News Article

PE-backed Biocept raises $19 mln for IPO
Date: Feb 04, 2014
Author: Iris Dorbian
Source: Reuters ( click here to go to the source)

Featured firm in this article: Biocept Inc of San Diego, CA

Biocept, Inc., an oncology diagnostics company focused on improving individual patient treatment, today announced the pricing of its initial public offering of 1,900,000 shares of its common stock offered at a price to the public of $10.00 per share. The gross proceeds to Biocept from the initial public offering are expected to be $19,000,000, before underwriting discounts and commissions and other offering expenses. Biocept has granted the representative of the underwriters a 45-day option to purchase up to 285,000 additional shares of common stock to cover over-allotments, if any. The shares are expected to begin trading on the NASDAQ Capital Market under the symbol "BIOC" on February 5, 2014 and the offering is expected to close on February 10, 2014, subject to customary closing conditions. Aegis Capital Corp. and Feltl and Company, Inc. are acting as joint book-running managers for the offering.

MLV & Co. LLC is acting as a co-manager for the offering.

About Biocept
Biocept, Inc., headquartered in San Diego, California, is a commercial stage oncology diagnostics company focused on providing information on patients' tumors to physicians using its technology platforms to help improve individual patient treatment. Biocept has developed technology platforms for capture and analysis of circulating tumor cells and circulating tumor DNA utilizing a standard blood sample to provide physicians with important prognostic and predictive information to enhance individual treatment of their patients with cancer. Biocept currently offers its OncoCEE-BR™ test for breast cancer and plans to introduce tests for other solid tumors.