Shares of Biocept (NASDAQ: BIOC) are up more than 6%, continuing a pre-bell rally on news that the commercial provider of liquid biopsy tests designed to ultimately improve the outcomes of cancer patients was awarded U.S. Patent No. 9671407, entitled DEVICES AND METHODS OF CELL CAPTURE AND ANALYSIS. The patent – the company’s 20th issued patent in the U.S. and key international territories – covers the broad use of antibodies for the capture of any target of interest on any solid surface from any sample type. Targets of interest include, but are not limited to, circulating tumor cells (CTCs), sub-cellular vesicles, and exosomes shed by solid tumors into the bloodstream. “The granting of this patent significantly expands Biocept’s intellectual property rights regarding the use of ‘cocktails’ of antibodies for the capture of any target of interest,” Lyle Arnold, Ph.D., chief scientific officer at Biocept, stated in the news release. “The expansion of this platform complements nicely with Biocept’s circulating tumor DNA (ctDNA) platform and allows us to provide an expanded set of biomarker content to aid physicians in making optimal treatment decisions for their cancer patients.” Shares of Biocept are moving on volume of approximately 5.8 million compared to average volume of under 1 million shares.
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Biocept, Inc. is a molecular diagnostics company with commercialized assays for lung, breast, gastric, colorectal and prostate cancers, and melanoma. The Company uses its proprietary liquid biopsy technology to provide physicians with clinically actionable information for treating and monitoring patients diagnosed with cancer. The Company’s patented Target Selector™ liquid biopsy technology platform captures and analyzes tumor-associated molecular markers in both circulating tumor cells (CTCs) and in circulating tumor DNA (ctDNA). With thousands of tests performed, the platform has demonstrated the ability to identify cancer mutations and alterations to inform physicians about a patient’s disease and therapeutic options. For additional information, please visit www.biocept.com.
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