Acacia Research Corporation

$5.9M contract awarded for development of biowarfare technology

Published in Healthcare Mergers, Acquisitions and Ventures Week, April 10th, 2004

Acacia Research Corporation (CBMX, ACTG) announced that its CombiMatrix Group has received a 2-year contract from the U.S. Department of Defense (DOD) that will provide $5.9 million to further the development of its microarray technology for the detection of biological threat agents.

Under previously funded programs with the Department of Defense, CombiMatrix demonstrated that its microarray could be multiplexed for the simultaneous detection of toxins, viruses, and bacteria using immunoassay and genomic analysis. Unique to this platform is "on chip" electrochemical detection, which eliminates the need for a complex and expensive optical system.

"We...

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Source: Healthcare Mergers, Acquisitions and Ventures Week (2004-04-10)

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