Oncocyte Appoints Dr. Paul Billings as Consulting Chief Medical Officer
January 08 2025 - 8:30AM
Oncocyte Corp. (NASDAQ: OCX), a diagnostics technology company,
announces the appointment of Dr. Paul Billings as the company’s
Consulting Chief Medical Officer. In this part-time role, he will
support a range of strategic and clinical goals for Oncocyte.
Dr. Billings is a recognized pioneer in genomics and precision
medicine with over 40 years of experience spanning academia,
government, and the biotechnology industry. He joins Oncocyte from
Biological Dynamics, where he served as CEO and Chairman, driving
innovation in exosome-based diagnostics for early cancer detection.
Previously, he served as Chief Medical Officer at Natera, Inc.,
during the commercialization phase of its blood test for kidney
transplant rejection as well as its cancer blood test that can
identify minimal residual disease. He has also been an advisor or a
physician leader with Laboratory Corporation of America Holdings,
Quest Diagnostics, Life Technologies Corp, Johnson & Johnson,
and Thermo Fisher Scientific, contributing to transformative
advances in molecular medicine.
“We are thrilled to welcome Dr. Billings to the Oncocyte team,”
said Josh Riggs, CEO of Oncocyte. “He is a legend in molecular
diagnostics with a proven track record of not only advancing
groundbreaking technologies but also bringing them to market and
making a tangible impact on patient care.”
“My interest is in individualizing care – in driving clinical
utility and better outcomes. Enabling hospitals and providers to do
the testing nearer to the patient, with quality and favorable
economics, will result in improved practice,” Dr. Billings said. “I
am honored to collaborate with this talented and passionate team in
bridging the gap between clinical innovation and the accessibility
of care.”
Dr. Billings holds M.D. and Ph.D. degrees in immunology from
Harvard University, with postgraduate training at the University of
Washington. He is board certified as an internal medicine and
medical genetics specialist. He has held academic positions at
Harvard, Stanford, and UC San Francisco, where he has mentored the
next generation of leaders in genetics and medicine. He has also
served on the Advisory Boards at the Food and Drug Administration
(FDA.) and the Department of Health and Human Services (HHS)
About OncocyteOncocyte is a leading diagnostics
technology company. The company’s tests are designed to help
provide clarity and confidence to physicians and their patients.
VitaGraft™ is a clinical blood-based solid organ transplantation
monitoring test. GraftAssure™ is a research use only (RUO)
blood-based solid organ transplantation monitoring test. DetermaIO™
is a gene expression test that assesses the tumor microenvironment
to predict response to immunotherapies. DetermaCNI™ is a
blood-based monitoring tool for monitoring therapeutic efficacy in
cancer patients. For more information about Oncocyte, please visit
https://oncocyte.com/. For more information about our products,
please visit the following web pages:
VitaGraft Kidney™ -
https://oncocyte.com/vitagraft-kidney/VitaGraft
Liver™ -
https://oncocyte.com/vitagraft-liver/GraftAssure™
-
https://oncocyte.com/graftassure/DetermaIO™
-
https://oncocyte.com/determa-io/DetermaCNI™
- https://oncocyte.com/determa-cni/
VitaGraft™, GraftAssure™, DetermaIO™, and DetermaCNI™ are
trademarks of Oncocyte Corporation.
CONTACT:Jeff RamsonPCG Advisory(646)
863-6893jramson@pcgadvisory.com
Forward-Looking StatementsAny statements that
are not historical fact (including but not limited to statements
that contain words such as “will,” “believes,” “plans,”
“anticipates,” “expects,” “estimates,” “may,” and similar
expressions) are forward-looking statements. These statements
include those pertaining to, among other things, Oncocyte’s
commercialization efforts and progress with respect to its
molecular diagnostic tests and its proprietary diagnostic
technology for use in organ transplant patients, the expectation of
successful commercialization and growth of the total addressable
market for VitaGraft Kidney, and other statements about the future
expectations, beliefs, goals, plans, or prospects expressed by
management. Forward-looking statements involve risks and
uncertainties, including, without limitation, risks inherent in the
development and/or commercialization of diagnostic tests or
products, uncertainty in the results of clinical trials or
regulatory approvals, the capacity of Oncocyte’s third-party
supplied blood sample analytic system to provide consistent and
precise analytic results on a commercial scale, potential
interruptions to supply chains, the need and ability to obtain
future capital, maintenance of intellectual property rights in all
applicable jurisdictions, obligations to third parties with respect
to licensed or acquired technology and products, the need to obtain
third party reimbursement for patients’ use of any diagnostic tests
Oncocyte or its subsidiaries commercialize in applicable
jurisdictions, and risks inherent in strategic transactions such as
the potential failure to realize anticipated benefits, legal,
regulatory or political changes in the applicable jurisdictions,
accounting and quality controls, potential greater than estimated
allocations of resources to develop and commercialize technologies,
or potential failure to maintain any laboratory accreditation or
certification. Actual results may differ materially from the
results anticipated in these forward-looking statements and
accordingly such statements should be evaluated together with the
many uncertainties that affect the business of Oncocyte,
particularly those mentioned in the “Risk Factors” and other
cautionary statements found in Oncocyte’s Securities and Exchange
Commission (SEC) filings, which are available from the SEC’s
website. You are cautioned not to place undue reliance on
forward-looking statements, which speak only as of the date on
which they were made. Oncocyte undertakes no obligation to update
such statements to reflect events that occur or circumstances that
exist after the date on which they were made, except as required by
law.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/88033c51-bf0c-4f09-a6a7-985c2dae531e
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