Abiomed (NSDQ:ABMD) is slated to win a reimbursement code for procedures involving its Impella heart pump, according to analysts at Piper Jaffray.
In a summary of recent editorial panel decisions, the American Medical Assn. revealed that the panel approved the Society for Cardiovascular Angiography and Interventions’ proposal for the reimbursement code, according to theflyonthewall.com.
The code will help push utilization rates for the Impella device higher, the Piper analysts noted, maintaining their “overweight” rating on Abiomed shares, website.
ABMD shares were trading at $21.25 as of about 12:30 p.m. today, up 2.3%.
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