CombiMatrix, Restructuring and Seeking New CEO, Refocuses on Diagnostics | GenomeWeb

By Justin Petrone

CombiMatrix will restructure its operations by increasing its focus on its diagnostics services business and reducing its cash burn by roughly half, the firm said this week.

As part of the restructuring, the Mukilteo, Wash.-based array firm said that it will replace President and CEO Amit Kumar and hire a more "commercially oriented" chief.

CombiMatrix said that Kumar will step down once his successor is hired.

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