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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

Post by RazeKreationson Apr 29, 2021 12:33pm
143 Views
Post# 33093950

The sky is falling

The sky is fallingHave to laugh at all these doomsday people here.
This money will allow MBX to expand production. beyond what is required for Ontario.Thats a good thing.  More production equals a better bottom line in the future.  You have to spend money to make money and Mbx just does not have enough in the bank to proceed with expansion without help from an outside source. 
You know MBX has had requests from others as well as Ontario and this is a way to be able to fullfill those requests.  Ignore that and those potential customers will find another source. Ignore that and that opens the door to competition that sees the opportunity. And they cannot control who or when stocks are excersized.
Money coming in is uaually 90 day accounts. so they will not see a lot of money coming in for a bit.
Meanwhile they can still grow the business with this help.
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