BUZZ-Exact Sciences gains on higher Medicare pricing for cancer screening test

Reuters

2024/11/26

** Shares of cancer test developer Exact Sciences EXAS.O rise ~9% to $60 premarket

** Co's colon cancer screening test receives 16% higher pricing for government-backed Medicare plans for those aged 65 years and older

** Next-generation version of EXAS' non-invasive stool screening test, Cologuard Plus, receives ~16% increase in Medicare reimbursement price, compared with its original version

** "We believe it strengthens the thesis around margin leverage and sets up EXAS to exceed the 20% EBITDA margin by 2027," Piper Sandler analysts say

** Up to last close, stock down ~26% YTD

(Reporting by Mariam Sunny in Bengaluru)

((Mariam.ESunny@thomsonreuters.com;))

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21:06</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-Exact Sciences gains on higher Medicare pricing for cancer screening test </title></head><body><p>** Shares of cancer test developer Exact Sciences <span>EXAS.O</span> rise ~9% to $60 premarket   </p><p>** Co's colon cancer screening test receives 16% higher pricing for government-backed Medicare plans for those aged 65 years and older </p><p>** Next-generation version of EXAS' non-invasive stool screening test, Cologuard Plus, receives ~16% increase in Medicare reimbursement price, compared with its original version  </p><p>** \"We believe it strengthens the thesis around margin leverage and sets up EXAS to exceed the 20% EBITDA margin by 2027,\" Piper Sandler analysts say</p><p>** Up to last close, stock down ~26% YTD</p><p> (Reporting by Mariam Sunny in Bengaluru)</p><p> 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