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Cardiomedics, Inc.

Company applies for Medicare coverage of heart failure treatment

Published in Biotech Law Weekly, August 5th, 2005

Cardiomedics, Inc., announced that it has submitted an application to the U.S. Centers for Medicare and Medicaid (CMS) for sole Medicare coverage of its External Counter Pulsation (ECP) System for the treatment of heart failure.

There are an estimated 2.5 million heart failure patients in Classes II, III and IV in the United States, 400,000 of whom are due each year, and 500,000 new heart failure patients are diagnosed annually. The treatment of heart failure is the largest single cost to Medicare, $40 billion per year.

Cardiomedics has requested that Medicare coverage of ECP for the treatment of heart failure be limited to the use of ECP devices...

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