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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 ssdasmmon Apr 29, 2021 3:48pm
192 Views
Post# 33095266

RE:Legitimate questions

RE:Legitimate questionsRe - why now and the size of it....

Last October Cameron stated that MBX was not going to have a barn burner 4th quarter, so when December came along and the numbers were not good, MBX really didn't move as there was prevous guidance.  In Dec when he stated that Q1 should be a record quarter, there it was. (previous guidance)

He has constantly been conservative and more importantly accurate in what he says about earnings, the current state of Antigens, CAps and VTM.  The Man does not exaggerate, over hype,  over promise.  (some times I which there was more Hype).

So when he stated that  ''they are not capitalized for ONGOING discussions like providing the expansion for VTM, (could be 2X  what Ontario has asked for) to be delivered to other provinces, or to provide 10x current monthly capacity for CAPS....''High classs problems to have''.  That is why now and the size of it.

I think everyone was given some guidance in January as to why a financing could  be needed

IMO
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