Biocept shares climb after getting Japanese patent for rare cancer detection technology
Biocept Inc (NASDAQ:BIOC) shares climbed Thursday after the company announced it has been granted a Japanese patent for its Swift-Blocker technology used in detecting rare cancers.
“This latest patent further expands the global intellectual property position for Biocept’s rare mutation detection technology, which already includes patents in the US, China, Australia, and Europe,” said Lyle Arnold, Biocept’s chief scientific officer.
“Our Switch-Blocker technology enables the ultra-sensitive detection of rare genetic events, and is particularly useful for detecting and monitoring rare cancer-associated mutations and alterations for use in Biocept’s liquid biopsy assays. This technology works with Biocept’s other technologies for blood collection and CTC capture and analysis,” Arnold added.
Shares of Biocept gained 7.2% in New York to trade at $2.37, having risen earlier in the session by 30.8% to a session high of $2.89.
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Biocept president and CEO Michael Nall said the patent will allow the company to develop a major market such as Japan’s.
“We now have 30 issued patents for our core technologies, and we intend to leverage our intellectual property position in new territories as opportunities arise,” he said.
Biocept is a molecular diagnostics company with commercialized assays for lung, breast, gastric, colorectal and prostate cancers, and melanoma. Its liquid biopsy technology provides physicians with clinically actionable information for treating and monitoring patients diagnosed with cancer.
The company is based in San Diego, California.
Reporting by Rene Pastor, contactable on [email protected]
Story by ProactiveInvestors
Source: https://www.proactiveinvestors.com/companies/news/207404/biocept-shares-climb-after-getting-japanese-patent-for-rare-cancer-detection-technology-207404.html
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