Lexagene Holdings Inc V.LXG

Primary Symbol: 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 > Bought Deal Confirmed

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Post by iamjunobazon Aug 18, 2020 6:34pm

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Post# 31425525

Bought Deal Confirmed

Bought deal confirmed so Lex have enough money to make as many machines as they want

My guess is they have large orders hence the requirement for cash to get them out ASAP

This means they have about 13 million $ in the bank right now so cash not an issue

https://seekingalpha.com/news/3606887-lexagene-announces-7_5m-bought-deal-public-offering

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