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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 Mbxwatcheron Jun 13, 2023 9:26am
128 Views
Post# 35493325

RE:How many new products does it take…

RE:How many new products does it take…I believe the market needs to see more QAPS deals.

I re-read Bruce Krugels last report just the other day.  At this time the consensus seemed to be almost $10 million of VTM sales per year........not zero.

The Kinlytic deal, while very good, and exciting is still a few years off before it is material (IMO)

The Antigen business is increasing but it is the lowest margin of their business units.

Until then I think the share price reacts to profitability and material QAPS deals.


I am not saying these things wont occur, or that the Kinlytic deal is anything but exciting.
I am only saying that in the short to medium term that new QAPS deals and record quarters is all the market is going to react to.
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