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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.
In order to be eligible to join the CVRX class action lawsuit, you must have incurred a loss on shares of CVRx, Inc. purchased during the class period listed above.
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