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Lexagene Holdings Inc 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.


GREY:LXXGQ - Post by User

Lexagene Holdings Inc > AYTU
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Comment by EduardoSanchezon Mar 10, 2020 6:32pm
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Post# 30790706

RE:AYTU

RE:AYTU

Haha! Have another read of the news release. They just signed an exclusive license deal for distribution in the US for this rapid test with a Hong Kong based company. "They plan on pursuing clearance with FDA emergency clearance authorization". Good Luck!

The only issue, the test only has 87.9% concordance. So every 12.1/100 people tested will have a false negative. This doesn't seem like a good idea for pandemic diagnostics. This is not PCR the gold standard the CDC uses they are desperate for rapid tests but will not lower their standards. Lex is getting over 99% concordance.

It is amazing the companies using CoronaVirus test in a news release and market jumps all over it. Be careful! 



 

 

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