Levi & Korsinsky notifies investors that it has commenced an investigation into CVRx, Inc. (NASDAQ: CVRX) concerning potential violations of the federal securities laws.
On July 10, 2024, the Centers for Medicare and Medicaid Services ("CMS") issued proposed payment rates for hospital outpatient and Ambulatory Surgical Center ("ASC") services. That same day, Piper Sandler released a note stating that under the proposed CMS rules, reimbursement for CVRx's Barostim heart failure device has been reduced by 38.1% for ASC services and by 32.9% for Hospital Outpatient Department services. Following this news, CVRx's stock price dropped over 38% the same day.
If you suffered a loss on your CVRx, Inc. securities and would like to explore a potential recovery under the federal securities laws, submit to us or contact Joseph E. Levi, Esq. via email at [email protected] or call 212-363-7500 to speak to our team of experienced shareholder advocates.
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