Market ConcernsShares of Glaukos Corp. experienced a decline due to concerns about the 2025 US iDose outlook, particularly related to local coverage determinations affecting the core US MIGS franchise.
Regulatory ChallengesChallenges with Novitas have led to some iDose procedure halts due to delays in facility fee payments, although this has been resolved for some but remains an issue for others.
Regulatory ImpactRecent changes in Local Coverage Determinations (LCD) for core MIGS are expected to negatively impact business performance until existing challenges are overcome.