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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 mercedesmanon Feb 09, 2023 9:59am
75 Views
Post# 35276877

RE:RE:RE:The stars were aligned

RE:RE:RE:The stars were aligned Am I missing something?

PCR testing has been on steady decline since 2020/21.

Publicly funded PCR testing (what used to be the gold std) is no longer freely available (except for certain groups eg. > 60, health workers, etc.).  

The public has migrated to free rapid tests distributed by grocery stores. Most households probably have a 12 year supply in their cupboards.  The ones that don't, don't care about Covid anymore.

Not saying that VTM is completely dead (it has lots of uses beyond just for Covid), but it has been vastly curtailed as we approach the Endemic stage (fewer hospitalizations/fewer deaths = less fear = less testing)

I'd like to know what plans the Company has for the recently geared up VTM capacity.  Will it be re-purposed? Or will they open up other markets outside of Ontario ?  Perhaps not, if capcity in general was rapidly expanded elsewhere as well.

And Yes I am aware that the future for MBX comes from other products.  But VTM was thought to be a more sturdy, longer lasting bridge.

MM
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