Wednesday 19th of January 2022 12:52:08 PM

Following agreement with Thermo Fisher, Oncocyte shares plunge 24%

Businessman looking down at the falling red arrow destroying a Gearstd/iStock via Getty Images
  • Following an after-the-closing bell announcement yesterday of a development and co-marketing agreement with Thermo Fisher Scientific (TMO +0.7%), shares of Oncocyte (OCX -23.5%) fell sharply today.
  • The agreement involves in vitro diagnostic assays on Thermo Fisher Scientific’s Ion Torren Genexus System. Oncocyte has rights to develop future companion diagnostics on the Genexus System.
  • Oncocyte was up about 1% year to date before today's decline.
  • Last month, the company said one of its diagnostic tests is able to predict a patient's response to breast cancer immunotherapy.


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