Bionano Laboratories Announces New Category I CPT Code for OGM Use in Hematological Malignancy Analysis
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Bionano Genomics, Inc. (BNGO)
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Source: GlobeNewswire
SAN DIEGO, June 17, 2024 (GLOBE NEWSWIRE) -- Bionano Laboratories, a clinical laboratory services business of Bionano Genomics, Inc. (Nasdaq: BNGO), today announced the editorial panel of the American Medical Association (AMA) established a new Category I Current Procedural Terminology (CPT®) code for the use of optical genome mapping (OGM) in cytogenomic genome-wide analysis to detect structural and copy number variations related to hematological malignancies. The CPT code is a key component in obtaining reimbursement for the OGM-Dx™ HemeOne laboratory developed test (LDT) from third party payers. The Category I CPT code is expected to be included in the next CPT codebook and to be effective January 1, 2025. The establishment of a new Category I CPT code for OGM implies that it has met the standards of acceptance by the medical community, in contrast to a Category III code, which is generally applied to emerging technologies. As part of the application review process, the panel
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Analyst Actions
- 5/16/24 - BTIG
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- 6/21/24 - Form 8-K
- 6/21/24 - Form EFFECT
- 6/20/24 - Form 424B3
- BNGO's page on the SEC website