CombiMatrix Molecular Diagnostics Launches Next Enhanced Version of Its Constitutional Genetic Array Test.NEWPORT BEACH Newport Beach, residential and resort city (1990 pop. 66,643), Orange co., S Calif., on Newport Bay and the Pacific Ocean; inc. 1906. It is a popular seaside resort and yachting center. Manufactures include electrical and medical equipment, computers, boats, and adhesives. , Calif. -- Acacia Research Corporation (Nasdaq:CBMX)(Nasdaq:ACTG ACTG Acting ACTG AIDS Clinical Trial Group ACTG Actuating/Actuator ) announced today that its CombiMatrix group's subsidiary, Combimatrix Molecular Diagnostics (CMDX), has completed the clinical validation of and has launched the third version of its Constitutional Array Genetic Test (CA1000). The test utilizes the company's Bacterial Artificial Chromosome A bacterial artificial chromosome (BAC) is a DNA construct, based on a fertility plasmid (or F-plasmid), used for transforming and cloning in bacteria, usually E. coli. (BAC BAC abbr. blood alcohol concentration ) array, which includes over 200 new, validated probes obtained through the company's partnerships with The Center of Applied Genomics applied genomics Molecular genetics Molecular medicine The use of genetic information to diagnose, prognosticate and manage disease, based on the techniques of PCR, real time-PCR, DNA sequencing, and gene rearrangement studies for leukemia and lymphoma. (TCAG TCAG The Centre for Applied Genomics (Toronto, Canada) TCAG Tulare County Association of Governments TCAG Transportation CIM (Corporate Information Management) Advisory Group ), in Toronto, Canada and the Erasmus University Erasmus University Rotterdam is a university in the Netherlands, located in Rotterdam. The university is named after Desiderius Erasmus Roterodamus, a 15th century humanist and theologian. Medical Center, the Netherlands' largest academic medical center. The CA1000 improves upon the previous CA850 by virtue of its increased coverage of genomic loci loci [L.] plural of locus. loci Plural of locus, see there found in disease "hotspots" further enhancing the test's ability to detect and characterize common genetic disorders. Moreover, greater background genomic coverage has been added to the CA1000 enabling the broader detection of spurious chromosomal abnormalities. The CA1000 array now has the most comprehensive and robust, clinically validated genomic coverage in the industry. The demonstrated serial development of CMDX's arrays, enabled by platform flexibility and partnerships with leading academic centers, underscores the unique ability to incorporate the latest genetic information available at a pace that is unrivaled in the industry. "As clinical diagnostics continue to take advantage of the rapidly increasing knowledge of the molecular basis for diseases, cutting-edge test development must be able to incorporate new information as efficiently as possible. In few other diagnostics specialties is this more evident, however challenging, than in genomics testing," said Dr. Mercedes Gorre, VP of Scientific Affairs at CMDX. "From the outset, it has been clear to us that this emergent field of clinical diagnostics will require the ability to respond to the evolving body of knowledge of genetic disease associations and so we developed a system of platform flexibility, content procurement, and clinical validation that could accommodate such standards. An added advantage is that this also allows us to seamlessly integrate client suggested content into our development pipeline further enabling the most clinically relevant tests in the market." "Combimatrix Molecular Diagnostics has delivered excellent results for us with their 'CA 850' microarray. We are particularly pleased with CMDX's continued advancement of their microarray products and services, and eagerly anticipate utilizing the new 'CA 1000' with enhanced genomic coverage. Their state-of-the-art microarray products and services deliver cutting edge technologies to our patients," said Dr. Dianne Abuelo, M.D., Director of the Genetics Division, Department of Pediatrics, Hasbro Children's Hospital, Providence, Rhode Island “Providence” redirects here. For other uses, see Providence (disambiguation). Providence is the capital and the most populous city of the U.S. . "Our use of the CA 850 microarray through Combimatrix Molecular Diagnostics' unique and innovative Tech-Only Program provides us with fast, accurate results customized to our needs, and with the shortest turn around time in the industry. We look forward to the progression from the already impressive CA 850 to CMDX's new CA 1000 microarray for clinical chromosomal analysis. Throughout our experience with CMDX, we have been instantly upgraded to the most advanced version of aCGH technology available. This saltatory sal·ta·to·ry adj. 1. Of, relating to, or adapted for leaping or dancing. 