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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