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DanWebzster

07/07/20 3:01 AM

#384 RE: DanWebzster #382

OCX future rides on Lung Cancer diagnostic adoption.

At PPS > 1.30 MC ~ 96M

6/29 DetermaDx failed the final clinical test in a series of much hyped validation procedures.

2 viable products remain:

* DetermaRx diagnoses lung cancer using a simple blood test. It
has already been approved by Centers for Medicare/Medicaid Services (cms) CMS reimburses 70% of approved cost. Earning potential could be up to $500M pa. Conservatively, 2021 revenue is estimated to exceed $30M

* DetermaI/O identifies the approximate 30% of cancer patients who
are eligible for immune therapy. It is presently used in research
settings.

As of 4/31/20 Cash = 27.6M
Burn rate is expected to be ~6.0M per Q for remainder or 2020.