Verici still awaits the Local Coverage Determination (LCD) decision required for Tutivia reimbursement, but Management confirms expectations for an outcome imminently. Whilst the company cannot yet recognise revenues, adoption momentum continues with 292 tests ordered in 1Q25 (68% QoQ increase). Additionally, with Thermo’s investment in new research for PTRA, and the prospect of licensing deals and collaborations impacted by market challenges, total revenues for FY25E are now expected to be $4.4 ....

07 Apr 2025
Tutivia scales but LCD outcome still pending

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Tutivia scales but LCD outcome still pending
Verici Dx Plc (VRCI:LON) | 1.4 0 0.0% | Mkt Cap: 3.33m
- Published:
07 Apr 2025 -
Author:
Edward Sham -
Pages:
3 -
Verici still awaits the Local Coverage Determination (LCD) decision required for Tutivia reimbursement, but Management confirms expectations for an outcome imminently. Whilst the company cannot yet recognise revenues, adoption momentum continues with 292 tests ordered in 1Q25 (68% QoQ increase). Additionally, with Thermo’s investment in new research for PTRA, and the prospect of licensing deals and collaborations impacted by market challenges, total revenues for FY25E are now expected to be $4.4 ....