16.07.2007 10:00:00
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CombiMatrix Molecular Diagnostics Launches Next Enhanced Version of Its Constitutional Genetic Array Test
Acacia Research Corporation (Nasdaq:CBMX)(Nasdaq:ACTG) 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 (BAC) array, which includes over 200
new, validated probes obtained through the company’s
partnerships with The Center of Applied Genomics (TCAG), in Toronto,
Canada and the Erasmus University Medical Center, the Netherlands’
largest academic medical center.
The CA1000 improves upon the previous CA850 by virtue of its increased
coverage of genomic loci 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.
"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 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 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, credit card fraud protection, database management, data
encryption & product activation, digital media transmission (DMT®),
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 Statement under the Private Securities Litigation
Reform Act 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, recent and forthcoming Quarterly
Reports on Form 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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