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Bullboard - Stock Discussion Forum 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... see more

TSX:MBX - Post Discussion

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Post by RazeKreations on Aug 10, 2023 4:45pm

DxTm

What happened to all the sales of Vtm. 50 million dollars worth imported in 2019 and no one is interested in a domestic supplier? How much more inventory is going to need to be written off? Is it no good? Is it too expensive? No attempt to sell to anyone other than Ontario? Why did Ontario stop buying? Questions that need an answer. Can anyone explain the situation?
Comment by dwitzany on Aug 28, 2023 6:30pm
No explanation.  I'd specualte that either the product had quality issues, or the multinationals (like Roche's Cobis) threatened to void warranty or service on their equipment if a competitors VTM was used...?
Comment by wizzdumb on Aug 29, 2023 1:05pm
This was discussed in latest update video. Procurement agencies went back to old supply chain beciase it was easy and slightly less expensive. Didn't even provide opportunity for MBX to quote. Total dosconnect between government (local supply chains) and procurement (cheapest price). 
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