Microbix - President and CEO, Cameron L. Groome.
President and CEO, Cameron L. Groome.
Source: Microbix.
  • Microbix (MBX) has received a binding C$4.7M follow-on order for its viral transport medium
  • The medium, known as DxTM, is a sample-collection device for PCR-based testing for viruses that cause COVID-19
  • The order stems from a procurement authority representing the Province of Ontario
  • Microbix Biosystems develops proprietary biological technology solutions for human health and wellbeing
  • Microbix (MBX) is up by 2.43 per cent and is currently trading at $0.84 per share

Microbix (MBX) has received a binding C$4.7M follow-on order for its viral transport medium.

The medium, known as DxTM, is a sample-collection device for PCR-based testing for viruses that cause COVID-19.

The order stems from a procurement authority representing the Province of Ontario.

The company expects to register $1.75M in revenue from the order in Q1 2022 with deliveries occurring across Q2 and Q3 of 2022.

It is currently scaling its production of DxTM through full automation of its filling, capping and labelling processes, with implementation at its third Mississauga site set for spring 2022.

Microbix Biosystems develops proprietary biological technology solutions for human health and wellbeing.

Microbix (MBX) is up by 2.43 per cent and is currently trading at $0.84 per share as of 9:30 am EST.

More From The Market Online

Record new users sign up to Bitcoin Well after popular YouTube feature

Non-custodial crypto business Bitcoin Well (TSXV:BTCW) announces it has signed up a record number of new users to its platform.

Nerds On Site launches AI subsidiary

Nerds on Site (CSE:NERD) reveals the launch of a new artificial intelligence subsidiary called NOS Technical Services.

Activist investor seeks to overhaul WonderFi board

KAOS Capital, an activist investor and major WonderFi (TSX:WNDR) shareholder, plans to propose five nominations to the crypto stock's board.

Energy management stock signs credit agreement and reduces debt

Kontrol Technologies (NEO:KNR) announces it has signed an amended credit agreement with its secured lender and exited forbearance.