Oncocyte Q1 Net Loss Widens, Company Continues to Expect Test Launch This Year

NEW YORK (GenomeWeb) – OncoCyte said today that its net loss rose about 60 percent in Q1 2017 compared to the same quarter in 2016, but it believes it is on track to launch its first test for lung cancer later this year.

The liquid biopsy firm’s net loss for the three months ended March 31, 2017 was $4.7 million, or $0.16 per share, compared to a loss of $2.9 million, or $0.12 per share, for the prior year’s first quarter.

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