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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) has announced its sponsorship at the 48th annual meeting of the American Society for Histocompatibility and Immunogenetics (ASHI) in Las Vegas from October 24-28. The company will present its innovative NGS HLA typing kits and chimerism monitoring solutions. CEO Reg Seeto emphasized their commitment to driving transplantation innovation. Key presentations include the unique hybrid capture approach of AlloSeq Tx17 for better donor-recipient matching, enhancing long-term allograft survival rates. The event highlights CareDx's leadership in precision medicine for transplant patients.
CareDx, Inc. (NASDAQ: CDNA) will host a symposium at the Heart Failure Society of America Annual Scientific Meeting in Washington, D.C., from September 30 to October 3, 2022. The event will focus on innovations in post-cardiac transplant care, particularly the AI Heart Platform with AiCAV™ for assessing cardiac allograft vasculopathy risk. Key presentations will address heart transplant surveillance and predictive models for patient outcomes. CareDx, a leader in precision medicine for transplant patients, emphasizes early interventions to enhance graft and recipient health.
CareDx, Inc. (NASDAQ: CDNA) announced a new study confirming that AlloMap, the only gene-expression profiling blood test for heart transplant rejection, significantly reduces pain and adverse events compared to heart biopsy. Conducted at Baylor University Medical Center, the study involved 43 patients and demonstrated that AlloMap's home testing option minimizes infection risk. The test has been FDA cleared since 2005 and is used in over 90% of U.S. heart transplant centers. The results support CareDx's commitment to enhancing patient experiences in transplant care.
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.
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