Biocept Announces Agreement with Teneovita Medical to Market and Distribute its Liquid Biopsy Testing Platform in Canada

SAN DIEGO, Aug. 30, 2016 /PRNewswire/ -- Biocept, Inc. (NASDAQ: BIOC), a molecular diagnostics company commercializing and developing blood-based liquid biopsies to provide information to physicians to improve the diagnosis and treatment of cancer, announces a preferred provider agreement with Teneovita Medical, a division of Teneovita Medical Innovations, Inc. Under the agreement, Teneovita will market and distribute Biocept's Target Selector™ liquid biopsy testing services to major cancer hospitals, individual oncology practices, and integrative oncology centers.

"With a focus on cancer solutions, Teneovita Medical is an ideal distributor to make our full range of liquid biopsy tests accessible to physicians and their patients across Canada," said Michael Nall, President and CEO of Biocept. "In addition to the U.S. market, our liquid biopsy assays are now available in Israel, Mexico, the Philippines and Canada, and we continue to work toward expanding our market presence around the world."  

"Adding cutting-edge liquid biopsy tests to our portfolio aligns with our focus on bringing innovative products to our hospital and physician customers," said Mark Elderfield, Chief Executive Officer of Teneovita Medical Innovations, Inc.  "Biocept's testing platform has the ability to rapidly and accurately detect the presence of actionable cancer-associated biomarkers without the need for an invasive tissue biopsy, and can provide critical information to help oncologists make treatment decisions and monitor patients. We are extremely pleased to offer this important service to our healthcare providers and their patients." 

About Teneovita Medical

Teneovita Medical Innovations, Inc. is a healthcare solutions provider of innovative cancer care technologies.  Founded in 2011 and headquartered in Vancouver, British Columbia, Teneovita works in collaboration with accomplished medical professionals to drive impactful and sustainable improvements to healthcare operations and clinical performance.

About Biocept

Biocept, Inc. is a molecular diagnostics company with commercialized assays for lung, breast, gastric, colorectal and prostate cancers, and melanoma.  The Company uses its proprietary liquid biopsy technology to provide physicians with information for treating and monitoring patients diagnosed with cancer. The Company's patented Target Selector™ liquid biopsy technology platform captures and analyzes tumor-associated molecular markers in both circulating tumor cells (CTCs) and in plasma (ctDNA). With thousands of tests performed, the platform has demonstrated the ability to identify cancer mutations and alterations to inform physicians about a patient's disease and therapeutic options. For additional information, please visit www.biocept.com.

Forward-Looking Statements Disclaimer Statement

This release contains forward-looking statements that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although we believe that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, we can give no assurance that such expectations and assumptions will prove to have been correct. Forward-looking statements are generally identifiable by the use of words like "may," "will," "should," "could," "expect," "anticipate," "estimate," "believe," "intend," or "project" or the negative of these words or other variations on these words or comparable terminology. To the extent that statements in this release are not strictly historical, including without limitation statements as to our ability to improve the diagnosis and treatment of cancer, our ability to expand our market presence around the world, and our ability to continue the growth and commercialization of our liquid biopsy testing services, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous risk factors as set forth in our Securities and Exchange Commission (SEC) filings. The effects of such risks and uncertainties could cause actual results to differ materially from the forward-looking statements contained in this release. We do not plan to update any such forward-looking statements and expressly disclaim any duty to update the information contained in this press release except as required by law. Readers are advised to review our filings with the SEC, which can be accessed over the Internet at the SEC's website located at www.sec.gov.

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SOURCE Biocept, Inc.