SEC Concludes Investigation of CareDx, Inc. Without Recommending Enforcement Action
Portfolio Pulse from Benzinga Newsdesk
The SEC has concluded its investigation into CareDx, Inc. and does not intend to recommend any enforcement action against the company. The investigation was related to matters similar to those identified in the civil investigative demand by the Department of Justice, with which the company continues to cooperate.
September 25, 2023 | 11:05 am
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POSITIVE IMPACT
The SEC's decision not to recommend enforcement action against CareDx, Inc. may positively impact the company's stock in the short term.
The conclusion of the SEC investigation without any enforcement action removes a significant potential risk for CareDx, Inc. This could lead to increased investor confidence and a potential rise in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100