CareDx Inc. Board Meeting: $50 Million Share Repurchase Program Authorized After Successful Completion of Previous Buyback

Reuters
2025/06/04
<a href="https://laohu8.com/S/CDNA">CareDx</a> Inc. Board Meeting: $50 Million Share Repurchase Program Authorized After Successful Completion of Previous Buyback

CareDx, Inc., a leading precision medicine company, announced several key resolutions following a recent board meeting. The Board of Directors approved a new $50 million share repurchase program, aiming to buy back up to 5% of outstanding shares over the next 24 months. This decision follows the successful completion of a previous $50 million repurchase, highlighting the company's commitment to returning value to shareholders. The repurchase will be conducted at the company's discretion through various means, contingent on market conditions and other factors. The company also reported its seventh consecutive quarter of testing services volume growth and a first-quarter total revenue of $84.7 million, marking an 18% year-over-year increase. CareDx remains financially robust, ending the first quarter with $231 million in cash, cash equivalents, marketable securities, and no debt. CEO John W. Hanna expressed confidence in achieving long-term growth targets, including $500 million in revenue and 20% adjusted EBITA by 2027.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CareDx Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250603847560) on June 03, 2025, and is solely responsible for the information contained therein.

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