Shares of TranS1 Inc. (NASDAQ: TSON) are soaring in
trading today after the Wilmington, North Carolina-based company announced
reimbursement coverage decision regarding AxiaLIF® procedure. The company said
Palmetto GBA removed its Non-Coverage policy for AxiaLIF effective January 1,
2012.
TranS1 shares rose to an intra-day high of $2.39 in
trading today. At last check, the stock was up more than 16% on above average
volume. The rally has pushed TranS1 shares above their 50-day moving average.
To get more information on Trans1 Inc. please clickhere…
