CombiMatrix's Miscarriage Analysis Test Now Offered by ReproSource, Inc.
January 22 2015 - 8:00AM
CombiMatrix Corporation (Nasdaq:CBMX), a molecular diagnostics
company specializing in DNA-based testing services for pre- and
postnatal developmental disorders, today announced that
ReproSource, Inc., a nationally-recognized laboratory dedicated to
fertility specialists and the patients they serve, is now offering
CombiMatrix's chromosomal microarray analysis (CMA) testing for
miscarriage analysis. ReproSource, based just outside of Boston,
Massachusetts, is an international clinical reference laboratory
providing specialized diagnostic services for unexplained
infertility, recurrent pregnancy loss and premature ovarian
failure.
"We have found CombiMatrix's quality service to their physicians
and patients to be consistent with our approach," said Charles
Jenkins, Vice President of ReproSource. "We look forward to
offering our nationwide network of fertility specialists and
fertility centers the opportunity to use CombiMatrix's test
offerings to help their patients."
Mark McDonough, Chief Executive Officer of CombiMatrix, said,
"ReproSource has an outstanding reputation in the fertility testing
industry, and we view this partnership as a noteworthy validation
of the quality of our tests and the ancillary counselling services
we provide in this important new market for us. As we expand our
focus to the care of fertility patients, we are pleased to offer
our high touch, high quality service to ReproSource and their
client base while concurrently benefitting from ReproSource's
expertise and customer reach with reproductive
endocrinologists."
Miscarriage analysis testing, also called Products of Conception
testing, is a subset of the overall prenatal testing market. It
allows OB/GYN physicians, reproductive endocrinologists, fertility
doctors and clinicians to better determine if there is a genetic
cause for a miscarriage or other related event.
"Historically, unclear results from genetic testing of products
of conception has been frequent, which makes diagnosing the cause
of miscarriage difficult and frustrating for both clinicians and
patients," said Benjamin Leader, M.D., Ph.D., the Director of
Clinical Research at ReproSource. "The type of genetic testing
provided by CombiMatrix significantly increases the frequency with
which we can provide reliable answers to our physicians and their
patients."
About ReproSource
ReproSource is a clinical reference laboratory and research
organization that exists to provide clinicians and patients alike
with the best solutions for fertility testing and education.
ReproSource publishes some of the largest studies in the world
related to fertility testing, and works both nationally and
internationally with fertility experts to provide the best in
patient care and clinical research. ReproSource continually works
to refine research, validate results and update the fertility
testing used for initial patient diagnostic evaluations.
ReproSource empowers clinicians and patients to make the most
informed decisions in the treatment of recurring pregnancy loss and
unexplained infertility.
About CombiMatrix Corporation
CombiMatrix Corporation provides valuable molecular diagnostic
solutions and comprehensive clinical support to foster the highest
quality in patient care. CombiMatrix specializes in miscarriage
analysis, prenatal testing and pediatric genetics, offering
DNA‑based testing for the detection of genetic abnormalities beyond
what can be identified through traditional methodologies.
CombiMatrix performs genetic testing utilizing a variety of
advanced cytogenomic techniques, including chromosomal microarray,
standardized and customized fluorescence in situ hybridization
("FISH") and high-resolution karyotyping. CombiMatrix is dedicated
to providing high-level clinical support for healthcare
professionals in order to help them incorporate the results of
complex genetic testing into patient-centered medical decision
making. Additional information about CombiMatrix is available at
www.combimatrix.com or by calling 1-800-710-0624.
Safe Harbor Statement under the Private Securities
Litigation Reform Act of 1995
This press release contains forward-looking statements within
the meaning of the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995. These statements are
based upon our current expectations, speak only as of the date
hereof and are subject to change. All statements, other than
statements of historical fact included in this press release, are
forward-looking statements. Forward-looking statements can often be
identified by words such as "anticipates," "expects," "intends,"
"plans," "goal," "predicts," "believes," "seeks," "estimates,"
"may," "will," "should," "would," "could," "potential," "continue,"
"ongoing," "objective," similar expressions, and variations or
negatives of these words and include, but are not limited to,
statements regarding the access to our services for ReproSource,
Inc.'s physicians. These forward-looking statements are not
guarantees of future results and are subject to risks,
uncertainties and assumptions that could cause our actual results
to differ materially and adversely from those expressed in any
forward-looking statement. The risks and uncertainties referred to
above include, but are not limited to: use of our services by
ReproSource patients; market acceptance of CMA as a superior method
of molecular diagnostic testing; our ability to successfully expand
the base of our customers and strategic partners, add to the menu
of our diagnostic tests in both of our primary markets, develop and
introduce new tests and related reports, optimize the
reimbursements received for our testing services, and increase
operating margins by improving overall productivity and expanding
sales volumes; our ability to successfully accelerate sales, allow
access to samples earlier in the testing continuum, steadily
increase the size of our customer rosters in both developmental
medicine and oncology; our ability to attract and retain a
qualified sales force; rapid technological change in our markets;
changes in demand for our future products; legislative, regulatory
and competitive developments; general economic conditions; and
various other factors. Further information on potential factors
that could affect our financial results is included in our Annual
Report on Form 10-K, Quarterly Reports of Form 10-Q, and in other
filings with the Securities and Exchange Commission. We undertake
no obligation to revise or update publicly any forward-looking
statements for any reason, except as required by law.
CONTACT: Company Contact:
Mark McDonough
President & CEO, CombiMatrix Corporation
(949) 753-0624
Investor Contact:
Robert Flamm, Ph.D.
Russo Partners, LLC
(212) 845-4226
robert.flamm@russopartnersllc.com
Media Contact:
David Schull or Lena Evans
Russo Partners LLC
(212) 845-4271
(212) 845-4262
david.schull@russopartnersllc.com
lena.evans@russopartnersllc.com
Combimatrix Corp. (MM) (NASDAQ:CBMX)
Historical Stock Chart
From Oct 2024 to Oct 2024
Combimatrix Corp. (MM) (NASDAQ:CBMX)
Historical Stock Chart
From Oct 2023 to Oct 2024