OncoCyte Confirms Launch Plans For Lung Cancer Diagnostic Test; Reports Progress Toward CLIA Lab Licensing And Second Quarter 2017 Financial Results

- Introduces Lung Cancer Diagnostic Branding-

-Conference Call Today at 4:30 pm ET-

ALAMEDA, Calif., Aug. 14, 2017 (GLOBE NEWSWIRE) -- OncoCyte Corporation (NYSE MKT:OCX), a developer of novel, non-invasive tests for the early detection of cancer, today reported the following developments:

• Financial results for the quarter ended June 30, 2017,
• Planned expansion of the senior management team by adding a Vice President of Sales and full time Chief Financial Officer,
• Branding for its lung cancer diagnostic test, and
• Progress toward CLIA lab licensing.

OncoCyte announced that it is planning to expand its senior management team. The Company is now in the final stages of hiring a Vice President of Sales. If hired, this individual will bring many years of sales and marketing leadership within the healthcare industry at leading diagnostic companies. In addition, OncoCyte has begun the process of hiring a full time Chief Financial Officer.

The Company has selected the name DetermaVu™ for its lung cancer test, a name that directly speaks to how the test will assist clinicians in determining the next steps for their patients by providing information that is not available by using only the current standard of care, a low-dose CT scan.

OncoCyte also announced that its clinical laboratory has passed the required review and inspection by the California Department of Public Health Laboratory Field Services for State Clinical Laboratory licensing and CLIA certification. OncoCyte expects to receive its California State Clinical Laboratory license and CLIA Certificate in the coming weeks.