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.

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Lexagene Holdings Inc > Mass testing on an unimaginable scale.

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Comment by 007daveon Apr 22, 2020 5:28pm

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RE:RE:RE:Mass testing on an unimaginable scale.

Nothing wrong with making money on the machines but i don't think you understand where the bulk of revenue comes from. The revenue from supplying the strips could be in the 100 times or even 1000 times what the cost of the actual machine is depending on the life of the machine. Imagine if you get a car for free but have to buy four new tires every month and only from the manufacturer and they cost you 1000 dollars a month but the cost to the manufacturer is 100 dollars, the margins are incredible.

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