Skip to main content
Premium Trial:

Request an Annual Quote

CareDx Prices $175M Common Stock Offering

NEW YORK – CareDx said on Wednesday that it has priced an underwritten public offering of 1,923,077 shares of its common stock, at $91 per share.

The transplant diagnostics company expects gross proceeds from the offering of $175 million. In addition, CareDx has granted the underwriters a 30-day option to purchase up to 288,461 additional shares. In a filing with the US Securities and Exchange Commission, CareDx estimated that the net proceeds from the offering will be approximately $164.1 million, or about $188.8 million if the underwriters exercise their option to purchase the additional shares.

The company said it intends to use the net proceeds for working capital and general corporate purposes. The offering is expected to close on or about Jan. 25.

Goldman Sachs and Jefferies are acting as joint book-running managers for the offering. Raymond James, BTIG, Craig-Hallum Capital Group, and HC Wainwright are acting as co-managers.

The Scan

Study Links Evolution of Longevity, Social Organization in Mammals

With the help of comparative phylogenetics and transcriptomics, researchers in Nature Communications see ties between lifespan and social organization in mammals.

Tumor Microenvironment Immune Score Provides Immunotherapy Response, Prognostic Insights

Using multiple in situ analyses and RNA sequence data, researchers in eBioMedicine have developed a score associated with immunotherapy response or survival.

CRISPR-Based Method for Finding Cancer-Associated Exosomal MicroRNAs in Blood

A team from China presents in ACS Sensors a liposome-mediated membrane fusion strategy for detecting miRNAs carried in exosomes in the blood with a CRISPR-mediated reporter system.

Drug Response Variants May Be Distinct in Somatic, Germline Samples

Based on variants from across 21 drug response genes, researchers in The Pharmacogenomics Journal suspect that tumor-only DNA sequences may miss drug response clues found in the germline.