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Why OraSure Technologies, Inc. Shares Jumped
OraSure Technologies’ shares jumped by as much as 15% after the Centers for Medicare and Medicaid Services (CMS) proposed covering hepatitis-C tests for select high-risk patients. OraSure develops a rapid diagnostic test for HCV, making this potential policy change significant for the company’s future revenue. If adopted, the proposal could boost OraSure’s financial performance and encourage more baby boomers to get tested.