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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 wizzdumb on Dec 04, 2023 4:04pm

Buyback

Picked up my final batch of shares recently, hopefully the last ones under 30 cents Canadian. Buyback should be starting again soon in earnest. Next announcements that we should be seeing in short and mid term:

2023 4th qtr and YE results and accompanying webinar

More countries using MBX QAPs as part of HPV rollout (including the biggest one so far)

Kinltytic CMO found. Also expansion of agreement to Canada and Europe for CC indication

Additional Dx test maker partnership(s)

Potential acquisition (<$5M) by MBX

2024 will be transformational year (finally) for this company with record revenues in the 30-35M range and QAPs finally able to show their potential. 

Best of luck to all the longs!!

Comment by RICHOFFMBX on Dec 04, 2023 6:07pm
NCIB allowed up to 5% buyback (just under 7 million shares) and the maximum daily repurchase was 25% of the average daily trading volume for the last 6 months. Let's hope they get closer to that 5% target this year. Just one of many things working for us. Onward and upward... Good luck!