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Caredx - CDNA STOCK NEWS

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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.

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CareDx, Inc. (Nasdaq: CDNA) reported Q3 2023 financial results, including a 7% revenue increase to $67.2 million, raised revenue guidance to $274-278 million for 2023, and maintained a strong balance sheet with $268.2 million in cash and cash equivalents, and marketable securities, with no debt. The company also received Medicare coverage for HeartCare™ and AlloSure® Lung.
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CareDx, Inc. (Nasdaq: CDNA) will report financial results for the third quarter 2023 on November 8th, 2023. A conference call will be held at 1:30 p.m. PT / 4:30 p.m. ET. Interested individuals can dial 1-800-267-6316 (domestic) or 1-203-518-9783 (international) with Conference ID: CareDx. A live webcast will be available on CareDx's investor relations website.
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CareDx, Inc. announces that Dr. Reginald Seeto will step down as CEO and President and transition to the role of Senior Advisor to the Chairperson. The company will establish an Office of the CEO consisting of Board Chairperson Michael Goldberg, CFO Abhishek Jain, and President of Patient and Testing Services Alexander Johnson. The Board has initiated a search for a permanent CEO. CareDx raises its 2023 revenue guidance to $274-278 million.
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CareDx, Inc. announces a leading presence at the 49th annual meeting of the American Society for Histocompatibility and Immunogenetics (ASHI) to showcase its portfolio of HLA typing solutions and AlloSeq HCT for hematopoietic stem cell monitoring.
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The Supreme Court's decision on patent eligibility does not impact CareDx's ability to provide AlloSure®. CareDx disagrees with the decision but believes it applies equally to other transplant diagnostics patents, including Natera's. CareDx has filed a motion to invalidate Natera's patents. CareDx remains committed to improving transplant patient outcomes.
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The United States Supreme Court has denied CareDx's petition for certiorari in a patent infringement lawsuit against Natera, confirming the invalidity of the asserted patents. This decision upholds previous rulings by the District Court and the Court of Appeals. It effectively terminates any existing claims brought by CareDx against Natera regarding these patents.
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CareDx, Inc. to present at 2023 Cantor Global Healthcare Conference
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CareDx presents new clinical data for AlloSeq cfDNA testing solution at ESOT Congress 2023
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CareDx, Inc. to present at H.C. Wainwright 25th Annual Global Investment Conference
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CareDx, Inc. announces its second annual digital health user conference, the Management Expert Exchange in Transplantation (MEET) Conference. The conference aims to bring together transplant administrators, quality managers, clinicians, and organ procurement organization professionals to share best practices and discuss emerging trends in transplant operations. Keynote presentation will be delivered by Dr. David Mulligan, former UNOS President.
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FAQ

What is the current stock price of Caredx (CDNA)?

The current stock price of Caredx (CDNA) is $22.29 as of February 21, 2025.

What is the market cap of Caredx (CDNA)?

The market cap of Caredx (CDNA) is approximately 1.3B.

What does CareDx, Inc. specialize in?

CareDx, Inc. specializes in precision medicine and surveillance management solutions aimed at improving the lives of organ transplant patients.

What is AlloSure®?

AlloSure® is a non-invasive blood test that measures allograft injury and detects donor-derived cell-free DNA (dd-cfDNA) to identify organ injury in kidney transplant patients.

Which organs do CareDx's products focus on?

CareDx's products focus on kidney, heart, and lung transplants.

Where does CareDx generate most of its revenue?

CareDx generates the majority of its revenue from the United States, primarily through its testing services.

What are some key products offered by CareDx?

Key products include AlloSure Kidney, AlloMap Heart, AlloSure Heart, and AlloSure Lung, all of which are dd-cfDNA solutions.

How does CareDx support transplant patients?

CareDx supports transplant patients by offering non-invasive diagnostic tests that help in monitoring and managing organ transplant health.

What technology does CareDx use in its diagnostics?

CareDx uses genomics and bioinformatics technology, specifically next-generation sequencing (NGS) to develop its diagnostic tests.

Does CareDx collaborate with other healthcare institutions?

Yes, CareDx partners with leading healthcare institutions to validate and implement their diagnostic solutions.

What kind of clinical evidence does CareDx generate?

CareDx generates high-quality clinical evidence through trials and registries to support the efficacy of its products.

What makes CareDx a leader in transplant diagnostics?

CareDx's combination of innovative diagnostic solutions, clinical evidence, and partnerships positions it as a leader in transplant diagnostics and surveillance.
Caredx

Nasdaq:CDNA

CDNA Rankings

CDNA Stock Data

1.25B
51.60M
3.78%
95.99%
8.18%
Diagnostics & Research
Services-medical Laboratories
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United States
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