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Lexagene Holdings Inc LXXGQ

Healthcare Medical Devices
Lexagene Holdings Inc. is a molecular diagnostics company engaged in researching, developing and commercializing automated genetic analyzer devices in clinical and life science industries. The Company is focused on developing molecular diagnostic systems for pathogen detection and genetic testing for other molecular markers for on-site rapid testing in veterinary diagnostics, and for use in open-access markets such as food and water safety, clinical research, agricultural testing and biodefense. The Company's MiQLab System is an automated, open-access molecular diagnostic system for pathogen detection, allowing users to test for multiple pathogens onsite, returning results in approximately 2 hours. Its MiQLab System is an automated, multiplexing polymerase chain reaction (PCR)-based system designed for syndromic testing in human clinical diagnostics and veterinary diagnostics, as well as food safety testing, and open-access custom testing markets.


GREY:LXXGQ - Post by User

Lexagene Holdings Inc > New Press Release - LexaGene Files for Chapter 7 Bankruptcy
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Comment by ARIMA11on Feb 25, 2023 8:45am
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Post# 35305020

RE:RE:RE:New Press Release - LexaGene Files for Chapter 7 Bankruptcy

RE:RE:RE:New Press Release - LexaGene Files for Chapter 7 BankruptcyYup. Seen a similar situation where the assest were "sold" to the main shareholders which "re-started" under a different name in the same vertical but stayed private. There are some assets too...

Shareholder letter (June 2022)
https://www.reddit.com/r/Lexagene/comments/vhe6zz/share_holder_letter_062122/
Manufacturing: We have manufactured 48 MiQLab Systems to date, 16 of which will be in the field soon. Roughly 15 are used internally for continued R&D work to advance the technology, leaving roughly 17 available to support new sales. We have parts to build an additional 20 Systems.


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