CARMEL, Ind., May 20, 2025 (GLOBE NEWSWIRE) -- MBX Biosciences, Inc. (Nasdaq: MBX), a clinical- stage biopharmaceutical company focused on the discovery and development of novel precision peptide therapies for the treatment of endocrine and metabolic disorders, today announced that Kent Hawryluk, President and Chief Executive Officer, will present at and participate in the following investor conferences: Goldman Sachs Global Healthcare Conference Date: June 9, 2025 Podium Presentation: June 9, 2025, 10:40 a ...

Core Insights - Microbix Biosystems Inc. reported Q2 and H1 fiscal 2025 results, showing a mixed performance with improved gross margins but a decline in overall revenues compared to the previous year [1][2][6]. Financial Performance - Q2 revenue was $5.3 million, a 5% decrease from $5.6 million in Q2 2024, with antigen revenues increasing by 5% to $4.3 million, while QAPs revenues fell by 38% to $864,320 due to delays in assay-development programs [3][10]. - H1 revenue totaled $11.4 million, a 19% decrease from $14.0 million in H1 2024, influenced by the absence of $4.1 million in Kinlytic licensing payments; excluding this, revenues increased by 14% [6][8]. - Gross margin for Q2 improved to 60% from 53% in the previous year, driven by better manufacturing efficiencies and pricing strategies [4][10]. - H1 gross margin was 61%, slightly down from 65% in H1 2024, but improved by 10% when excluding the impact of Kinlytic licensing revenues [7]. Operating Expenses and Income - Operating expenses in Q2 increased by 21% compared to Q2 2024, primarily due to higher investments in R&D and sales and marketing [4][10]. - Q2 net income was $20,664, a significant drop from $377,730 in Q2 2024, while H1 net income was $877,627 compared to $2.8 million in H1 2024, largely due to the absence of Kinlytic licensing fees [5][8]. Cash Position and Liquidity - Cash and equivalents at the end of Q2 stood at $14.5 million, an increase of $1.5 million from the previous quarter, despite debt repayments and share repurchases [5][10]. - The current ratio improved to 9.68, and the debt to equity ratio decreased to 0.27, indicating enhanced financial strength [9][10]. Business Outlook - Management expressed a cautious outlook for the second half of fiscal 2025, particularly for the Antigens business, due to reduced sales into China [2][11].

[PART I. FINANCIAL INFORMATION](index=3&type=section&id=PART%20I.%20FINANCIAL%20INFORMATION) [Item 1. Financial Statements (Unaudited)](index=3&type=section&id=Item%201.%20Financial%20Statements%20(Unaudited)) The unaudited condensed financial statements for the quarter ended March 31, 2025, show a significant increase in net loss to **$23.9 million** compared to **$12.3 million** in the prior year's quarter, driven by higher research and development expenses. The company's financial position remains strong with **$240.8 million** in cash, cash equivalents, and marketable securities, which management believes is sufficient to fund operations for at least the next 12 months [Condensed Balance Sheets](index=5&type=section&id=Condensed%20Balance%20Sheets) Total assets decreased to **$245.9 million** as of March 31, 2025, from **$268.5 million** at year-end 2024, mainly due to a reduction in cash and cash equivalents. Total liabilities saw a minor decrease, while total stockholders' equity fell from **$257.4 million** to **$235.4 million**, reflecting the net loss for the period Condensed Balance Sheet Highlights (in thousands) | Account | March 31, 2025 | December 31, 2024 | | :--- | :--- | :--- | | **Assets** | | | | Cash and cash equivalents | $29,903 | $49,351 | | Marketable securities | $210,883 | $212,798 | | Total current assets | $244,276 | $267,286 | | Total assets | $245,926 | $268,535 | | **Liabilities & Equity** | | | | Total current liabilities | $10,481 | $11,051 | | Total liabilities | $10,504 | $11,093 | | Total stockholders' equity | $235,422 | $257,442 | | Total liabilities and stockholders' equity | $245,926 | $268,535 | [Condensed Statements of Operations and Comprehensive Loss](index=6&type=section&id=Condensed%20Statements%20of%20Operations%20and%20Comprehensive%20Loss) For the three months ended March 31, 2025, the company reported a net loss of **$23.9 million**, nearly double the **$12.3 million** loss from the same period in 2024. The increased loss was primarily driven by a significant rise in operating expenses, with R&D costs increasing to **$22.4 million** and G&A costs to **$4.1 million**. Net loss per share was **$(0.71)** Statement of Operations Summary (in thousands, except per share data) | Metric | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Research and development | $22,405 | $11,049 | | General and administrative | $4,124 | $2,265 | | Total operating expenses | $26,529 | $13,314 | | Loss from operations | $(26,529) | $(13,314) | | Interest and other income, net | $2,649 | $977 | | **Net loss** | **$(23,880)** | **$(12,337)** | | Net loss per common share, basic and diluted | $(0.71) | $(10.26) | [Condensed Statements of Stockholders' Equity (Deficit) and Convertible Preferred Stock](index=7&type=section&id=Condensed%20Statements%20of%20Stockholders'%20Equity%20(Deficit)%20and%20Convertible%20Preferred%20Stock) Total stockholders' equity decreased by **$22.0 million** during the first quarter of 2025, from **$257.4 million** to **$235.4 million**. The reduction was primarily due to the net loss of **$23.9 million**, partially offset by **$1.8 million** in stock-based compensation expense - The primary driver for the decrease in stockholders' equity was the net loss of **$23.9 million** for the quarter[21](index=21&type=chunk) - All outstanding convertible preferred stock was converted into common stock in September 2024, prior to the company's IPO. As of March 31, 2025, there were no shares of convertible preferred stock outstanding[52](index=52&type=chunk) [Condensed Statements of Cash Flows](index=8&type=section&id=Condensed%20Statements%20of%20Cash%20Flows) Net cash used in operating activities was **$22.7 million** for Q1 2025, a significant increase from **$10.7 million** in