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IBEX Technologies Inc V.IBT

IBEX Technologies Inc., through its wholly owned subsidiary, IBEX Pharmaceuticals Inc., manufactures and markets enzymes for biomedical use. IBEX Pharmaceutical Inc.’s primary business is the manufacture and selling of high purity enzymes for in-vitro diagnostics and research. The Company also makes and sell osteoarthritis kits (ELISA’s) for pre-clinical research. The Company has developed a proprietary expression for the production of its enzymes in Flavobacterium heparinum. This expression system allows for producing each glycosaminoglycan (GAG) enzyme separately from other enzymes therefore achieving the highest purity using a well-defined proprietary purification scheme. The Company operates in one industry segment: the production and sale of diagnostic products.


TSXV:IBT - Post by User

Comment by prophetoffactzon Jun 10, 2022 9:39am
139 Views
Post# 34746700

RE:Ibex Reports another Record Quarter

RE:Ibex Reports another Record Quarter"we expect that sales in the next few quarters will be lower due to a reduction in COVID-related hospitalizations (and therefore less demand for heparinase-based tests), as well a reduction in customer inventories."

A double hit to revenue coming as hospitalizations are down and clients have to work off inventory. Another COVID wave may be required. 
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