Full Press Release Details
to Begin Trading on the Nasdaq Stock Market on March 8, 2021
Calif., Feb. 23, 2021 - Oncocyte Corporation (NYSE American: OCX), a molecular diagnostics company with a mission to
provide actionable answers at critical decision points across the cancer care continuum, has been approved for listing on the
Nasdaq Global Market. The Company's shares will continue to trade under its current symbol, "OCX," with trading
on Nasdaq expected to commence at the open of market on Monday, March 8, 2021. Oncocyte's shares will continue to trade
on the NYSE American Exchange until the close of trading on Friday, March 5, 2021.
on the Nasdaq, a market known as the home of innovative and growing global companies, is an important milestone for our company,"
said Ron Andrews, Chief Executive Officer of Oncocyte. "As we continue our growth, we believe there are many potential benefits
of listing on this well-respected global market, including increased visibility, better market liquidity, exposure to more institutional
investors, and ultimately improved shareholder value. Also, the prospect of being included in one or more Nasdaq healthcare indexes
is another significant potential advantage of listing."
Oncocyte Corporation
is a molecular diagnostics company whose mission is to provide actionable answers at critical decision points across the cancer
care continuum. The Company, through its proprietary tests and pharmaceutical services business, aims to help save lives and improve
outcomes by accelerating and optimizing the diagnosis and treatment of cancer. The Company's tests and services present
multiple opportunities to advance cancer care while also driving revenue growth for the Company. Oncocyte recently launched DetermaRx ,
a test that identifies early-stage lung cancer patients who are at high risk for cancer recurrence post-resection and predicts
benefit from adjuvant chemotherapy. Oncocyte has also launched DetermaIO , a gene expression test that assesses the tumor
microenvironment to predict response to immunotherapies, as a research use only tool for pharmaceutical and academic clinical
trials. To complement DetermaIO, the Company anticipates launching DetermaTx , a test to assess mutational status of a tumor
to help identify the appropriate targeted therapy, in the second half of 2021. The Company also plans to continue with the development
of DetermaMx as it seeks to expand into the blood-based monitoring market. Oncocyte's pharmaceutical services provide
pharmaceutical companies who are developing new cancer treatments a full suite of molecular testing services to support the drug
development process.
DetermaIO, DetermaMx, and DetermaTx are trademarks of Oncocyte Corporation.
Forward Looking Statements
cautions you that this press release contains 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," "may," and similar expressions) are forward-looking statements. These
statements include those pertaining to the potential benefits of listing on the Nasdaq Global Market, unexpected delays, unexpected
expenditures, indemnities or other liabilities, or other unanticipated difficulties resulting from technology transfers, commercial
plans, invalidation, termination or reduction of any licensed intellectual property rights, or infringement of third party intellectual
property rights, acquisitions, implementation and results of research, development, clinical trials and studies, commercialization
plans, future financial and/or operating results, and future opportunities for Oncocyte or any distributor, along with other statements
about the future expectations, beliefs, goals, plans, or prospects expressed by management. Forward-looking statements involve
risks and uncertainties, including, without limitation, the potential impact of COVID-19 on our or any distributor's financial
and operational results, risks inherent in the development and/or commercialization of potential diagnostic tests or products,
uncertainty in the results of clinical trials or regulatory approvals, the capacity of our third-party supplied blood sample analytic
system to provide consistent and precise analytic results on a commercial scale, potential interruptions to our or any distributor's
supply chain, the need and ability to obtain future capital, maintenance of intellectual property rights in all applicable jurisdictions,
and the need to obtain third party reimbursement for patients' use of any diagnostic tests we commercialize in applicable
jurisdictions, and risks inherent in strategic transactions such as failure to realize anticipated benefits, legal, regulatory
or political changes in the applicable jurisdictions, accounting and quality controls, greater than estimated allocations of resources
to develop and commercialize technologies, or failure to maintain any laboratory accreditation or certification. Actual results
may differ materially from the results anticipated in these forward-looking statements and accordingly such statements should
be evaluated together with the many uncertainties that affect the business of Oncocyte, particularly those mentioned in the "Risk
Factors" and other cautionary statements found in Oncocyte's Securities and Exchange Commission filings, which are
available from the SEC's website. You are cautioned not to place undue reliance on forward-looking statements, which speak
only as of the date on which they were made. Oncocyte undertakes no obligation to update such statements to reflect events that
occur or circumstances that exist after the date on which they were made, except as required by law.