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 > They haven't sold ONE unit yet

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Post by letsdoiton Sep 02, 2020 12:48pm

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Post# 31494720

RE: They haven't sold ONE unit yet

In any case they ain't sold ONE machine yet, so, any talk of a buyout is absolute "pie in the sky talk" anything could go wrong upon launch, machine could malfunction multiple times, market might not agree with all the pampers talking up its potential, customers might think it's too expensive for a low throughput etc., etc., any potential buyer will want to buy into a proven, profitable Company NOT a Company that has a degree of potential

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