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Convatec slides as CMS proposes to cut spending on skin-substitute products

By Michele Maatouk

Date: Tuesday 15 Jul 2025

(Sharecast News) - Convatec shares fell sharply on Tuesday after the Centers for Medicare & Medicaid Services in the US suggested to cut spending on skin-substitute products, citing "abusive pricing practices".
In a draft proposal on Monday, the CMS noted that Medicare spending on skin substitutes has risen from $256m in...

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