OncoCyte Corp (OCX)

[DMOST]

OCX Share offering done.....

Now what

The company thinks annual DetermaVu revenue can reach $2.1 billion as a test for patients with large nodules that show up on CT scans, and $4.7 billion if expanded to include medium-size growths as well. The company has another validation study to complete later this year and expects to launch DetermaVu in the second half if all goes according to plan. In recent years, the FDA has threatened to crack down on new lab tests that heavily influence treatment decisions, and the agency could decide DetermaVu needs to jump through a lot more regulatory hoops than expected.

Full-scale clinical trials to please the FDA would cause expenses to explode for OncoCyte, but investors need to brace for a secondary share offering even if all goes according to plan. OncoCyte finished September with just $11.8 million in cash after losing $11.2 million during the first nine months of 2018.
https://finance.yahoo.com/news/apos-why-oncocyte-giving-back-171500642.html

GO OCX

"PEACE"