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Fly News Breaks for March 12, 2015
MELA
Mar 12, 2015 | 15:11 EDT
H.C. Wainwright said the CPT panel of the American Medical Association accepted submission of new codes to cover MELA Sciences' MelaFind system ahead of the firm's expectation of the second half of this year. Once the codes have been approved, MELA can start the process of applying for reimbursement with individual insurers and possibly get approval by the end of 2015, the firm noted. H.C. Wainwright maintains its Buy rating and $4.50 price target on MELA shares.
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