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Affymetrix

Affymetrix announces update regarding stock option grants

Published in Pharma Investments, Ventures and Law Weekly, September 24th, 2006

Affymetrix, Inc., (AFFX) announced it will request a hearing before the NASDAQ Listing Qualifications Panel in response to the receipt of a NASDAQ Staff Determination letter indicating that the company is not in compliance with the filing requirements for continued listing as set forth in Marketplace Rule 4310(c)(14).

As anticipated, the letter was issued in accordance with NASDAQ procedures due to the delayed filing of the company's Form 10-Q for the quarter ended June 30, 2006. Pending a decision by the panel, Affymetrix shares will remain listed on the NASDAQ Stock Market.

On August 9, 2006, the company announced that as a result of its previously...

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