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

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Post by letsdoiton Nov 09, 2020 1:00am

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Post# 31860787

RE: a complete waste of money

What I can't understand is, why employ 2 sales reps when you're manufacturing capacity sure at 2 a week? What a complete waste of money!! Going forward it is quite obvious that it's such an intricate machine that 1) There is no way it can be mass produced by robotics and 2) They will need to actually have skilled technicians to assemble by hand (thousands of them) because they're in a volume driven market. Seems to me that we have a brainy scientist but a clueless businessman, so, let's all give them a hefty pay raise, burn that cash, burn, baby, burn

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