Biocept’s Covid-19 Testing Capacity Puts It at the Head of the Pack [Yahoo! Finance News]
Biocept, Inc. (BIOC)
Last biocept, inc. earnings: 3/28 04:05 pm
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Source: Yahoo! Finance News
Unfortunately, the coronavirus isn’t going anywhere just yet, as the surge of infections in parts of the US shows no signs of slowing down. In many areas, the number of cases has continued to rise; Seven states — Arizona, Arkansas, California, North Carolina, South Carolina, Tennessee and TexasTo help in the battle against COVID-19, diagnostics specialist Biocept BIOCMaxim analystJason McCarthy“The availability of Biocept's collection kits comes at a crucial time when California is seeing a surge in COVID-19 cases as well as undergoing reopening. With the capacity to perform up to 2,000 tests per day, Biocept could play a role in the testing regimen for California,” said McCarthy.As far as the commercial opportunity is concerned, taking into consideration the $100 reimbursement from the Centers for Medicare & Medicaid Services CMS) for every test in labs with high throughput testing technology - for which Biocept qualifies - the 10,000 kits could represent revenue of $1 million. Howev
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