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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
Post by kcuhcon Feb 16, 2016 9:06pm
95 Views
Post# 24564232

Takes time money team work and chemistry

Takes time money team work and chemistry

Despite the fact that FDA has quickened its review and approval of new medicines, clinical development is taking longer because of the complex nature of the diseases for which the new therapeutics are being created. The average time for FDA to approve new drugs declined to 1.1 years in the 2005–2007 period, but longer average clinical phase time means that combined clinical and approval time is approximately 8 years.

 

"Even though the total time to bring new drugs to market has remained essentially unchanged in recent years, drug developers are making progress," says Kenneth I. Kaitin, Director of CSDD. "Many factors are leading to longer clinical times, including a focus on complex diseases and more complicated development design protocols."

 

Companies have attempted to speed up clinical development by improving project management, expanding the use of partnerships and licensing arrangements, and increasing the use of surrogate endpoints and adaptiveclinical trials. Kaitin says: "Still, in drug development, the race — and rewards — go to the swiftest and most efficient drug sponsors; those that can deliver safe and effective new medicines in the shortest time."

 

The findings come from the Tufts Center's Outlook 2009 report on pharmaceuticals and biopharmaceuticals. Among other trends cited, the report expects that firms will continue globalization of their preclinical and clinical development activities to overcome local capacity constraints, increase speed-to-market and expand their presence in emerging markets...

 
 
 

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