$CYTR,,,GREAT ARTICLE,,,I am looking forward to AS
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Posted On: 06/03/2017 7:05:43 AM
$CYTR,,,GREAT ARTICLE,,,I am looking forward to ASCO as I have stock in several companies which will be presenting. I plan to add to my position in this company 5x.
HC Stocks Broker Alerts-) Biocept Inc (BIOC), CytRx Corporation (NASDAQ:CYTR)
Shares of Biocept Inc (NASDAQ:BIOC) decreased -2.67% and closed at $1.46 after opening 1.50 with the overall traded volume of 257,109.00 illion shares. The company’s Market capitalization reached to $39.36 million, $26.60 million outstanding shares. Its low price was $1.46 and the highest price was $1.50.
Biocept Inc (BIOC) on May 22, 2017 announced that it has been awarded U.S. Patent No. 9671407, entitled DEVICES AND METHODS OF CELL CAPTURE AND ANALYSIS. The patent covers the broad use of antibodies for the capture of any target of interest on any solid surface from any sample type. Targets of interest include, but are not limited to, circulating tumor cells (CTCs), sub-cellular vesicles, and exosomes shed by solid tumors into the bloodstream.
Biocept now has 20 issued patents in the U.S. and key international territories. The newly issued patent complements the Company’s intellectual property around its proprietary microchannel platform for the ability to capture and interrogate a wide range of biologic targets of interest.
“The granting of this patent significantly expands Biocept’s intellectual property rights regarding the use of ‘cocktails’ of antibodies for the capture of any target of interest,” said Lyle Arnold, Ph.D., Chief Scientific Officer at Biocept. “The expansion of this platform complements nicely with Biocept’s circulating tumor DNA (ctDNA) platform and allows us to provide an expanded set of biomarker content to aid physicians in making optimal treatment decisions for their cancer patients.”
Michael Nall, Biocept’s President and CEO, added, “Obtaining new intellectual property distinguishes our platform’s unique and novel features and, in this case, we believe it offers the potential to drive additional value given the broad implications of this patent. We continue to execute on our business plan, as we leverage our proprietary liquid biopsy technology to help physicians obtain actionable biomarker information to improve treatment pathways and patient outcomes.”
Shares of CytRx Corporation (NASDAQ:CYTR) decreased -3.19% and closed at $0.850 after opening 0.87 with the overall traded volume of 10.55 million shares. The company’s Market capitalization reached to $127.50 million, $152.05 million outstanding shares. Its low price was $0.80 and the highest price was $0.88.
CytRx Corporation (CYTR) announced the presentation of two abstracts at the 2017 American Society of Clinical Oncology (ASCO) Annual Meeting, taking place June 2-6, 2017 in Chicago. The first is an oral presentation featuring updated and more detailed results from the Company’s global Phase 3 clinical trial evaluating aldoxorubicin versus investigator’s choice in patients with relapsed and refractory soft tissue sarcomas (STS). The other is a poster presentation describing updated data from an ongoing Phase 1/2 clinical trial combining aldoxorubicin with ifosfamide/mesna (I-M) in first- and second-line STS.
“In addition to the significantly prolonged progression-free survival achieved by both North American and L-sarcoma patients, the data presented at ASCO this year demonstrate that, unlike any other drugs in this class, aldoxorubicin can be dosed continuously with minimal to no cardiotoxicity,” commented Sant Chawla, M.D., F.R.A.C.P., Director of the Sarcoma Oncology Center in Santa Monica, California, and Principal Investigator for the Phase 3 trial. “Another distinct advantage is its ability to be administered to patients who have already been treated with doxorubicin. Taken together, these findings support aldoxorubicin’s potential as a superior anthracycline treatment for patients suffering with these highly complex and difficult to treat types of cancer.”
Daniel Levitt, M.D., Ph.D., Chief Operating Officer and Chief Medical Officer of CytRx, commented, “The data from both of these important clinical trials evaluating aldoxorubicin in sarcomas, along with our several other completed clinical and preclinical studies, will form the basis of our planned New Drug Application submission to the U.S. Food and Drug Administration, and we are pleased to share these more mature and detailed results in this peer-reviewed forum with the medical and scientific communities.”
