Welcome to our dedicated page for Biocept news (Ticker: BIOC), a resource for investors and traders seeking the latest updates and insights on Biocept stock.
Biocept, Inc. (symbol: BIOC) is a leading molecular oncology diagnostics company, specializing in the analysis of circulating tumor-associated DNA. The company focuses on both circulating tumor cells (CTCs) and cell-free circulating tumor DNA (ctDNA) in plasma. Biocept’s mission is to enhance cancer patient outcomes through the advancement of oncology diagnostics.
Utilizing patented and innovative technologies, Biocept delivers clinically relevant prognostic and predictive assessments to physicians, aiding in the treatment course for cancer patients. Their key offering, the Target Selector™ technology, is renowned for its ability to consistently capture extremely rare cells, which may be found in as few as 1 in 50-100 billion blood cells. This technology allows for precise biomarker analysis, assisting in better disease management and treatment decisions.
Beyond direct patient services, Biocept extends its expertise to other laboratory testing providers, academic institutions, research organizations, and biopharmaceutical companies. They play a vital role in clinical trial support, contributing to the development of new cancer therapies.
Biocept’s recent achievements highlight their commitment to innovation and excellence in oncology diagnostics. The company continually strives to expand its technological capabilities and partnerships, ensuring the delivery of high-quality diagnostics solutions to the oncology community.
Biocept, Inc. (Nasdaq: BIOC) has granted stock options to purchase 38,250 shares of common stock to six new employees. These options, with an exercise price of $6.03 per share, are in compliance with Nasdaq Listing Rule 5635(c)(4) and vest over four years. Biocept, known for its molecular diagnostic assays for various cancers and COVID-19 testing, aims to leverage its proprietary technology for better patient treatment and monitoring.
Biocept (Nasdaq: BIOC) has entered a supply agreement with Aegea Biotechnologies for a new PCR-based COVID-19 assay kit, co-developed to enhance diagnostics. The assay features proprietary Switch-Blocker technology for precise viral RNA detection and may identify SARS-CoV-2 variants. Aegea will supply the kit for validation in Biocept's certified lab, aiming for commercialization. The test is expected to support healthcare providers by quantifying viral load and detecting asymptomatic carriers, thus expanding Biocept's COVID-19 testing capabilities.
Biocept, Inc. (Nasdaq: BIOC) has partnered with Protean BioDiagnostics to research the effectiveness of Biocept's Target Selector™ molecular assay in identifying EGFR status in non-small cell lung cancer (NSCLC) patients. This collaboration aims to validate a laboratory developed test (LDT) based on Biocept's technology. The Target Selector assay requires significantly less tumor input, potentially enhancing patient qualification for targeted therapies. Biocept's assays have proven reliable for detecting critical oncogenic mutations, thereby aiding personalized treatment plans.
Biocept, Inc. (Nasdaq: BIOC) announced data from its Target Selector™ molecular assay kit, demonstrating detection of mutations in 50% of non-small cell lung cancer tissue biopsy specimens previously deemed quantity not sufficient (QNS). The findings will be presented at the Molecular Med Tri-Con Virtual Conference. The assay's ultra-high sensitivity and patented Switch-Blocker technology show promise in addressing challenges in molecular diagnostics, particularly for biopsies with insufficient material. Biocept's assays aim to guide treatment decisions by identifying critical mutations in tumors.
Biocept, Inc. (Nasdaq: BIOC) has received over 250,000 samples for COVID-19 testing at its CLIA-certified laboratory, with nearly 55,000 samples processed in 2021 alone. The company emphasizes rapid processing, delivering most results within 48 hours. They expect COVID-19 RT-PCR testing to remain a significant part of their business until the pandemic ends. Biocept specializes in molecular diagnostics for various cancers using its proprietary liquid biopsy technology, providing actionable insights to physicians for patient treatment.
Biocept, Inc. (Nasdaq: BIOC) has granted inducement stock options totaling 86,720 shares to five new employees, effective January 31, 2021. The options have an exercise price of $5.87 per share, based on the closing stock price on January 29, 2021. They are non-qualified options with a ten-year term and a four-year vesting schedule, contingent upon continued employment. Biocept specializes in molecular diagnostics for various cancers, utilizing its proprietary liquid biopsy technology to assist in treatment decisions and patient monitoring. For more details, visit www.biocept.com.
Biocept, Inc. (Nasdaq: BIOC) reports on its strategic priorities for 2021, focusing on enhancing its oncology testing capabilities, particularly with its Target Selector™ CSF assays. These assays aim to improve the diagnosis and monitoring of central nervous system metastases, a growing market with over 100,000 U.S. patients diagnosed annually. The company also continues to support COVID-19 testing, surpassing previous revenue records due to this demand. Key collaborations, such as with Highmark Health, and advancements in molecular diagnostics position Biocept for future growth.
Biocept (Nasdaq: BIOC) announced that President and CEO Michael Nall will present at the H.C. Wainwright Virtual BioConnect Conference from January 11-14, 2021. The presentation will be available on the Investor Relations section of the Biocept website starting at 6:00 a.m. Eastern time on January 11. Additionally, Nall will participate in a diagnostics panel discussion on January 12, 2021, at 12:00 p.m. Eastern time, hosted by former FDA Commissioner Scott Gottlieb.
Biocept, Inc. (Nasdaq: BIOC) has granted inducement stock options for 83,120 shares to 14 new employees, effective December 31, 2020. The options, with an exercise price of $4.44 per share, comply with Nasdaq Listing Rule 5635(c)(4). These non-qualified stock options will vest over four years, with 25% vesting on the first anniversary and the remaining 75% vesting monthly thereafter. Biocept, specializing in molecular diagnostics, uses its proprietary technology to aid in cancer detection and monitoring, and is also involved in COVID-19 PCR testing.
Biocept, Inc. (Nasdaq: BIOC) has established laboratory services agreements with two independent physician associations (IPAs) in San Diego, serving over 70,000 patients in Southern California. These agreements will allow IPAs to access Biocept's Target Selector™ liquid biopsy oncology assays, aimed at improving patient care through evidence-based results. CEO Michael Nall emphasized the importance of contracting with value-based providers to enhance cost-effective healthcare delivery, indicating plans for additional agreements in the future.
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