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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 longondmxon Sep 14, 2017 3:42pm
110 Views
Post# 26697401

RE:Approaching my Short Term Target

RE:Approaching my Short Term TargetSome highlights on status: The market cap on the company is only $30 Million. Over $10 Million in annual sales. Q3 2017 (last quarter reported), sales were up 23% and that trend should accelerate further now that bioreactor is online. Current profit/loss is about breakeven - excluding one time items - and should be profitable soon given savings from Bioreactor. Assets $26 Million, Liabilities of $10 Million as at Q3 2017. Just the virology product business alone is worth more than the current share price, let alone potential from Kinlytic Urokinase , and Lumisort.
Bullboard Posts