Biocept Inc. ($BIOC) recently released its third-quarter results, which showed that revenue had quadrupled year-over-year (revenues of $6.6 million). This was explained by analysts on the basis of a strategically strong move by offering a molecular diagnostics to test the coronavirus (RT-PCR test).
Offering COVID-19 testing services has been the right choice and is expected to be an important part for Biocept as long as the pandemic is not fully under control. In addition, oncology remains on the agenda for a long-term focus, with the belief that the company wants to continue to develop and expand in a post-pandemic future.
The Biocept Target Selector Study
The Biocept Target Selector Study – a high-potential study that monitors tumor progression – will be presented at a major breast cancer conference on December 9, 2020. It concerns one in a poster presentation at the virtual San Antonio Breast Cancer Symposium (SABCS).
More specifically, the study monitors expression of the protein HER2 over time, providing a window on tumor progression. HER2 expression in matched metastatic tumor and circulating tumor cells (CTCs) in breast cancer: implications for HER2 status profiling and monitoring to help guide anti-HER2 therapy. About 20% of breast cancers test positive for the HER2 protein and during treatment and with disease progression, the HER2 receptor can be converted from positive to negative. It is important that more research is done on this, as one in eight women in the United States still develops breast cancer, despite the rapid and better early detection of breast cancer.
The problem is that once breast cancer has spread, it is difficult to access multiple metastatic sites or perform serial tissue biopsies to determine if HER2 conversion has occurred. This prospective study was designed to evaluate the use of liquid biopsy in comparison to tissue biopsy for analysis of HER2 status over time.
Biocept believes its tumor-detecting Target Selector platform can make a big difference to patients. The ability to monitor changes in tumor changes can provide clinicians with crucial information in reassessing options while treating patients with metastatic breast cancer.
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