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MedMira Inc V.MIR

Alternate Symbol(s):  MMIRF

MedMira Inc. is a Canada-based biotechnology company. The Company, through its subsidiaries, is engaged in the business of research, development and manufacturing of rapid diagnostics and technologies. The Company invests in research in order to maintain and expand its position in the global diagnostics market. Its research is focused on specific areas of the broader diagnostics market, namely the rapid, point-of-care, and in vitro sectors. The Company is the developer and owner of Rapid Vertical Flow (RVF) Technology. The Company's rapid test applications built on RVF Technology provide hospitals, labs, clinics and individuals with instant diagnosis for diseases such as Human Immunodeficiency Virus (HIV), Syphilis and hepatitis C in just three easy steps. The Company's tests are sold under the Reveal, Multiplo and Miriad brands in global markets. The Company's manufacturing facilities are located in Halifax, Nova Scotia, Canada.


TSXV:MIR - Post by User

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Post by Nathaniel13on Dec 22, 2020 7:59am
197 Views
Post# 32159281

Corporate Update re development of new test

Corporate Update re development of new test

Q1 could be any day now but at latest Dec 30.

I sincerely hope investors recieve an update on the development of a new test, regardless of what stage of validation the company is in. A dual Antigen/Antibody test would be a game changer, and MIR's RVF technology gives it the greatest chance at success. 

In terms of revenues for Q1, I am expecting at minimum production/sale of 20,000 units per week for $2.4 million. I think 50,000 units a week is possible, for $6 million in revenue but this would be excellent in my view given that automation is still happening. There is potential for even higher revenues considering the growth in licensing revenue last quarter... will be interesting to see if there is growth in this area (pure profit/recovery of prior R&D $).

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