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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 wizzdumbon Aug 11, 2022 3:54pm
134 Views
Post# 34889464

RE:RE:RE:Q-3

RE:RE:RE:Q-3

Nothing exciting as expected and no ugly surprises which is nice. Cash is best ever and antigen demand returning. The focus in Q2/3 has been preparing for transformative Q4 which yesterdays announcement (finally!) confirms is not a pipe dream. The first of many hopefully.  VTM and antigens are a side show compared to QAPs potential but key contributors and diversifiers. Kinlytic remains a potential huge upside surprise. If they can keep signing new QAPs deals fourth site could become a reality soon and if that happens look out because that same template could be used over and over as the business grows. Setup costs are low and volumes and margins are huge. Watch for any fourth building announcement or discussion of it next week as moving forward on this will confirm that this conservative management team is confident in huge QAPs volumes and revenues and have the customers and contracts awaiting capacity. 

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