Home » KINETIC CONCEPTS DOWN ON MEDICARE CODE
KINETIC CONCEPTS DOWN ON MEDICARE CODE
Shares of Kinetic Concepts plunged after the medical device maker said that a competing device has been assigned the same reimbursement code as its V.A.C wound healing product. Kinetic shares fell $13.55, or 24 percent, to a new 52-week low of $42.45 on the New York Stock Exchange, where they were one of the biggest percentage losers on the Big Board. Shares have fallen from a 52-week high of $78.37 in December.
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KEYWORDS FDAnews Device Daily Bulletin
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