Natera,Inc. (NASDAQ: NTRA), a pioneer and global leader in cell-free DNA testing, today announced that the Centers for Medicare & Medicaid Services (CMS) has granted ADLT status for the Signatera molecular residual disease (MRD) test.
AUSTIN, Texas, June 18, 2021 /PRNewswire/ -- Natera,Inc. (NASDAQ: NTRA), a pioneer and global leader in cell-free DNA testing, today announced that the Centers for Medicare & Medicaid Services (CMS) has granted ADLT status for the Signatera molecular residual disease (MRD) test. Obtaining ADLT status confirms that Signatera meets the highly selective criteria established under the Protecting Access to Medicare Act of 2014 (PAMA). The initial ADLT rate established by CMS is $3,500 for each Signatera assay used in the recurrence monitoring setting. Signatera received Medicare coverage for use in stage II-III colorectal cancer in late 2020, while finalization of a draft local coverage determination for use in immunotherapy response monitoring is anticipated for release in late 2021. “Receiving ADLT status represents a major milestone in our commercialization efforts and confirms the unique nature of the Signatera assay,” said John Fesko, chief business officer at Natera. “We are committed to working closely with CMS to expand access to MRD testing to ensure CMS members, physicians and healthcare systems can fully benefit from this revolutionary technology.” Signatera is used for treatment monitoring and MRD assessment and can detect cancer recurrence up to two years before conventional imaging.1 To date, Signatera has been studied in over 3,000 patients and in 12 peer-reviewed publications, including multi-site, prospective, randomized trials, across more than 25 different tumor types. The test has also been granted three Breakthrough Device Designations by the FDA. About Signatera Signatera test performance has been clinically validated in multiple cancer types including colorectal, non-small cell lung, breast, and bladder cancers. Signatera has been developed and its performance characteristics determined by Natera, the CLIA-certified laboratory performing the test. The test has not been cleared or approved by the US Food and Drug Administration (FDA). CAP accredited, ISO 13485 certified, and CLIA certified. About Natera Natera is a pioneer and global leader in cell-free DNA testing from a simple blood draw. The mission of the company is to change the management of disease worldwide with a focus on women’s health, oncology, and organ health. Natera operates ISO 13485-certified and CAP-accredited laboratories certified under the Clinical Laboratory Improvement Amendments (CLIA) in Austin, Texas and San Carlos, California. It offers proprietary genetic testing services to inform obstetricians, transplant physicians, oncologists, and cancer researchers, including biopharmaceutical companies, and genetic laboratories through its cloud-based software platform. For more information, visit natera.com. Follow Natera on LinkedIn. Forward-Looking Statements Contacts Investor Relations: Mike Brophy, CFO, Natera, Inc., 650-249-9090 References
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Company Codes: NASDAQ-NMS:NTRA |