PAVmed and Lucid Chairman and Chief Executive Officer, Dr. Lishan Aklog, Testifies at U.S. House of Representatives Energy and Commerce Committee, Hearing on Life-Saving Innovations and Medicare Coverage
NEW YORK, July 19, 2023 /PRNewswire/ -- PAVmed Inc. (NASDAQ: PAVM, PAVMZ) ("PAVmed"), a diversified commercial-stage medical technology company, operating in the medical device, diagnostics, and digital health sectors, and its majority-owned subsidiary Lucid Diagnostics Inc. (Nasdaq: LUCD) ("Lucid Diagnostics" or "Lucid"), a commercial-stage cancer prevention diagnostics company, announced that PAVmed and Lucid's Chairman and Chief Executive Officer, Lishan Aklog, M.D, testified yesterday at the U.S. House of Representatives Energy and Commerce Committee, Subcommittee on Health, hearing entitled "Innovation Saves Lives: Evaluating Medicare Coverage Pathways for Innovative Drugs, Medical Devices, and Technology".
- 1691 ) and the proposed Center for Medicare and Medicaid Services ("CMS") Transitional Coverage for Emerging Technologies ( TCET ) pathway.
- During questioning, he vigorously argued that there is no justification for TCET to exclude molecular diagnostic testing which lies "…at the leading edge of innovation."
- EsoGuard successfully detected a very late stage esophageal precancer, for which he successfully underwent curative ablation treatment to prevent progression to cancer.
- A copy of Dr. Aklog' s prepared written testimony and link to a video of the full hearing can be found on the PAVmed and Lucid websites in the Investor Relations section, under "Events".