Financial PerformanceCDNA shares were down 16% due to factors such as lower-than-expected Q3 revenue beat and volume growth, lack of full-year guidance reiteration, limited discussion on surveillance testing, and no Q&A during the Investor Day webcast.
Growth PotentialInvestors may question just how much growth CDNA can realistically capture from the 'portfolio halo effect' argument.
Regulatory ImpactUnder the draft LCD, surveillance testing using tests such as AlloSure Kidney would only be covered in a setting with an established biopsy protocol, potentially reducing annual revenue by as much as $70-$90 million.