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Renalytix CFO Increases Stake as Kidney Disease Test Gains Traction
Renalytix’s interim CFO, Joel Jung, increased his stake in the company by purchasing 2,000 American Depositary Shares, signaling management confidence. The company’s KidneyintelX.dkd diagnostic test is gaining traction with over 15,000 patients, full Medicare reimbursement, and endorsement in international guidelines. Despite weak financial performance and a bearish technical trend, these developments strengthen Renalytix’s market position and could support revenue growth.