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Shares Of Cytomedix Inc. (CMXI) Rallies in the Mid-Day Trading Session

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The stock of Cytomedix Inc. (OTC: CMXI) is soaring in the mid-day trading session. The stock is trading 4.12% higher today on an announcement of a Proposed National Coverage Determination Memo by CMS for Autologous PRP Gel in Chronic Wound Care. At present, the penny stock is trading at $1.77 with 1.5 million shares traded, compared to Wednesday’s close of $1.70.

Today, the company announced that the proposed National Coverage Determination (NCD) memo by the Centers for Medicare & Medicaid Services (CMS) for autologous blood-derived products for chronic non-healing wounds bodes well for the company. The company said that in its decision memo CMS proposed coverage through its Coverage with Evidence Development (CED) program for all three major wound categories; diabetic, venous and pressure wounds.

The stock has made a significant gain of 21% in the last ten trading sessions. The stock made a significant gain of 112% in the last six months. With market capitalization of $166.35 million, CMXI’s 52-week high is $1.97 and 52- week low is $0.27.

Posted by on Thursday, May 10th, 2012. Filed under Internet, Stocks. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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