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IBEX Technologies Inc V.IBT

IBEX Technologies Inc., through its wholly owned subsidiary, IBEX Pharmaceuticals Inc., manufactures and markets enzymes for biomedical use. IBEX Pharmaceutical Inc.’s primary business is the manufacture and selling of high purity enzymes for in-vitro diagnostics and research. The Company also makes and sell osteoarthritis kits (ELISA’s) for pre-clinical research. The Company has developed a proprietary expression for the production of its enzymes in Flavobacterium heparinum. This expression system allows for producing each glycosaminoglycan (GAG) enzyme separately from other enzymes therefore achieving the highest purity using a well-defined proprietary purification scheme. The Company operates in one industry segment: the production and sale of diagnostic products.


TSXV:IBT - Post by User

Post by guarantor1on Dec 22, 2023 9:46am
149 Views
Post# 35797476

A few interesting little things from Q1 Earnings...

A few interesting little things from Q1 Earnings...1.  "Year-ending cash is expected to be above $10 million".
     Versus "
Year-ending cash is expected to reach $10M" (from q4)

2. 
an increase in business development consulting fees of      
    $125,000. Didn't see any significant fees for all of 2023

3.From the MDA-  
During the quarter ended October 31, 2023, research and development expenses totaled $122,232 compared to $150,415 in the same period year ago, mainly due to a decrease in consultants and in labor hours for the diamine oxidase (DiaMaze®) development program. 
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