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MedMira Inc MMIRF


Primary Symbol: V.MIR

MedMira Inc. is a Canada-based biotechnology company. The Company, through its subsidiaries, is engaged in the business of research, development and manufacturing of rapid diagnostics and technologies. The Company invests in research in order to maintain and expand its position in the global diagnostics market. Its research is focused on specific areas of the broader diagnostics market, namely the rapid, point-of-care, and in vitro sectors. The Company is the developer and owner of Rapid Vertical Flow (RVF) Technology. The Company's rapid test applications built on RVF Technology provide hospitals, labs, clinics and individuals with instant diagnosis for diseases such as Human Immunodeficiency Virus (HIV), Syphilis and hepatitis C in just three easy steps. The Company's tests are sold under the Reveal, Multiplo and Miriad brands in global markets. The Company's manufacturing facilities are located in Halifax, Nova Scotia, Canada.


TSXV:MIR - Post by User

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Post by Scotty19on Dec 31, 2022 10:06am
358 Views
Post# 35198301

Financials

FinancialsIt takes money to make money. MIR in my opinion has done quite well managing with what they have. Yes we were all waiting for FDA approval on the Covid tests but they have expanded their product line considerably beyond just Covid. They have gone from 4 to 65 employees in a few years so the company is growing. They have very positive results from the Syphillis test kit in both Alberta and Saskatchewan and now are moving ahead with clinical trials in Ontario. Approval for use in humans is a slow moving process especially for a small company. I think time will prove out the fruits of their labour. As investors we all want a return yesterday but we have to be patient and allow it to unfold. If you can't wait then maybe it's time to move on instead of repeatedly complaining about management and abshing the stock. I am a long term sharehoder with a substantial amount of shares and I am only too happy to wait.
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