CareDx ( (CDNA) ) has provided an update.
CareDx, Inc. has concluded an employment separation and consulting agreement with Alexander Johnson, its President of Patient and Testing Services. Johnson’s termination, categorized as without “cause,” includes severance payments, bonuses, and COBRA premium reimbursements, along with a consulting arrangement to assist with transition. He will provide up to 40 hours monthly for six months, with the possibility of extension, while his equity awards continue to vest. The consulting role ensures a smooth handover of his responsibilities and is compensated with a lump sum post-term, subject to specific termination conditions.
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