On August 31, 2020 Epigenomics AG (Frankfurt Prime Standard: ECX, OTCQX: EPGNY; the "Company") reported that the Centers for Medicare & Medicaid Services (CMS) did not issue the proposed decision memo for its National Coverage Analysis (NCA) for Screening for Colorectal Cancer with Blood-Based Biomarker Tests by the statutory due date of August 28, 2020 (Press release, Epigenomics, AUG 31, 2020, View Source [SID1234564163]). CMS is actively working on the decision, and its goal is to publish the decision as soon as possible.

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"While we are disappointed CMS did not meet its statutory timeline, we recognize the agency’s resources are stretched because of the pandemic," said Greg Hamilton CEO of Epigenomics. "We remain confident that CMS will issue a positive proposed decision based upon the clinical evidence and are hopeful the agency will publish it as quickly as possible."