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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 Investor62on Feb 16, 2020 5:22am
100 Views
Post# 30696768

RE:RE:RE:RE:RE:Commercialization

RE:RE:RE:RE:RE:Commercialization«what would you like to say with: That's a lot of units!! Going to need a partner, could be risky».
@ragb7002 in the past you made statements without any details. Would be nice when you share your your thoughts on such statements as then they would provide value to the community
  • «A lot of units?»
    what do you consider as a lot of units? 10, 100, 1000? And from where do you take such a statement?
In their company presentation you will see there is a target of 25/k Pet Hospitals with over 5 Mio test per year. process 2 samples at a time, in an on-demand fashion (48 samples/24 hrs).
What does this mean? Can a unit only execute 48 tests per 24h. This would mean over 100/k units to handle 5 Mio tests – sounds to me as not really efficient, despite the fact to get the results within an hour.
I do not want to say they will do all the 5 Mio tests but this would make the unit not really efficient. Any toughts? 
  • «could be risky»
    what risk dou see here?
The company presentation says "Select contract manufacturer".
LXG does not intend to handle the production itself, but are looking for a manufacturer – do you see this as a risk?
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