LDX Chart, page-900

RE. CPT Codes... See extract below.

The question is, would LDX be looking to get FebriDX under an existing CPT code? I only ask, because it looks like there is considerable process/time needed to get an entirely new CPT Code assigned to your product/procedure (ie. up to two years). Either way, securing our CPT code is going to be a massive upside (and necessity) for the commercial viability of FebriDX.

For almost all medical devices associated with a medical or surgical procedure, there must be a corresponding CPT code. It’s simple – if there is no CPT code for those who perform the procedure to place on a billing claim to receive payment from insurers, providers will not use your medical device because they will not get paid. If the procedure associated with the medical device product is not described by any of the existing CPT codes, a new CPT code must be obtained from the American Medical Association (AMA) in order for providers to be able to place a valid CPT code on a billing claim form specifically identifying the service or procedure they performed. Obtaining a new CPT code is not an easy task. It can take up to 2 years to obtain a new CPT code. This delay is because review of your application depends on the schedule of the various committee meeting dates, which unfortunately are not synchronized as far as the processes needed for approval.