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CareDx Reported Positive Clinical Results For Its Kidney Transplant Blood Tests

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CareDx, Inc. (NASDAQ: CDNA) revealed promising clinical performance of its AlloSure assay for the non-invasive surveillance of kidney transplant rejection, according to a note from analysts at Janney.

In patients studied as part of a DART clinical trial, CareDx’s “AlloSure” blood assay successfully detected heightened levels of donor-derived cell free DNA in subjects presenting kidney transplant rejection.

More details could follow if AlloSure is presented during kidney week at the American Society of Nephrologists this fall. Leveraging on the company's transplantation expertise and existing relationships cultivated over a multi-year period, cross-selling opportunities and new product rollouts may drive revenue acceleration starting in 2017.

CareDx closed up 2 percent at $5.04.

Latest Ratings for CDNA

DateFirmActionFromTo
Aug 2020Raymond JamesMaintainsStrong Buy
Aug 2020HC Wainwright & Co.MaintainsBuy
Jun 2020BTIGInitiates Coverage OnBuy

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