Close Menu

NEW YORK ─ Piper Sandler on Tuesday downgraded OncoCyte to Neutral from Overweight and reduced its share-price target to $1.50 from $7.50 due to unsuccessful results of a clinical validation study for the molecular diagnostics firm's DetermaDx liquid biopsy test for lung cancer.

OncoCyte said on Monday that DetermaDx's performance did not meet the predetermined endpoints for the study and that it will cease further investment in DetermaDx and focus on two more advanced commercial tests, DetermaRx and DetermaIO.

To read the full story....

...and receive Daily News bulletins.

Already have a 360Dx or GenomeWeb account?
Login Now.

Don't have a 360Dx or GenomeWeb account?
Register for Free.