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Microbix Biosystems Inc. T.MBX

Alternate Symbol(s):  MBXBF

Microbix develops proprietary biological technology solutions for human health and well-being, with about 90 skilled employees and sales growing from a base of over $1 million per month. It makes a wide range of critical biological materials for the global diagnostics industry, notably antigens for immunoassays and its laboratory quality assessment products (QAPs™) that support clinical lab proficiency testing, assay development and validation, or clinical lab workflows.


TSX:MBX - Post by User

Comment by mercedesmanon Feb 09, 2023 9:59am
64 Views
Post# 35276877

RE:RE:RE:The stars were aligned

RE:RE:RE:The stars were aligned Am I missing something?

PCR testing has been on steady decline since 2020/21.

Publicly funded PCR testing (what used to be the gold std) is no longer freely available (except for certain groups eg. > 60, health workers, etc.).  

The public has migrated to free rapid tests distributed by grocery stores. Most households probably have a 12 year supply in their cupboards.  The ones that don't, don't care about Covid anymore.

Not saying that VTM is completely dead (it has lots of uses beyond just for Covid), but it has been vastly curtailed as we approach the Endemic stage (fewer hospitalizations/fewer deaths = less fear = less testing)

I'd like to know what plans the Company has for the recently geared up VTM capacity.  Will it be re-purposed? Or will they open up other markets outside of Ontario ?  Perhaps not, if capcity in general was rapidly expanded elsewhere as well.

And Yes I am aware that the future for MBX comes from other products.  But VTM was thought to be a more sturdy, longer lasting bridge.

MM
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