Oncocyte Shares Drop 11% After Marketing Deal With Thermo Fisher
January 19 2022 - 10:28AM
Dow Jones News
By Chris Wack
Oncocyte Corp. shares fell 11% to $1.95 after the company said
it was in a development and co-marketing agreement for two
distributed in vitro diagnostic assays on Thermo Fisher
Scientific's Ion Torrent Genexus System.
The company said the agreement grants Oncocyte rights to develop
future companion diagnostics on the Genexus System.
Under the terms of the collaboration, Oncocyte will clinically
validate Thermo Fisher's existing Oncomine Comprehensive Assay Plus
on the Genexus System, working toward IVD clearance for use in
tumor profiling and future submissions as a companion
diagnostic.
Oncocyte shares ended Tuesday's session up 16%, and hit their
52-week low of $1.80 on Jan. 14.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
January 19, 2022 10:13 ET (15:13 GMT)
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