Stock in Action: EDAP TMS S.A. (NASDAQ:EDAP)

EDAP TMS S.A. (NASDAQ:EDAP) stock identified change of 96.30% away from 52-week low price and recently located move of -51.11% off 52-week high price. The company has 29M of outstanding shares and 76.844M shares were floated in the market.

EDAP TMS SA (EDAP) recently reported that the American Medical Association’s (“AMA”) CPT® Editorial Panel, at its May 2019 meeting, accepted EDAP’s application to establish a new Category 1 CPT code that will facilitate reimbursement for the ablation of malignant prostate tissue with HIFU technology. The CPT code description selected by the Panel is “Ablation of malignant prostate tissue, transrectal, with high intensity focused ultrasound (HIFU) including ultrasound guidance.” The code will be included in the next CPT® Codebook and be effective on January 1, 2021.

Marc Oczachowski, EDAP’s Chief Executive Officer, stated, “The AMA’s acceptance of our request for a Category 1 CPT code is a important milestone for EDAP in the reimbursement process of HIFU in the U.S. and a major step forward in the recognition of Focal One®, which combines HIFU with proprietary ultrasound guidance technology, as a highly differentiated tool for the targeted ablation of prostate tissue. Additionally, we believe the specific reference to malignant tissue, transrectal approach and ultrasound guidance in the code description is clearly favorable to EDAP and its exclusive and recent HIFU device generation, the Focal One.”

EDAP TMS S.A. (NASDAQ:EDAP) moved with change of +1.53% to $2.6500 with the total traded volume of 28,725 shares in recent session versus to an average volume of 295,862. The stock price is trading downbeat from its 200 days moving average with -12.41% and down from 50 days moving average with -34.68%.  EDAP TMS S.A., together with its subsidiaries, develops, produces, markets, distributes, and maintains a portfolio of minimally-invasive medical devices for the treatment of urological diseases worldwide.

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