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Lexagene Holdings Inc V.LXG


Primary Symbol: LXXGQ

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.


GREY:LXXGQ - Post by User

Comment by Sandman852on Jan 21, 2020 10:06am
134 Views
Post# 30577309

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

RE:RE:RE:RE:RE:RE:RE:Crazy Volume
FYI From Lexegene
 
We are still in the process of research and development. We plan to have our final design complete by March at which point we will start to manufacturer.
 
We expect the first few units to cost a little more as we will only be producing a smaller quantity to begin with, I would estimate the cost to produce each unit will be around $30-35k and the selling price around $40k, all subject to change.
 
Where we make the real money is off of the filters / cartridges which are single use only, we estimate our cost for each filter to be approximately $3 with an average selling price at $50 plus.
 
If you have any other questions, please let me know.
 
 
 
Jay Adelaar
 
Vice President of Capital Markets

heres a copy of reply to my email inquiry from 10 days ago. 
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