CombiMatrix Explores Strategic Options - Quick Facts

(RTTNews) - CombiMatrix Corp. (CBMX) said that it has begun to explore strategic options including a range of potential M&A and business development opportunities to enhance shareholder value.

As part of this effort, CombiMatrix has engaged Torreya Capital, a division of the Financial West Investment Group, Inc. to advise the Company and its Board of Directors in this effort.

"...Among the possible alternatives include acquiring a company or technology that we can tuck in to our growing portfolio or helping another entity enhance its offering by leveraging our expertise and infrastructure. Although there can be no assurance that the exploration of any alternatives will result in CombiMatrix entering into or consummating a transaction, we are committed to enhancing shareholder value in the diagnostics services markets we serve," said Mark McDonough, President and Chief Executive Officer.