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CDNA

CareDx

$31.42

-0.13 (-0.41%)

13:43
04/01/19
04/01
13:43
04/01/19
13:43

CareDx CEO sees 'measured opportunity' in lung transplant

In an exclusive interview with The Fly, CareDx (CDNA) CEO Peter Maag discussed the company's opportunity in lung transplant: "This is a $50M-$100M revenue opportunity. If you contrast this with a $2B opportunity in kidney transplantation, it's somewhat a measured opportunity, but it is an opportunity to establish this technology also in lung transplantation." CareDx is a molecular diagnostics company focused on the discovery, development and commercialization of diagnostic solutions for transplant recipients. "Meet the Company" is The Fly's recurring series of exclusive short interviews with Executive Officers to offer a deeper look inside the company. The remainder of this interview to follow.

CDNA CareDx
$31.42

-0.13 (-0.41%)

03/28/19
RAJA
03/28/19
NO CHANGE
RAJA
Strong Buy
CareDx lawsuit against Natera 'not unexpected,' says Raymond James
Raymond James analyst John Hsu notes that CareDx (CDNA) announced the filing of a patent infringement lawsuit against Natera (NTRA), which was "not unexpected." The analyst sees the lawsuit as consistent with management seeking to protect the company's intellectual property, and notes that the court process could take up to three years. While this lawsuit is a "logical course of action," Hsu believes CareDx remains focused on building its moat in kidney transplant, with sales force investments and a focus on integration with hospital electronic medical records. Overall, the analyst still views 2019's main focus on other activities to strengthen a "significant head start on the back of a best-in-class product launch in 2018." He reiterates a Strong Buy rating on CareDx shares.
03/07/19
PIPR
03/07/19
NO CHANGE
Target $42
PIPR
CareDx remains a top small cap idea at Piper Jaffray
Piper Jaffray analyst William Quirk says CareDx's Q4 results were driven by strong AlloSure performance and enrollment expansion in the K-OAR study. The analyst views the company's 2019 revenue guidance as conservative and believes its competitive moat in transplant medicine continues to widen. The stock remains his top small cap idea and Quirk reiterates an Overweight rating on CareDx with a $42 price target.
02/21/19
PIPR
02/21/19
NO CHANGE
Target $42
PIPR
Overweight
CareDx has $85M market opportunity in lung transplant, says Piper Jaffray
Piper Jaffray analyst William Quirk says that while lung represents the smallest number of transplants of the big four organs at 2,530 transplants in 2018, today's announcement from CareDx is another example of how cfDNA can be applied across the transplant continuum. Assuming a similar 7-4-4 testing methodology at 75% adherence and $2,000 reimbursement suggests an $85M market opportunity for the company in lung transplant, Quirk tells investors in a research note. He believes the foray into lung is a "natural extension" of CareDx's work in kidney and heart and should extend its moat in transplant medicine. The analyst reiterates an Overweight rating on CareDx with a $42 price target.
02/15/19
02/15/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Cubic (CUB) initiated with a Buy at Citi. 2. Del Frisco's (DFRG) initiated with a Neutral at JPMorgan. 3. Lindblad Expeditions (LIND) initiated with a Buy at Stifel. 4. CareDx (CDNA) initiated with a Buy at Jefferies. 5. AcelRx (ACRX) initiated with an Outperform at Credit Suisse. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

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JPM

JPMorgan

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SIEGY

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AT&T

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RDS.A

Royal Dutch Shell

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GM

General Motors

$35.13

0.01 (0.03%)

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Tesla

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-4.7 (-2.40%)

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RNLSY

Renault

$0.00

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FMC

FMC Corporation

$70.88

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DowDuPont

$31.10

0.16 (0.52%)

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FMC

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DowDuPont

$31.10

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MGM

MGM Resorts

$25.55

0.19 (0.75%)

13:03
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PYPL

PayPal

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GOOG

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UBER

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APTO

Aptose Biosciences

$2.01

0.03 (1.52%)

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  • 04

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TRNX

Taronis Technologies

$0.48

0.004 (0.84%)

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USEG

U.S. Energy

$0.45

0.0373 (9.10%)

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AAPL

Apple

$179.03

-0.64 (-0.36%)

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  • 03

    Jun

SPCB

SuperCom

$1.17

-0.005 (-0.43%)

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USEG

U.S. Energy

$0.45

0.0373 (9.10%)

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MYOV

Myovant Sciences

$12.39

-0.465 (-3.62%)

17:18
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MYOV

Myovant Sciences

$12.39

-0.465 (-3.62%)

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NVS

Novartis

$87.49

3.03 (3.59%)

, QGEN

Qiagen

$38.22

-0.255 (-0.66%)

16:57
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NVS

Novartis

$87.49

3.03 (3.59%)

QGEN

Qiagen

$38.22

-0.255 (-0.66%)

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AVH

Avianca

$3.96

0.91 (29.84%)

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AAPL

Apple

$179.03

-0.64 (-0.36%)

16:53
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Apple acquires startup Tueo Health, CNBC reports »

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  • 03

    Jun

SHSP

SharpSpring

$16.37

-0.24 (-1.44%)

16:52
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05/24
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16:52
Syndicate
Breaking Syndicate news story on SharpSpring »

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  • 13

    Jun

CREG

China Recycling Energy

$0.48

0.005 (1.05%)

16:41
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05/24
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16:41
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Breaking Syndicate news story on China Recycling Energy »

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