IPO Could Bring In As Much As $50 Million For Bay Area’s CareDx

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CareDx, which sells molecular diagnostic tests to monitor heart transplants, refiled on Tuesday with the SEC to raise up to $50 million in an initial public offering. It originally filed for an $86 million IPO in 2007 under the name XDx but withdrew in 2008. The Brisbane, CA-based company, which was founded in 1998 and booked $23 million in sales for the 12 months ended March 31, 2014, plans to list on the NASDAQ under the symbol CDNA. CareDx initially filed confidentially on March 31, 2014.

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