2. Proceeding by leaps rather than by smooth, gradual transitions. saltatory pertaining to or emanating from saltation. technical evolution keeps us in the forefront of patient care in this field. Thanks to CMDX, we are able to consistently offer the very best of aCGH services to our clients," said Dr. Greg Mengden, Ph.D., Laboratory Director, Southwest Genetics Laboratory. ABOUT TCAG The Centre for Applied Genomics (TCAG; www.tcag.ca) is a core infrastructure within the Research Institute at The Hospital for Sick Children, Toronto, Canada, and is a Science and Technology Platform for the Ontario Genomics Institute and Genome Canada. TCAG's mandate includes the provision of genomics research infrastructure and resources for investigators in the public, private and government/NGO sectors worldwide. Additionally, TCAG provides consultative resources related to genomics project design, data generation and analysis. Dr. Steve Scherer is the Scientific Director of TCAG and is a world-renowned researcher in the areas of genomic variability and the genetics of autism autism (ô`tĭzəm), developmental disability resulting from a neurological disorder that affects the normal functioning of the brain. It is characterized by the abnormal development of communication skills, social skills, and reasoning. and related neurodevelopmental disorders. For a detailed biography, see www.tcag.ca/scherer/. ABOUT ACACIA RESEARCH CORPORATION Acacia Research Corporation comprises two operating groups, Acacia Technologies group and CombiMatrix group. The CombiMatrix group is developing a platform technology to rapidly produce customizable arrays, which are semiconductor-based tools for use in identifying and determining the roles of genes, gene mutations and proteins. The CombiMatrix group's technology has a wide range of potential applications in the areas of genomics, proteomics, biosensors, drug discovery, drug development, diagnostics, combinatorial chemistry, material sciences and nanotechnology. The Acacia Technologies group develops, acquires, and licenses patented technologies. Acacia controls 74 patent portfolios covering technologies used in a wide variety of industries including audio/video enhancement & synchronization, broadcast data retrieval, computer memory cache coherency co·her·en·cy n. pl. co·her·en·cies Coherence. Noun 1. coherency - the state of cohering or sticking together coherence, cohesion, cohesiveness , credit card fraud Credit card fraud is a wide-ranging term for theft and fraud committed using a credit card or any similar payment mechanism as a fraudulent source of funds in a transaction. The purpose may be to obtain goods without paying, or to obtain unauthorized funds from an account. protection, database management, data encryption & product activation, digital media transmission (DMT See DSL. [R]), digital video production, dynamic manufacturing modeling, enhanced Internet navigation, image resolution enhancement, interactive data sharing, interactive television, laptop docking station connectivity, microprocessor enhancement, multi-dimensional bar codes, resource scheduling, spreadsheet automation, and user activated Internet advertising. Acacia Research-Acacia Technologies (Nasdaq:ACTG) and Acacia Research-CombiMatrix (Nasdaq:CBMX) are both classes of common stock issued by Acacia Research Corporation and are intended to reflect the performance of the respective operating groups and are not issued by the operating groups. Information about the Acacia Technologies group and the CombiMatrix group is available at www.acaciaresearch.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 This news release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements are based upon our current expectations and speak only as of the date hereof. Our actual results may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties, including the recent economic slowdown affecting technology companies, our ability to successfully develop products, rapid technological change in our markets, changes in demand for our future products, legislative, regulatory and competitive developments and general economic conditions. Our Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. , recent and forthcoming Quarterly Reports on Form 10-Q Form 10-Q See 10-Q. , recent Current Reports on Forms 8-K and 8-K/A, and other SEC filings discuss some of the important risk factors that may affect our business, results of operations and financial condition. We undertake no obligation to revise or update publicly any forward-looking statements for any reason. |
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