Microbix Biosystems Inc T.MBX

Bloom Burton drops TP to $0.80

[lscfa]

https://www.bloomburton.com/research/MBX20230815.pdf

[wizzdumb]

Drop is only due to delay in QAPs sales which was discussed in recent update, Also BB is not including any value for recent Kinlytic agreement at all, which another analyst conservatively estimated as worth $1 per share only for the US and only for catheter clearance.  Regrdless, we're still at thirty and some odd cents so any increase from here, even to a very conservative 80 cents

[Mbxwatcher]

The Kinlytic sentence is the most important part of this update. They will delve further into Kinlytic's value once the FDA meeting confirms the regulatory pathway. As this has been confirmed with the FDA once (pre-covid) and it is a product that is sorely needed, competitor has a monopoly, we can reasonably hope for positive results. IMO, that is the inflection point for the share price....

[wizzdumb]

Agree, decision by Nov 14 at latest, but likely earlier, so in grand scheme of things very soon. In my opinion, it's in the bag. Unfortunately, like everything else with this stock, my expectations of the market actually recognizing the huge potential here is muted. I hope I'm wrong.