Biocept Secures Agreement with FedMed

More than 40 million Americans gain access to Biocept's liquid biopsy tests through the FedMed National Provider Network

Biocept increases coverage to more than 180 million PPO consumers

Mar 09, 2016, 07:00 ET from Biocept, Inc.

SAN DIEGO, March 9, 2016 /PRNewswire/ -- Biocept, Inc. (NASDAQ: BIOC), a molecular diagnostics company commercializing and developing assays for liquid biopsies to improve the detection and treatment of cancer, announces an agreement with preferred provider organization (PPO) network FedMed. FedMed members now have improved network access to Biocept's proprietary Target Selector™ liquid biopsy testing. 

FedMed was founded in 2000 with corporate headquarters located in Gaithersburg, Maryland. FedMed operates a proprietary PPO consisting of more than 550,000 physicians, 4,000 hospitals and 60,000 ancillary care providers nationwide. More than 40 million Americans currently have access to FedMed's National Provider Network.

"With the expansion and progress in precision medicine and molecular diagnostic testing, we are pleased to offer Biocept's liquid biopsy testing to our Payors," stated Brian Moffitt, Managing Director of FedMed.

"Our highly sensitive and highly specific assays that can profile cancer-associated biomarkers from a blood sample demonstrate a clear advancement in the move to precision medicine," said Biocept's President and CEO, Michael W. Nall. "Detecting the presence of these cancer-associated biomarkers can assist and guide physicians in making personalized treatment decisions for their patients with cancer in order to positively impact outcomes."

"Our Target Selector™  assays may provide biomarker status information that was previously not available due to inadequate tissue samples. These patients are often too sick to obtain the necessary tissue using a surgical biopsy method," said Amy McNeal, Biocept's Senior Director of Strategic Reimbursement. "In addition, liquid biopsy testing allows physicians to monitor response to treatment as well as progression of disease from a simple blood draw."

About Biocept Biocept, Inc. is a commercial-stage molecular diagnostics company that utilizes a proprietary technology platform and a standard blood sample to provide physicians with important prognostic and predictive information to enhance individual treatment of patients with cancer. Biocept's patented technology platform captures and analyzes circulating tumor DNA, both in circulating tumor cells (CTCs) and in plasma (ctDNA). Biocept currently offers assays for gastric cancer, breast cancer, lung cancer, colorectal cancer, prostate cancer and melanoma, and plans to introduce CLIA-validated assays for other solid tumors in the near term. For additional information, please visit

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SOURCE Biocept, Inc.