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.

GREY:LXXGQ - Post by User

Lexagene Holdings Inc > FDA EUA

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Comment by 007daveon Jan 01, 2021 2:27pm

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Post# 32207627

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:FDA EUA

What i meant letsdoit about no machines was that they currently have not announced a contract manufacturer yet. So if they are a few months away from possible EUA you have to have inventory to meet potential demand. Supply chains being what they are these days such production plans need to start happening now. As far as money goes LXG burns alot of cash so the longer they delay the less capital they have. As far as a stock bubble burst, as you know lots of margin is used to buy stocks and if a big correction happens, which will happen, non marginal penny stocks always get sold off to pay margin calls.

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