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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) announced a minority investment in Miromatrix, a biotech firm focused on developing bioengineered organs to reduce the transplant waiting list. This collaboration will leverage CareDx's technology for research and development initiatives. The significant shortage of available organs impacts thousands annually, with over 40,000 kidney patients dying each year due to this crisis. Miromatrix's patented technology aims to create fully implantable organs like livers and kidneys, aligning with CareDx's mission to enhance transplant patient care.
CareDx, a precision medicine company focused on healthcare solutions for transplant patients, announced its participation in the Jefferies Virtual Healthcare Conference. The event will take place on June 1, 2021, at 10:00 a.m. PT / 1:00 p.m. ET. Investors can access the live webcast through the investor relations section of CareDx's website. CareDx specializes in testing services and digital solutions along the transplant patient journey, making it a leading provider of genomics-based information for transplant care.
CareDx Announces Innovations in Kidney Transplant Surveillance
CareDx, Inc. (Nasdaq: CDNA) will showcase advancements in donor-derived cell-free DNA (dd-cfDNA) at the 3rd Annual Global Kidney Innovations Summit on May 13-14, 2021. Reg Seeto, President and CEO, will present on May 14, discussing AlloSure, a blood test that significantly improves organ rejection detection post-transplant. The summit, organized by the American Association of Kidney Patients, aims to enhance global kidney health awareness and innovation.
CareDx reported strong first-quarter results for 2021, achieving $67.4 million in revenue, a 76% increase year-over-year. The company provided around 33,200 AlloSure and AlloMap patient results, with over 60 U.S. transplant centers adopting AlloSure Kidney protocols. A successful public offering raised approximately $188.7 million, boosting total cash and equivalents to $374.3 million. CareDx has increased its full-year revenue guidance to between $270 million and $280 million, reflecting continued growth in the transplant ecosystem.
CareDx, Inc. (Nasdaq: CDNA) announced the presentation of 15 heart abstracts at the ISHLT Annual Meeting on April 24-28, 2021. The company will showcase a total of 22 abstracts, reflecting its leadership in cardiothoracic care. Notably, a virtual symposium titled “HeartCare: The Utility of Multi-Modality in Transplant Patient Care” will occur on April 25 from 11:30 a.m. to 12:30 p.m. Eastern Time. Presented by experts, the research emphasizes innovative diagnostics for heart transplant rejection detection.
CareDx, Inc. (Nasdaq: CDNA) has announced that Medicare coverage for its transplant testing services remains unchanged under a new universal coverage policy by Palmetto MolDx. The policy reaffirms patient access to services essential for managing organ transplant care. CareDx’s AlloMap and AlloSure tests, which are critical for identifying organ rejection, have been validated through rigorous studies. This continued coverage supports CareDx's mission in enhancing patient care and solidifies its role as a leader in precision medicine.
CareDx (Nasdaq: CDNA) announced its participation in the upcoming International Society of Heart and Lung Transplantation Annual Meeting from April 24-28, 2021, where it will present 22 clinical abstracts, focusing on its AlloSure Lung surveillance technology for lung transplant patients. This technology, expanding on previous successes in heart and kidney transplants, utilizes donor-derived cell-free DNA to non-invasively assess allograft injury. Notably, seven abstracts will detail its clinical utility in lung transplantation, highlighting significant ongoing research.
CareDx, Inc. (Nasdaq: CDNA) announced it will report its first quarter 2021 financial results after market close on May 5, 2021. A conference call will follow at 1:30 p.m. PT / 4:30 p.m. ET for investors and analysts to discuss these results.
Interested parties can join the call by dialing 877-705-6003 for domestic or 201-493-6725 for international calls, referencing Conference ID: 13718586. A live webcast will also be available on CareDx's website.
CareDx, a leader in precision medicine, has announced the hosting of two symposia at the 2021 European Federation for Immunogenetics and Histocompatibility Conference (EFI) from April 21-23, 2021. The sessions will focus on pioneering data in HLA typing and post-transplant surveillance aimed at enhancing transplant patient care. With a total of eight abstracts and one oral presentation highlighting innovations in AlloSeq and QTYPE portfolios, the company aims to improve outcomes in organ transplantation and demonstrate its leadership in the field.
CareDx, Inc. (Nasdaq: CDNA) will exhibit at the 29th Annual UNOS Transplant Management Forum from April 19-22, 2021. On April 20, 2021, at 11:00 a.m. EDT, they will host a symposium titled “Providing Personalized Care for Every Step on the Transplant Journey.” Key topics include pre-transplant care with TX Connect, quality care with XynQAPI, and post-transplant care with AlloSure® dd-cfDNA. CareDx aims to provide integrated digital solutions to improve transplant patient care, highlighted by the recent acquisition of TX Connect.
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