CVRx announces new CPT® Category I codes for Barostim
2024年10月19日 - 3:08AM
CVRx, Inc. (NASDAQ: CVRX) (“CVRx”), a commercial-stage medical
device company, announced today that the American Medical
Association (AMA) CPT® Editorial Panel has accepted new Current
Procedural Terminology (CPT) Category I codes for baroreflex
activation therapy (“Barostim”) to treat the symptoms of heart
failure.
In response to the increased utilization of Barostim therapy and
the strong evidence supporting its clinical outcomes, the AMA CPT
Editorial Panel accepted the application for Category I CPT codes.
This decision will help further facilitate reimbursement for
healthcare providers performing the Barostim procedure and enable
broader patient access. This effort was led by the Society for
Vascular Surgery (SVS) and supported by the American College of
Cardiology (ACC) and others. These codes are expected to be
implemented on January 1, 2026. In the interim, U.S. hospitals and
physicians performing Barostim procedures should continue to
utilize the existing Category III codes.
“We are very pleased that the AMA’s CPT Editorial Panel approved
the conversion to Category I codes,” said Kevin Hykes, CEO of CVRx.
“The Category I code designation represents an important milestone
for the company and is a testament to the increased adoption,
safety, and effectiveness of Barostim as an important option for
patients suffering from the debilitating symptoms of heart failure.
We greatly appreciate the support and guidance that SVS and ACC
provided throughout this process.”
About CVRx, Inc. CVRx is focused on the
development and commercialization of the Barostim™ System, the
first medical technology approved by FDA that uses neuromodulation
to improve the symptoms of heart failure. Barostim is an
implantable device that delivers electrical pulses to baroreceptors
located in the wall of the carotid artery. Baroreceptors activate
the body’s baroreflex, which in turn triggers an autonomic response
to the heart. The therapy is designed to restore balance to the
autonomic nervous system and thereby reduce the symptoms of heart
failure. Barostim received the FDA Breakthrough Device designation
and is FDA-approved for use in heart failure patients in the U.S.
It has also received the CE Mark for heart failure and resistant
hypertension in the European Economic Area. To learn more about
Barostim, visit www.cvrx.com.
Forward-Looking StatementsThis press release
contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. The statements
about expected implementation of the Category I CPT code and
further facilitation of reimbursement and patient access are
forward-looking statements. These statements speak only as of the
date of this press release and are based on our current
expectations and projections about future events, and are subject
to a number of known and unknown risks and uncertainties that could
cause actual results to differ from our expectations, including
completion of a formal survey to be conducted by AMA to determine
the reimbursement level and the actual impact of the codes on
actual reimbursement and patient access. These forward-looking
statements speak only as of the date of this press release. Except
as required by applicable law, we do not plan to publicly update or
revise any forward-looking statements contained herein, whether as
a result of any new information, future events, changed
circumstances or otherwise.
Media Contact: Laura O’Neill Finn Partners
917.497.2867 laura.oneill@finnpartners.com
Investor Contact: Mark Klausner or Mike Vallie
ICR Westwicke 443.213.0501 ir@cvrx.com
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