M&A
confidence high
sentiment positive
materiality 0.85
CareDx sells Lab Products to Eurobio for $170M; Q1 rev up 39% to $118M
CareDx, Inc.
- Divests Lab Products (IVD kits) to Eurobio Scientific for $170M cash; expected close by end of Q3 2026.
- Preliminary Q1 2026 revenue ~$118M (+39% YoY); Testing Services revenue ~$91M (+48% YoY) on volume of ~54,900 (+17%).
- Patient & Digital Solutions revenue ~$16M (+33% YoY); Lab Products revenue ~$10M (-4% YoY).
- Cash, equivalents, and marketable securities ~$198M as of Mar 31, 2026.
- Retains exclusive North American distribution rights for certain Eurobio post-transplant monitoring IVD tests.