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CombiMatrix Shares Up 6.5 Percent On News of Japanese Distribution Deal

NEW YORK, May 3 (GenomeWeb News) - Shares in CombiMatrix were up 6.5 percent, or $.16, at $2.63 in mid-afternoon trading one day after the company said that Inter Medical will distribute its microarrays in Japan

 

As GenomeWeb News reported yesterday, CombiMatrix's parent company Acacia Research said the non-exclusive agreement calls for Inter Medical to market, sell, and service CombiMatrix's CustomArray products in the country.

 

Inter Medical imports and distributes medical products from European, US, and other companies in Japan, including Axon scanners from Molecular Devices.

 

CombiMatrix said it will continue to seek additional distribution deals, both in the USand internationally.

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