EYE 2.94% 17.5¢ nova eye medical limited

Reimbursement never stopped, but surgeons almost certainly...

  1. 16,310 Posts.
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    Reimbursement never stopped, but surgeons almost certainly reduced order volumes in anticipation of the LCD going ahead. As soon as the LCD is finalised reimbursement ceases so doctors don't want to have excess capacity of the procedures. I'm not sure how big of an impact that would have had as it was only for about two months where it looked likely to go ahead, and they already recorded enormous growth for the other part of the half, but it doesn't really matter as the market is forward looking. It will know that the LCD has been scrapped for good and will be thinking about the strong likelihood of EYE announcing 100%+ revenue growth and profitability for the first half of this current calendar year as doctors rush back to the best MIGS procedure on the market (iTrack Advance of course)
    Last edited by TheAnalyst007: 04/01/24
 
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