RHY 2.78% 7.0¢ rhythm biosciences limited

Process for Colostat to be included in MBS (Medicare)

  1. 280 Posts.
    lightbulb Created with Sketch. 95
    Posting again because something went wrong with formatting -

    I've been investigating the process for new medical services to be included into the MBS (Medicare). Should Colostat be included, then it would be free for Australians. A GP would simply tick the 'Colorectal Cancer Screen' box on a pathology blood test panel for eligible patients without the patient needing to agree to any out-of-pocket costs.

    The MBS inclusion process appears to be relatively straightforward. The Medical Services Advisory Committee recommends new procedures to the Minister for Health and Ageing to approve. For example, Peter Dutton was the Minister for Health in 2016 when the age range and frequency of the poo test was increased to biannual for over 50-year-olds. Obviously, politicians do like to accumulate positive achievements like this!

    Department of Health and Aged Care - How are New Procedures assessed for inclusion into the MBS?http://www.mbsonline.gov.au/internet/mbsonline/publishing.nsf/Content/FAQ-New_Procedures

    Of course, Colostat must first achieve TGA approval... to be announced anytime between now and mid-May 2023.

    All information points to it being successfully approved:
    - Large clinical trial of over 900 patients, conducted by Sonic Healthcare
    - Excellent results:
    https://newswire.iguana2.com/af5f4d73c1a54a33/rhy.asx/3A591059/RHY_Study_7_Confirms_ColoSTAT_Meets_Primary_Endpoint
    - TGA submission prepared by Sonic Healthcare
    - Independent statisticians engaged to draw conclusions regarding specificity and sensitivity
  2. 257 Posts.
    lightbulb Created with Sketch. 19
    Thanks for all your efforts and posts. Of course they will be derided by one but I appreciate your findings.
 
watchlist Created with Sketch. Add RHY (ASX) to my watchlist
(20min delay)
Last
7.0¢
Change
-0.002(2.78%)
Mkt cap ! $17.40M
Open High Low Value Volume
6.9¢ 7.0¢ 6.9¢ $1.212K 17.49K

Buyers (Bids)

No. Vol. Price($)
1 37250 6.9¢
 

Sellers (Offers)

Price($) Vol. No.
7.1¢ 15000 1
View Market Depth
Last trade - 16.10pm 06/06/2024 (20 minute delay) ?
Last
6.9¢
  Change
-0.002 ( 1.43 %)
Open High Low Volume
7.0¢ 7.0¢ 6.9¢ 34578
Last updated 15.27pm 06/06/2024 ?
RHY (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.