GREY:LXXGQ - Post by User
Comment by
Investor62on Mar 29, 2020 10:18am
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Post# 30857277
RE:RE:New 5 minutes test for COVID-19 by Abott
RE:RE:New 5 minutes test for COVID-19 by Abottwhy bad news? LXG main business is not testing the COVID-19. Don't forget what the main usage will be:
in their company presentation this is clearly shown. Main concentration is on the non-human medical tests:
Veterinary Diagnostics ~ $5.4B
Food Safety ~ $24.4B
Open-Access Use > $10B
This is a $40 billion market.
Clinical Diagnostics ($12.9B) requires FDA approval, and that's what they're working on. I don't think that a vaccine against the corona virus will have a negative or positive effect on their share price.
According to the last podcast Dr. Regan made it clear that the final completion (10%) will not be proprietary as commercialization is now the priority and the last 10% will be done "on the side". I expect that Q2, and Q3 will be very interesting, independent of the further development of the Corona virus, which in my opinion is not of great importance for LXG.