CareDx Announces Closure of DOJ Investigation with No Finding of Wrongdoing
08 Ottobre 2024 - 12:05PM
Business Wire
DOJ Concludes Investigation and Declines to
Prosecute
CareDx, Inc. (Nasdaq: CDNA) – The Transplant Company™ – a
leading precision medicine company focused on the discovery,
development, and commercialization of clinically differentiated,
high-value healthcare solutions for transplant patients and
caregivers – today announced that the Department of Justice (DOJ)
has concluded its investigation into CareDx with no finding of
wrongdoing and declined to take any further action.
In a Court document unsealed on October 7, 2024, the DOJ
indicated that it is declining to intervene in a qui tam action
filed by a former CareDx employee.
Today's decision by the DOJ follows the decision made by the
U.S. Securities and Exchange Commission (SEC) in September 2023 to
close its investigation and take no action against the Company. The
Company believes the closure of the DOJ’s investigation underscores
that the underlying allegations, which have now been reviewed by
two separate government agencies, were meritless, reinforcing its
confidence in the integrity of its operations.
The qui tam complaint, which was filed under seal on February
12, 2021, in the federal district court for the Eastern District of
New York, is now unsealed. CareDx will continue to vigorously
defend itself should the former employee choose to proceed with
this litigation.
About CareDx – The Transplant Company
CareDx, Inc., headquartered in Brisbane, 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 healthcare solutions along the pre- and post-transplant
patient journey and is the 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 within
the meaning of applicable securities laws. 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, all of
which are difficult to predict and many of which are beyond our
control, including whether the former employee of CareDx that
initiated the qui tam action will pursue civil litigation and, if
so, the outcome thereof, and other risks that are discussed in
CareDx’s filings with the Securities and Exchange Commission (the
“SEC”), including, but not limited to, the Annual Report on Form
10-K for the fiscal year ended December 31, 2023 filed by CareDx
with the SEC on February 28, 2024, the quarterly report on Form
10-Q for the quarter ended March 31, 2024 filed by CareDx with the
SEC on May 9, 2024, the quarterly report on Form 10-Q for the
quarter ended June 30, 2024 filed by CareDx with the SEC on July
31, 2024 and other reports that CareDx has filed 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. You
are cautioned not to place undue reliance on these forward-looking
statements. CareDx expressly disclaims any obligation, except as
required by law, or undertaking to update or revise any such
forward-looking statements, whether as a result of new information,
future events or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20241008508472/en/
CareDx, Inc. Media Relations Anna Czene 818-731-2203
aczene@caredx.com Investor Relations Greg Chodaczek
investor@CareDx.com
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