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Last C$0.56 CAD
Change Today +0.03 / 5.66%
Volume 39.4K
As of 3:58 PM 05/27/15 All times are local (Market data is delayed by at least 15 minutes).

microbix biosystems inc (MBX) Snapshot

Open
C$0.54
Previous Close
C$0.53
Day High
C$0.57
Day Low
C$0.53
52 Week High
11/20/14 - C$0.90
52 Week Low
05/27/14 - C$0.35
Market Cap
46.6M
Average Volume 10 Days
209.2K
EPS TTM
C$-0.0019
Shares Outstanding
83.2M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for MICROBIX BIOSYSTEMS INC (MBX)

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microbix biosystems inc (MBX) Details

Microbix Biosystems Inc. develops, manufactures, and sells biological products and technologies in North America, Europe, and internationally. The company manufactures and sells cell culture-based biological products, as well as infectious disease antigens. It offers infectious disease antigens, such as viral, bacterial, and parasitic products used in various applications, including immunodiagnostic assays; basic and applied research in virology, microbiology, cell biology, molecular biology, immunology, and pathology; as controls and calibrators for a range of medical devices; and for vaccine and antiviral research and development. In addition, the company provides adenovirus vectors, cells, and services to biopharmaceutical and biotechnology researchers and companies, as well as provides facility, technical, and production personnel for contract research and development. Its pipeline of technologies and products includes LumiSort semen sexing technology for the livestock industries; Kinlytic, a thrombolytic drug with various approved and potential applications, including the treatment of life-threatening blood clots, and VIRUSMAX, a proprietary technology for increasing virus yields in the manufacture of influenza vaccine. The company offers products for human health applications, namely in the vaccine, therapeutic, and diagnostic markets, as well as animal reproductive markets. Microbix Biosystems Inc. was founded in 1988 and is headquartered in Mississauga, Canada.

Founded in 1988

microbix biosystems inc (MBX) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: C$217.0K
Founder, Executive Chairman, Member of Audit ...
Total Annual Compensation: C$190.9K
Chief Financial Officer
Total Annual Compensation: C$190.8K
Senior Vice President of Sales & Business Dev...
Total Annual Compensation: C$174.8K
Vice President of Biopharmaceuticals
Total Annual Compensation: C$150.7K
Compensation as of Fiscal Year 2014.

microbix biosystems inc (MBX) Key Developments

Microbix Biosystems Inc. Reports Financial Results for the Second Quarter and Six Months Ended March 31, 2015

Microbix Biosystems Inc. reported financial results for the second quarter and six months ended March 31, 2015. For the quarter, the company reported total revenue of $2,544,900 compared to $2,073,097 in the second quarter last year, or an increase of 23%. Total revenue was made up entirely of Virology products as there was no R & D Contract revenue in the quarter. This improvement was mainly attributable to increased sales of the company's core antigen products. To a lesser extent, sales were positively impacted by the net effects of foreign currency fluctuations versus the Canadian dollar year over year, and the initial sale of the Company's new molecular diagnostic products. Operating income was $86,335 compared to $269,620 in the second quarter of 2014. The lower operating income was the result of increased operating expenses to support the VIRUSMAX litigation during the quarter. Cash generated from operations was $496,135 compared to cash used in operations of $312,696 in the same period last year, primarily due to improved management of working capital compared to the prior year (lower accounts receivable and higher accounts payable). Cash used in investing activities was $2,172,645 in the second quarter compared to $613,245 in the same period last year, primarily due to development of the LumiSort prototype instrument. As a result, net cash inflow was $325,506 compared to $941,391 in the second quarter of last year. For the six months, the company reported total revenue of $4,540,733 compared to $4,000,982 for the same period in 2014, or an increase of 14%. Virology products revenue was $4,421,331 in the first six months compared to $3,812,613 in the same period last year, or an increase of 16%. Strong customer demand accounted for the majority of this increase, in addition to a favorable foreign currency impact. Operating income was $176,888 compared to $484,026 in the first six months of last year. The lower operating income is the result of increased operating expenses to support the VIRUSMAX litigation, which more than offset the impact of higher revenues in the first six months of 2014 compared to the same period last year. Cash generated from operations was $691,341 compared to cash used in operations of $404,149 in the first six months 2014. Cash used in investing activities was $3,332,951 compared to $699,642 in the first six months of last year. The increase was largely due to the investment in the LumiSort prototype in the first six months of 2015. Net cash inflow was $569,543 compared to $889,619 in the same period last year.

Microbix Provides Update on U.S. VIRUSMAX Litigation

Microbix Biosystems Inc. announced that the U.S. District Court in the Eastern District of Texas has provided its decisions on a litigation between Microbix and Novartis. In the matter of whether Novartis has infringed the 18 patent claims asserted by Microbix on its patent 7,270,990 in the United States, the court ruled in favor of Novartis, the defendant. Concerning the defendant's counterclaim seeking a declaratory judgment of patent invalidity, the court dismissed it without prejudice. All other claims and counterclaims asserted between the parties were likewise dismissed without prejudice. Court administration costs, which are not expected to be material, are the responsibility of Microbix. Both parties have the right to appeal the court's decisions. Microbix is reviewing the ruling of the Court and assessing its approaches to enforcing the patent claims relating to its VIRUSMAX® technology. Microbix will provide further comment about these legal matters once its assessments are completed and as it deems to be prudent or required.

Microbix Biosystems Inc. Presents at Bloom Burton & Co. Inc. Healthcare Investor Conference, May-05-2015 03:00 PM

Microbix Biosystems Inc. Presents at Bloom Burton & Co. Inc. Healthcare Investor Conference, May-05-2015 03:00 PM. Venue: Sheraton Centre Toronto Hotel (Corner of York and Queen St. West), Toronto, Ontario, M5H 3M9, Canada. Speakers: Charles S. Wallace, Chief Financial Officer.

 

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