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[8-K] Personalis, Inc. Reports Material Event

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Personalis, Inc. announced that the Centers for Medicare & Medicaid Services Molecular Diagnostics Program has revised its Medicare reimbursement rates for the company’s ultrasensitive NeXT Personal® test used to monitor cancer recurrence in stage II and III breast cancer patients. Effective December 1, 2025, the NeXT Personal Dx Breast MRD Recurrence Monitoring Test will be reimbursed at $4,266 and the NeXT Personal Single Plasma Test at $1,164. Medicare will cover the Dx Breast MRD Recurrence Monitoring Test once per cancer diagnosis, while the Single Plasma Test is covered for up to six years after treatment, shaping how often these tests can be used for long-term patient surveillance.

Positive

  • None.

Negative

  • None.

Insights

CMS set specific Medicare rates and usage limits for Personalis’ NeXT Personal breast cancer tests.

The disclosure shows that Personalis now has defined Medicare reimbursement for its NeXT Personal® tests used in post-treatment surveillance of stage II and III breast cancer. Effective December 1, 2025, CMS will reimburse the NeXT Personal Dx Breast MRD Recurrence Monitoring Test at $4,266 and the NeXT Personal Single Plasma Test at $1,164. These amounts establish a clear payment framework for eligible Medicare patients.

Coverage terms also matter for potential test utilization. The Dx Breast MRD Recurrence Monitoring Test is covered once per cancer diagnosis, while the Single Plasma Test can be used for a period of up to six years after treatment. This structure ties revenue potential to both patient volumes and how clinicians choose between a single higher-priced test and repeated plasma tests within that six-year window.

Actual financial impact will depend on adoption of NeXT Personal in the stage II–III breast cancer setting and on future clinical and commercial execution. Investors can later assess how these rates and utilization limits are reflected in revenue trends in periods following December 1, 2025, when the new reimbursement becomes effective.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): November 24, 2025

 

 

Personalis, Inc.

(Exact name of Registrant as Specified in Its Charter)

 

 

 

Delaware   001-38943   27-5411038

(State or Other Jurisdiction

of Incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

6600 Dumbarton Circle

Fremont, California

  94555
(Address of Principal Executive Offices)   (Zip Code)

(650) 752-1300

Registrant’s Telephone Number, Including Area Code

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):

 

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

 

Trading

Symbol(s)

 

Name of each exchange

on which registered

Common Stock, $0.0001 par value per share   PSNL   The Nasdaq Global Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 
 


Item 8.01 Other Events.

On November 24, 2025, the Centers for Medicare & Medicaid Services Molecular Diagnostics Program revised its reimbursement rate determination for Medicare coverage for our ultrasensitive NeXT Personal® test for post-treatment surveillance of cancer recurrence in patients with stage II and III breast cancer. Effective December 1, 2025, the reimbursement rate for the NeXT Personal Dx Breast MRD Recurrence Monitoring Test will be $4,266 and for the NeXT Personal Single Plasma Test the reimbursement rate will be $1,164. Medicare coverage for the NeXT Personal Dx Breast MRD Recurrence Monitoring Test is available once per cancer diagnosis and Medicare coverage for the NeXT Personal Single Plasma Test is available for a period of up to six years post-treatment.

 


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

Date: November 25, 2025   Personalis, Inc.
    By:  

/s/ Aaron Tachibana

      Aaron Tachibana
      Chief Financial Officer and Chief Operating Officer

FAQ

What CMS decision did Personalis (PSNL) announce about NeXT Personal?

Personalis reported that the Centers for Medicare & Medicaid Services Molecular Diagnostics Program revised its reimbursement rate determination for Medicare coverage of the company’s NeXT Personal® test, used for post-treatment surveillance of cancer recurrence in patients with stage II and III breast cancer.

What are the new Medicare reimbursement rates for Personalis’ NeXT Personal tests?

Effective December 1, 2025, Medicare reimbursement will be $4,266 for the NeXT Personal Dx Breast MRD Recurrence Monitoring Test and $1,164 for the NeXT Personal Single Plasma Test.

How often is the NeXT Personal Dx Breast MRD Recurrence Monitoring Test covered by Medicare?

Medicare coverage for the NeXT Personal Dx Breast MRD Recurrence Monitoring Test is available once per cancer diagnosis for eligible stage II and III breast cancer patients.

What is the Medicare coverage duration for the NeXT Personal Single Plasma Test from Personalis?

The NeXT Personal Single Plasma Test has Medicare coverage for a period of up to six years post-treatment, allowing ongoing surveillance of cancer recurrence over that timeframe.

When do the new CMS reimbursement rates for Personalis’ NeXT Personal tests take effect?

The revised Medicare reimbursement rates for Personalis’ NeXT Personal tests are effective starting December 1, 2025, as determined by the Centers for Medicare & Medicaid Services Molecular Diagnostics Program.

Which patient group is targeted by Personalis’ NeXT Personal Medicare coverage update?

The coverage update applies to Personalis’ ultrasensitive NeXT Personal tests used for post-treatment surveillance of cancer recurrence in patients with stage II and III breast cancer.

Personalis

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