CombiMatrix Regains Compliance With NASDAQ Minimum Bid Price Listing Requirement

IRVINE, Calif., Dec. 20, 2012 (GLOBE NEWSWIRE) -- CombiMatrix Corporation (Nasdaq:CBMX), a molecular diagnostics company performing DNA-based testing services for prenatal, pediatric and oncology, today announced that it has received a letter from the NASDAQ Stock Market notifying the Company that it has regained full compliance with NASDAQ's minimum bid continued listing requirement.

The letter, received December 19, noted that the closing bid price of CombiMatrix's common stock has been at $1.00 per share or higher for the last 10 consecutive business days, from December 5-December 18. Accordingly, CombiMatrix has regained compliance with NASDAQ's Listing Rule 5550(a)(2) and the matter is closed.

About CombiMatrix Corporation

CombiMatrix Corporation, through its wholly owned subsidiary, CombiMatrix Molecular Diagnostics, Inc. (CMDX), is a molecular diagnostics laboratory which offers DNA-based testing services to the prenatal, pediatric and oncology markets. The Company performs genetic testing utilizing Microarray, FISH, PCR and G-Band Chromosome Analysis. CMDX offers prenatal and pediatric testing services for the detection of abnormalities of genes at the DNA level beyond what can be identified through traditional technologies. CMDX was also the first commercial clinical laboratory in the United States to make comprehensive DNA-based genomic analysis of solid tumors, including breast, colon, lung, prostate and brain tumors, available to oncology patients and medical professionals. Additional information about CMDX is available at or by calling 1-800-710-0624.
CONTACT: Company Contact:         R. Judd Jessup         President & CEO, CombiMatrix Corporation         Tel (949) 753-0624                  Investor Relations Contact:         John Baldissera         BPC Financial Marketing         Tel (800) 368-1217                  Media Contact:         Len Hall         VP, Media Relations         Allen & Caron         Tel (949) 474-4300

CombiMatrix Corporation