Uroplasty earnings miss forecast; announces expanded coverage for its Urgent PC neuromodulation system

|By:, SA News Editor

Uroplasty (UPI +17%) pops today after saying Medicare administrative contractor Novitas Solutions has expanded coverage for posterior tibial nerve stimulation using the company's Urgent PC neuromodulation system to treat overactive bladder and associated symptoms.

The increased coverage includes additional diagnostic codes as well as expansion of on-going therapy from 12 months to up to two years.

The company also reported FQ1 earnings last night that largely trailed analysts forecasts. (PR)