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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 RazeKreationson Apr 29, 2021 12:01am
165 Views
Post# 33088899

RE:RE:RE:RE:RE:RE:Trading Halted

RE:RE:RE:RE:RE:RE:Trading Halted
wizzdumb wrote: I also believe he has previously specifically stated they did not need any financing to fund MBX portion of the VTM expansion, with the other half coming from Ontario grant. Has previously expressed no interest in funding Kinlytic internally. So what is this for?????? I sure do hope we find out in short order. 


They did not require any more funding to supply Ontario's need but in order to gain new customers they need the money to double or more production capacity. Fill demand or someone else will step on and take it away. That is how business works. Expanding capacity is the right thing to do and that takes money. They have the knowledge and reputation just don't have the money
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