HC Stocks Broker Alerts-) Biocept Inc (BIOC), CytRx Corporation (NASDAQ:CYTR)
Shares of Biocept Inc (NASDAQ:BIOC) decreased -2.67% and closed at $1.46 after opening 1.50 with the overall traded volume of 257,109.00 illion shares. The company’s Market capitalization reached to $39.36 million, $26.60 million outstanding shares. Its low price was $1.46 and the highest price was $1.50.
Biocept Inc (BIOC) on May 22, 2017 announced that it has been awarded U.S. Patent No. 9671407, entitled DEVICES AND METHODS OF CELL CAPTURE AND ANALYSIS. The patent covers the broad use of antibodies for the capture of any target of interest on any solid surface from any sample type. Targets of interest include, but are not limited to, circulating tumor cells (CTCs), sub-cellular vesicles, and exosomes shed by solid tumors into the bloodstream.
Biocept now has 20 issued patents in the U.S. and key international territories. The newly issued patent complements the Company’s intellectual property around its proprietary microchannel platform for the ability to capture and interrogate a wide range of biologic targets of interest.
“The granting of this patent significantly expands Biocept’s intellectual property rights regarding the use of ‘cocktails’ of antibodies for the capture of any target of interest,” said Lyle Arnold, Ph.D., Chief Scientific Officer at Biocept. “The expansion of this platform complements nicely with Biocept’s circulating tumor DNA (ctDNA) platform and allows us to provide an expanded set of biomarker content to aid physicians in making optimal treatment decisions for their cancer patients.”
Michael Nall, Biocept’s President and CEO, added, “Obtaining new intellectual property distinguishes our platform’s unique and novel features and, in this case, we believe it offers the potential to drive additional value given the broad implications of this patent. We continue to execute on our business plan, as we leverage our proprietary liquid biopsy technology to help physicians obtain actionable biomarker information to improve treatment pathways and patient outcomes.”
Shares of CytRx Corporation (NASDAQ:CYTR) decreased -3.19% and closed at $0.850 after opening 0.87 with the overall traded volume of 10.55 million shares. The company’s Market capitalization reached to $127.50 million, $152.05 million outstanding shares. Its low price was $0.80 and the highest price was $0.88.
CytRx Corporation (CYTR) announced the presentation of two abstracts at the 2017 American Society of Clinical Oncology (ASCO) Annual Meeting, taking place June 2-6, 2017 in Chicago. The first is an oral presentation featuring updated and more detailed results from the Company’s global Phase 3 clinical trial evaluating aldoxorubicin versus investigator’s choice in patients with relapsed and refractory soft tissue sarcomas (STS). The other is a poster presentation describing updated data from an ongoing Phase 1/2 clinical trial combining aldoxorubicin with ifosfamide/mesna (I-M) in first- and second-line STS.
“In addition to the significantly prolonged progression-free survival achieved by both North American and L-sarcoma patients, the data presented at ASCO this year demonstrate that, unlike any other drugs in this class, aldoxorubicin can be dosed continuously with minimal to no cardiotoxicity,” commented Sant Chawla, M.D., F.R.A.C.P., Director of the Sarcoma Oncology Center in Santa Monica, California, and Principal Investigator for the Phase 3 trial. “Another distinct advantage is its ability to be administered to patients who have already been treated with doxorubicin. Taken together, these findings support aldoxorubicin’s potential as a superior anthracycline treatment for patients suffering with these highly complex and difficult to treat types of cancer.”
Daniel Levitt, M.D., Ph.D., Chief Operating Officer and Chief Medical Officer of CytRx, commented, “The data from both of these important clinical trials evaluating aldoxorubicin in sarcomas, along with our several other completed clinical and preclinical studies, will form the basis of our planned New Drug Application submission to the U.S. Food and Drug Administration, and we are pleased to share these more mature and detailed results in this peer-reviewed forum with the medical and scientific communities.”
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