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Microbix Biosystems Inc T.MBX

Alternate Symbol(s):  MBXBF

Microbix Biosystems Inc. develops and commercializes biological and technological solutions for human health and wellbeing. It enables the commercialization of diagnostic assays by making a range of critical ingredients and devices for the global diagnostics industry, notably antigens for immunoassays and its laboratory quality assessment products (QAPs) that support clinical lab proficiency testing, enable assay development and validation, or help ensure the quality of clinical diagnostic workflows. Its segments include development, manufacturing and sales of products relating to the medical diagnostics industry, namely antigens as test ingredients, quality assessment products to help ensure the accuracy of test workflows and viral transport medium to enable collection of patient test samples and, and development and commercialization of novel and proprietary products or technologies, such as Kinlytic. Its Kinlytic urokinase is a biologic thrombolytic drug used to treat blood clots.


TSX:MBX - Post by User

Comment by mjh9413on Nov 24, 2020 8:01pm
127 Views
Post# 31966690

RE:RE:RE:WHAT THE #r%#$

RE:RE:RE:WHAT THE #r%#$I have no idea what was said on BNN but that Oct 29th NR made it worth a bet in the 30's even in the face of potentially successful vaccines, particularly this part:
"Initially, more than 1,000 kits have been ordered, comprised of tens of thousands of swabs (units). This represents over CDN$ 500,000 in sales, with customer projections of continuing growth. A first material ONBOARDx shipment has now been completed, and in Q1 calendar 2021, Microbix is enhancing its FLOQSwab-based QAPs supply-chain to support production of up to 50,000 units per month."
Margins on business appear to be mid-40's but I've had to "hold my nose" with regard to former  poor choices by management and the relatively poor state of the balance sheet, but it is after all just a microcap.and these QAP's just might turn out to be a sustainable rev op..
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