Acacia Research Subsidiary Presents New Biochip Technology at American Peptide Symposium.PASADENA, Calif.--(BUSINESS WIRE)--July 13, 1999-- Acacia Research Corp. (Nasdaq/NM:ACRI) Tuesday reported that its subsidiary CombiMatrix Corp. presented information at the 16th Annual American Peptide Symposium held in Minneapolis demonstrating the company's ability to synthesize peptides on its proprietary biochip biochip Small-scale device, analogous to an integrated circuit, constructed of or used to analyze organic molecules associated with living organisms. One type of theoretical biochip is a small device constructed of large organic molecules, such as proteins, and capable of . The CombiMatrix biochip system integrates the miniaturization min·i·a·tur·ize tr.v. min·i·a·tur·ized, min·i·a·tur·iz·ing, min·i·a·tur·iz·es To plan or make on a greatly reduced scale. min of semiconductors with new developments in biotechnology and chemistry. The company's core technology utilizes a unique buffering system to create "virtual reactors" -- tiny chemical flasks the size of a human hair, that are separated from each other without glass walls. The CombiMatrix technology synthesizes DNA DNA: see nucleic acid. DNA or deoxyribonucleic acid One of two types of nucleic acid (the other is RNA); a complex organic compound found in all living cells and many viruses. It is the chemical substance of genes. , peptides and other chemicals in these miniaturized electrochemical electrochemical /elec·tro·chem·i·cal/ (-kem´i-k'l) pertaining to interaction or interconversion of chemical and electrical energies. e·lec·tro·chem·i·cal adj. flasks on a tiny semiconductor chip. The biochips are inexpensively produced on existing semiconductor fabrication lines. This eliminates the need for expensive photomasks or robots at CombiMatrix, and reduces the investment in capital equipment and clean rooms at the company. CombiMatrix's unique biochip system may offer significant advantages over current products on the market. Acacia Research has a 53 percent equity ownership in CombiMatrix, which is located in Burlingame, Calif. Acacia Research Corp. is a diversified company diversified company A company engaged in varied business operations not directly related to one another. A diversified company is less likely to suffer either a collapse or a spectacular gain in earnings compared with a firm concentrating its operations in a with interests in several enterprises -- CombiMatrix Corp. (biochips/drug discovery technology), Greenwich Information Technologies LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control (video and audio-on-demand technology), MerkWerks Corp. (software development), Signature-mail.com llc (personalized e-mail service), Soundbreak.com Inc. (Internet music and e-commerce), Soundview Technologies Inc. (V-chip technology), Whitewing Labs Inc. (marketer of nutritional supplements), and Acacia Capital Management (investment advisory services). |
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