OncoCyte Corporation Initiates Trading on the NYSE MKT
05 January 2016 - 1:48AM
Company’s Common Stock Listed Under the Symbol
“OCX” beginning January 4, 2016
OncoCyte Corporation (NYSE MKT:OCX), a company focused on
non-invasive cancer diagnostics, announced that its common stock is
now trading on the NYSE MKT under the symbol “OCX.” The
Company will ring the New York Stock Exchange Opening Bell on
Wednesday, January 6, 2016 in celebration of it becoming a publicly
traded company. A live webcast of the Opening Bell ceremony, will
be available at https://livestream.com/NYSE/oncocyte
beginning at 9:25 a.m. ET.
“OncoCyte is positioned to capitalize on liquid
biopsy molecular diagnostics evolving to become the standard of
care for a wide variety of diseases and conditions,” commented
William Annett, Chief Executive Officer of OncoCyte.
“Becoming a publicly traded company is a key milestone in our
development. We will continue to leverage the team’s
diagnostics, commercial and public company expertise to achieve
significant milestones in 2016 with the goal of maximizing
shareholder value. These milestones will include preparation for
the commercial launch of our first product, which subject to the
successful completion of our R&D program will be a confirmatory
diagnostic test for lung cancer.”
On December 31, 2015, BioTime, Inc. (NYSE
MKT:BTX), distributed approximately 4.75 million shares of OncoCyte
common stock to its shareholders in the ratio of one share of
OncoCyte common stock for every 20 BioTime common shares
owned. There are now approximately 25.4 million shares
outstanding of OncoCyte, of which BioTime owns 58.55%.
OncoCyte’s management team will publish a webcast presentation
reviewing the Company’s strategies and opportunities on Tuesday,
January 5th at 4 p.m. ET. To access the webcast go the
“Events & Presentations” section located in the Company’s
website on the Investors page at
http://investors.oncocyte.com/events-and-presentations or to
http://wsw.com/webcast/cc/oncocyte/
A replay of the event can be accessed on the
website and will remain available for a year.
About OncoCyte Corporation
OncoCyte is primarily focused on the development of novel,
non-invasive blood and urine (“liquid biopsy”) diagnostic
tests for the early detection of cancer to improve health outcomes
through early diagnoses, to reduce the cost of care through the
avoidance of more costly diagnostic procedures, including invasive
biopsy and cystoscopic procedures, and to improve the quality of
life for cancer patients.
While current biopsy tests use invasive surgical procedures to
provide tissue samples in order to determine if a tumor is benign
or malignant, OncoCyte is developing a next generation of
diagnostic tests that will be liquid biopsies using blood or urine
samples. OncoCyte’s initial liquid biopsy tests under development
are intended to be confirmatory diagnostics for detecting lung,
bladder and breast cancer. OncoCyte’s diagnostic tests are being
developed using proprietary sets of genetic and protein markers
broadly expressed in numerous types of cancer.
For more information about OncoCyte, please visit
www.OncoCyte.com.
Forward-Looking Statements
Statements pertaining to future financial and/or operating
results, future growth in research, technology, clinical
development, and potential opportunities for OncoCyte, along with
other statements about the future expectations, beliefs, goals,
plans, or prospects expressed by management constitute
forward-looking statements. Any statements that are not historical
fact (including, but not limited to statements that contain words
such as “will,” “believes,” “plans,” “anticipates,” “expects,”
“estimates”) should also be considered to be forward-looking
statements. Forward-looking statements involve risks and
uncertainties, including, without limitation, risks inherent in the
development and/or commercialization of potential diagnostic tests
or products, uncertainty in the results of clinical trials or
regulatory approvals, need and ability to obtain future capital,
and maintenance of intellectual property rights. Actual results may
differ materially from the results anticipated in these
forward-looking statements and as such should be evaluated together
with the many uncertainties that affect the business of OncoCyte,
particularly those mentioned in the cautionary statements found in
OncoCyte’s Securities and Exchange Commission filings. OncoCyte
disclaims any intent or obligation to update these forward-looking
statements.
Contact:
EVC Group, Inc.
Michael Polyviou/Chris Dailey
646-445-4800
mpolyviou@evcgroup.com /cdailey@evcgroup.com
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