CareDx Reports Preliminary First Quarter 2020 Revenue and Provides Business Update in Response to COVID-19 Pandemic - Seite 2

 

Continuing commitment to support patients: CareDx is maintaining its testing, manufacturing, and distribution facilities while implementing specific protocols to reduce contact among employees. In areas where COVID-19 impacts healthcare operations, our field-based sales and clinical support teams are supporting providers through telephone and online platforms.
 

Protecting employees and others: To reduce the risk to CareDx employees and their families from potential exposure to COVID-19, most of our employees have been required to work from home. CareDx has also restricted non-essential business travel to protect the health and safety of its employees, patients, and customers.

"During this challenging time, we continue to focus on the health and safety of our employees, as well as our commitment to support our patients and customers," said Dr. Maag. “While the full impact of this global pandemic remains uncertain, we have taken measures to minimize disruptions and also put initiatives in place to be well-positioned during this challenging time and over the long term. Finally, we express our gratitude to the healthcare professionals who are on the front lines of this pandemic selflessly caring for those who are ill – our thoughts are with you and with those who have been affected."

Withdraw of 2020 Financial Guidance

Due to the uncertainties surrounding the impact of COVID-19, CareDx is withdrawing its revenue guidance for the full year 2020, which was previously issued on February 27, 2020. Management will provide additional information during its earnings conference call regarding first quarter 2020 results.

About CareDx

CareDx, Inc., headquartered in South San Francisco, California, is a leading precision medicine solutions company focused on the discovery, development, and commercialization of clinically differentiated, high-value healthcare solutions for transplant patients and caregivers. CareDx offers testing services, products, and digital solutions along the pre- and post-transplant patient journey, and is a leading provider of genomics-based information for transplant patients.

For more information, please visit: www.CareDx.com.

Forward Looking Statements

This press release includes forward-looking statements, including expectations regarding the Company's expectations of its unaudited revenue and total number of patient results for the three months ended March 31, 2020, achievement of our financial and operational goals and our prospects. These forward-looking statements are based upon information that is currently available to CareDx and its current expectations, speak only as of the date hereof, and are subject to numerous risks and uncertainties, including risks related to the completion of the customary quarterly financial statement review procedures; general economic and market factors; and specific risks related to global economic and marketplace uncertainties related to the COVID-19 pandemic, among others discussed in CareDx's filings with the SEC, including the Annual Report on Form 10-K for the fiscal year ended December 31, 2019 filed by CareDx with the SEC on February 28, 2020, and the periodic reports that CareDx subsequently files with the SEC. Any of these may cause CareDx's actual results, performance or achievements to differ materially and adversely from those anticipated or implied by CareDx's forward-looking statements. CareDx expressly disclaims any obligation, except as required by law, or undertaking to update or revise any such forward-looking statements.

Investor Relations Contact

Greg Chodaczek
646-924-1769
[e-mail]