Published January
2003
CombiMatrix
lands
on Nasdaq
SCBJ
Staff
In December, Mukilteo-based
CombiMatrix Corp. made its debut on the Nasdaq exchange under the symbol
CBMX.
During its first
day of trading, on Dec. 16, CombiMatrix’s stock shot up from $2.70 a share
to close at $4.28 a share for a first-day increase of nearly 59 percent.
Owned by California-based
Acacia Research Corp., CombiMatrix is developing biochip technology, which
can be used by researchers and pharmaceutical laboratories. The company
also is working on devices that use its chips to detect chemical and biological
warfare agents.
Along with CombiMatrix
getting its own stock symbol, Acacia’s other large subsidiary, Acacia
Technologies, received its own symbol, ACTG, as part of a recapitalization
plan that divided Acacia Research’s stock to reflect the individual performances
of the company’s main subsidiaries.
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