59923	2

Last trade - 16.10pm 01/11/2024 (20 minute delay)

EYE (ASX) Chart

Nova Eye Medical (EYE) Discussion, page-1103

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

'We're looking': Nickel-rich Indonesia sounds graphite warning to Aus producers

What each US election outcome would mean for Australian companies & investors

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Aussie inflation seemingly hit a 3 year low. So why's the ASX200 red?

The Altcoin Landscape (Part 1): Key alternative cryptocurrencies to watch

Making money: How many microcaps should be in an investor's portfolio?

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Nova Eye Medical (EYE) Discussion, page-1103

Top Stories

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

'We're looking': Nickel-rich Indonesia sounds graphite warning to Aus producers

What each US election outcome would mean for Australian companies & investors

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Aussie inflation seemingly hit a 3 year low. So why's the ASX200 red?

The Altcoin Landscape (Part 1): Key alternative cryptocurrencies to watch

Making money: How many microcaps should be in an investor's portfolio?

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News