CDNA · CIK 0001217234
What CareDx, Inc. told the SEC could break it.
2 self-disclosed vulnerabilities, pulled from its own filings, each in the company’s words, with the source. This is the risk register almost nobody reads.
A limited set so far, we surface every cited disclosure we’ve extracted for CDNA. More may follow as additional filings are processed.
In its own words
What could break it.
Customer concentration
- Medicare = 46% of testing services revenuehigh
Medicare reimbursement for AlloSure Kidney, AlloMap Heart, AlloSure Heart, HeartCare and AlloSure Lung represented 46% of testing services revenue in 2025; loss or significant reduction in Medicare reimbursement (rate cuts, coverage changes, sequestration) would severely affect financial performance.
“For the year ended December 31, 2025, revenue from Medicare for AlloSure Kidney, AlloMap Heart, AlloSure Heart, HeartCare and AlloSure Lung represented 46% of testing services revenue.”
SEC filing →As of 2026
Sole-source dependency
- Sole-source suppliers for critical reagents, instruments and raw materialshigh
CareDx relies solely on certain named suppliers (Thermo Fisher, Roche Molecular Systems, Hamilton Robotics, Illumina, Beckman Coulter, Qiagen, Becton Dickinson, Avantor) for laboratory instruments, key reagents and critical raw materials available only from one supplier, and lacks guaranteed supply agreements with several of them.
“We rely solely on certain suppliers to provide some of the laboratory instruments and key reagents that we use to perform AlloSure Kidney, AlloMap Heart, AlloSure Heart, HeartCare and AlloSure Lung testing. These sole source suppliers include Thermo Fisher Scientific, Inc., or Thermo Fisher, which supplies us with instruments, laboratory reagents and consumables; Roche Molecular Systems, which supplies us with laboratory reagents and consumables; Hamilton Robotics, which supplies equipment and consumables; I”
SEC filing →As of 2026
The hidden graph
Who it depends on, and who depends on it.
Relationships surfaced from filings, including ones disclosed by the other side, which is how the non-obvious ones come to light.
Its suppliers
“Illumina, Inc., or Illumina, which supplies us with instruments, laboratory reagents and consumab”
Cited →Beckman Coulter
“ckman Coulter, which provides laboratory equipment, reagents and consumables; and Qiagen N.V., which supplies us with a proprietary buffer reagent.”
Cited →Thermo Fisher Scientific, Inc.
“These sole source suppliers include Thermo Fisher Scientific, Inc., or Thermo Fisher, which supplies us with instruments, laboratory reagents and consumables”
Cited →
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