Focused on Dx, CombiMatrix hunts for new CEO

CombiMatrix said today that it has abandoned efforts to find potential buyers of the company or its assets. Instead, the board has decided that the company will now focus its efforts on growing its diagnostics services business. "CombiMatrix has been a scientific innovator in the molecular diagnostics field, and now seeks to become a commercial leader as well," says outgoing CEO Amit Kumar in a statement. With that in mind, the board is searching for a commercially...

CombiMatrix hunts for new CEO in restructuring

CombiMatrix is planning a change in the CEO's office as it restructures. The biotech company says that CEO Amit Kumar will step down after the company finds a new CEO to fill his shoes. And the company plans to increase its focus on diagnostic services, cutting its burn rate up to 60 percent....