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Microbix Biosystems Inc T.MBX

Alternate Symbol(s):  MBXBF

Microbix Biosystems Inc. develops and commercializes biological and technological solutions for human health and wellbeing. It enables the commercialization of diagnostic assays by making a range of critical ingredients and devices for the global diagnostics industry, notably antigens for immunoassays and its laboratory quality assessment products (QAPs) that support clinical lab proficiency testing, enable assay development and validation, or help ensure the quality of clinical diagnostic workflows. Its segments include development, manufacturing and sales of products relating to the medical diagnostics industry, namely antigens as test ingredients, quality assessment products to help ensure the accuracy of test workflows and viral transport medium to enable collection of patient test samples and, and development and commercialization of novel and proprietary products or technologies, such as Kinlytic. Its Kinlytic urokinase is a biologic thrombolytic drug used to treat blood clots.


TSX:MBX - Post by User

Bullboard Posts
Comment by zenvestingon Feb 25, 2014 12:15pm
218 Views
Post# 22248203

RE:RE:RE:RE:urokinase other possible benifits

RE:RE:RE:RE:urokinase other possible benifitsIs this the phrase that you say ".....sound fairly generic."?  

Page 6 of their MD&A states: In December of 2013 Microbix’ license partner, Zydus, advised Microbix that it is terminating the Kinlytic license agreement due to a change in their strategic priorities. Management is in discussion with various interested parties and will provide an update in the second quarter of fiscal 2014.

I appreciate your history here and the background you provided on Urikonase; but think you might be a bit too pessimistic about the prospects for it.  Given the statement above rom their MD&A, I personally think they have a good chance of finding a stronger partner bound by a more definitive agreement than they had with Zydus, one with more specific development milestones and performance gaurantees (one should hope the new management won't sign such an open-ended agreement with their next partner).  

Getting a bit more speculative, given the research on Urokinase we have been finding from academic researchers, I suspect we might find a partner not just interested in resurrecting it for it's old uses, but for expanding R&D for it's use in new applications and treatments.  

The second quarter ends in a little more than a month, I look forward to the "update" to see who is more on target with their expectations.  :)  

Bullboard Posts