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CareDx, Inc. (NASDAQ: CDNA) is at the forefront of transforming transplant patient care through its innovative surveillance management solutions. Dedicated to improving the lives of organ transplant patients, CareDx leverages the latest in genomics and bioinformatics technology combined with rigorous clinical evidence derived from trials and registries.
CareDx offers a suite of precision medicine solutions aimed at enhancing both pre- and post-transplant care. One of its flagship products, AlloSure®, is the first and only non-invasive blood test that directly measures allograft injury. This next-generation sequencing (NGS) based test detects donor-derived cell-free DNA (dd-cfDNA), providing clinicians with a powerful tool to identify organ injury and the probability of active rejection, particularly in kidney transplant patients.
The company's portfolio also includes AlloMap Heart, AlloSure Heart, and AlloSure Lung, which are dd-cfDNA solutions designed for heart and lung transplant recipients. These products underscore CareDx’s commitment to offering clinically differentiated, high-value healthcare solutions that span the entire transplant journey.
CareDx generates the majority of its revenue from the United States, with a significant portion coming from its testing services. Its product suite not only addresses the critical needs of transplant patients but also supports healthcare providers in delivering better patient outcomes through genomics-based information.
Recent achievements include the continued expansion of their product line and partnerships with leading healthcare institutions to further validate and implement their innovative diagnostic solutions. These efforts position CareDx as a leader in the field of transplant diagnostics and surveillance.
CareDx, Inc. (Nasdaq: CDNA) is set to host its annual digital health user conference, MEET, from September 18-20 in Las Vegas, Nevada. The event will gather professionals from transplant administration and healthcare to discuss innovations and best practices in transplant operations, patient management, and health equity. CEO Reg Seeto emphasized CareDx's commitment to patient-centered digital health solutions. Innovations such as the AlloCare mobile health app will be showcased, integrating various tools to streamline patient care processes.
CareDx, Inc. (CDNA) announced its participation in the 29th International Congress of The Transplantation Society (TTS 2022) from September 10-14 in Buenos Aires, Argentina. Over 25 abstracts will be presented, showcasing the clinical applications of AlloSure® donor-derived cell-free DNA and AlloSeq cfDNA, including innovations in transplantation and artificial intelligence. CEO Reg Seeto emphasized the importance of this global presence, while Dr. Alexandre Loupy discussed AI's role in enhancing patient care. The announcement includes forward-looking statements regarding the potential benefits and risks associated with the event.
CareDx, Inc. announced its partnership with MOTTEP for a panel discussion aimed at tackling health disparities in organ transplantation, scheduled for August 18, 2022. The event will highlight the urgent need for improved health equity within organ donation, especially in minority communities, coinciding with National Minority Donor Awareness Month. Panelists include leading experts in the field, including Reg Seeto and Dr. Clive Callender. The discussion aims to raise awareness of the over 100,000 individuals awaiting organ transplants in the U.S., with a focus on high-risk, underserved populations.
CareDx, Inc. (Nasdaq: CDNA) reported its Q2 2022 financial results, achieving revenues of $80.6 million, up 9% year-over-year. The company delivered 45,000 patient test results, reflecting a 21% growth compared to Q2 2021. Despite a net loss of $21.7 million, the company boasts a strong capital position with $306 million in cash and no debt. CareDx revised its 2022 revenue guidance to $325 million to $335 million, attributing growth to an increased mix of commercial patients.
CareDx, Inc. (Nasdaq: CDNA) announces the integration of MedActionPlan PRO into its AlloCare® mobile health app, enhancing patient-clinician interaction. The platform simplifies post-transplant medication adherence, utilized by over 140 transplant centers. The AlloCare app, downloaded over 50,000 times, now offers personalized education and reminder alerts, empowering patients in their health management. Medication non-adherence poses risks for transplant success, with studies indicating up to 60% of non-adherence is unintentional. CareDx aims to improve transplant outcomes through this innovative integration.
CareDx, Inc. (Nasdaq: CDNA) has launched AlloHome™, a comprehensive patient monitoring solution aimed at enhancing care for transplant patients. This innovative technology allows patients to track vital health data at home, enabling healthcare providers to identify potential adverse events early. Studies indicate significant hospital readmission rates post-transplant, highlighting the need for continuous monitoring. CEO Reg Seeto emphasizes the importance of this tool, especially for patients in underserved communities, as it improves patient engagement and reduces complications.
CareDx, Inc. (NASDAQ: CDNA) will release its second quarter 2022 financial results after market close on August 4, 2022. A conference call will follow at 1:30 p.m. PT / 4:30 p.m. ET, with participation options available via phone or webcast. CareDx specializes in diagnostic solutions for transplant patients, emphasizing high-value healthcare services. The company's focus on precision medicine underscores its role as a leader in providing genomics-based information for transplant care.
CareDx, Inc. (Nasdaq: CDNA) has announced its participation as a Distinguished Founder’s Circle Sponsor for the 2022 American Society of Transplant Surgeons (ASTS) Summer Winter Symposium in Miami, Florida, from August 4-7. This marks the third consecutive year of their top sponsorship. CEO Reg Seeto emphasized their commitment to innovation in transplantation. CareDx will host two symposiums and present research on molecular surveillance and donor-derived cell-free DNA, showcasing advancements in transplant patient outcomes.
CareDx, Inc. (Nasdaq: CDNA) announced its sponsorship of the 2022 Donate Life Transplant Games in San Diego from July 29 to August 3, 2022. The company is promoting its AlloCare mobile app, which assists transplant patients throughout their healthcare journey. The Games are expected to host over 6,000 participants, celebrating organ donors and recipients through various athletic events. CareDx aims to raise awareness for organ donation while enhancing community connectivity among transplant patients.
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