Lexagene Holdings Inc V.LXG

Primary Symbol: LXXGQ

Healthcare Medical Devices

Lexagene Holdings Inc. is a molecular diagnostics company engaged in researching, developing and commercializing automated genetic analyzer devices in clinical and life science industries. The Company is focused on developing molecular diagnostic systems for pathogen detection and genetic testing for other molecular markers for on-site rapid testing in veterinary diagnostics, and for use in open-access markets such as food and water safety, clinical research, agricultural testing and biodefense. The Company's MiQLab System is an automated, open-access molecular diagnostic system for pathogen detection, allowing users to test for multiple pathogens onsite, returning results in approximately 2 hours. Its MiQLab System is an automated, multiplexing polymerase chain reaction (PCR)-based system designed for syndromic testing in human clinical diagnostics and veterinary diagnostics, as well as food safety testing, and open-access custom testing markets.

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Lexagene Holdings Inc > Crazy Volume

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Comment by Sandman852on Jan 16, 2020 9:49am

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RE:RE:RE:RE:RE:Crazy Volume

Just want to point out a couple of things. First production of the first units will be in march so likely some investors are waiting / slowly adding on dips
Secondly the big recurring revenue - which is key to sustainability is in the cartridges/ filters which are only good for one use and have a 40 dollar (approx) NET profit margin. Therefore getting the product in lots of sectors should be ramped up through a large medical distribution company while retaining all the cartridge revenue to build growing cash flow and profit for the future
We should hear some positive news in the next 3-4 weeks once we are closer to the production rollout

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