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NEW YORK (GenomeWeb) – Shares of Biocept spiked nearly 90 percent on Monday after the company announced that it had commercially launched its Target Selector NGS Lung Panel assay.

In afternoon trading on Nasdaq, the San Diego-based company's shares were trading at $1.58 compared to Friday's closing price of $.82, as trading volume increased more than 30-fold to about 66 million shares from an average daily volume of 1.9 million shares.

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