Q1 2024, reflecting higher operating losses. Net cash provided by investing activities was **$3.2 million**. The company's cash and cash equivalents decreased by **$19.4 million** during the quarter, ending at **$29.9 million** Cash Flow Summary (in thousands) | Activity | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Net cash used in operating activities | $(22,678) | $(10,710) | | Net cash provided by investing activities | $3,226 | $15,429 | | Net cash provided by financing activities | $4 | $183 | | **Net (decrease) increase in cash** | **$(19,448)** | **$4,902** | [Notes to Unaudited Condensed Financial Statements](index=9&type=section&id=Notes%20to%20Unaudited%20Condensed%20Financial%20Statements) The notes detail the company's business as a clinical-stage biopharmaceutical firm and confirm its liquidity position, stating that existing cash of **$240.8 million** is sufficient to fund operations for at least 12 months. Key disclosures include details on marketable securities, lease commitments, an amended license agreement with IURTC potentially requiring **$9.3 million** in future milestone payments, and stock-based compensation plans - The company is a clinical-stage biopharmaceutical company focused on novel precision peptide therapies for endocrine and metabolic disorders[27](index=27&type=chunk) - As of March 31, 2025, the company had **$240.8 million** in cash, cash equivalents, and marketable securities and believes this is sufficient to fund obligations for at least 12 months[29](index=29&type=chunk) - An amendment to the license agreement with IURTC in January 2024 could result in up to **$9.3 million** in future clinical and regulatory milestone payments[48](index=48&type=chunk)[87](index=87&type=chunk) - Total unrecognized stock-based compensation cost was **$23.2 million** as of March 31, 2025, expected to be recognized over a weighted-average period of 3.1 years[64](index=64&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=23&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses significant progress in its clinical pipeline, including the completion of enrollment for the Phase 2 trial of canvuparatide with data expected in Q3 2025, and plans to initiate a Phase 2 trial for MBX 1416 in H2 2025. The analysis of financial results highlights a **$11.4 million** year-over-year increase in R&D expenses, driven by advancing these programs. The company confirms its cash runway, with existing funds of **$240.8 million** expected to support operations into mid-2027 - The company is advancing its pipeline, with key updates on its lead candidates: - **canvuparatide (HP):** Phase 2 enrollment of **64 patients** is complete; topline data anticipated in Q3 2025[75](index=75&type=chunk) - **MBX 1416 (PBH):** Phase 1 trial completed; a Phase 2 trial is expected to start in the second half of 2025[76](index=76&type=chunk) - **MBX 4291 (Obesity):** An Investigational New Drug (IND) submission is anticipated in Q2 2025[77](index=77&type=chunk) Operating Expense Changes (Q1 2025 vs Q1 2024, in thousands) | Expense Category | Q1 2025 | Q1 2024 | Change ($) | | :--- | :--- | :--- | :--- | | Research and development | $22,405 | $11,049 | $11,356 | | General and administrative | $4,124 | $2,265 | $1,859 | | **Total operating expenses** | **$26,529** | **$13,314** | **$13,215** | - The **$11.4 million** increase in R&D expenses was primarily due to the ongoing Phase 2 trial for canvuparatide and IND-enabling studies for MBX 4291[98](index=98&type=chunk) - The company believes its existing cash, cash equivalents, and marketable securities of **$240.8 million** will be sufficient to fund operating expenses and capital expenditure requirements into mid-2027[83](index=83&type=chunk)[103](index=103&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=25&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company is a smaller reporting company and, as such, is not required to provide the information requested by this item - As a smaller reporting company, MBX Biosciences is exempt from the requirement to provide quantitative and qualitative disclosures about market risk[124](index=124&type=chunk) [Item 4. Controls and Procedures](index=25&type=section&id=Item%204.%20Controls%20and%20Procedures) Based on an evaluation as of March 31, 2025, the company's management, including the CEO and CFO, concluded that its disclosure controls and procedures were effective. There were no material changes in the company's internal control over financial reporting during the quarter - Management concluded that the company's disclosure controls and procedures were effective at a reasonable level as of March 31, 2025[126](index=126&type=chunk) - No changes occurred in the company's internal control over financial reporting during the quarter ended March 31, 2025, that have materially affected, or are reasonably likely to materially affect, internal controls[127](index=127&type=chunk) [PART II. OTHER INFORMATION](index=26&type=section&id=PART%20II.%20OTHER%20INFORMATION) [Item 1. Legal Proceedings](index=26&type=section&id=Item%201.%20Legal%20Proceedings) The company reports that it is not currently a party to any legal proceedings that are expected to have a material adverse effect on its business - The company is not currently involved in any material legal proceedings[129](index=129&type=chunk) [Item 1A. Risk Factors](index=26&type=section&id=Item%201A.%20Risk%20Factors) There have been no material changes to the risk factors previously disclosed in the company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024 - The company refers stakeholders to the risk factors disclosed in its 2024 Annual Report on Form 10-K, stating no material changes have occurred[130](index=130&type=chunk) [Item 2. Unregistered Sales of Equity Securities, Use of Proceeds and Issuer Purchases of Equity Securities](index=26&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities,%20Use%20of%20Proceeds%20and%20Issuer%20Purchases%20of%20Equity%20Securities) During the quarter, the company did not have any unregistered sales of equity securities. It repurchased **173 shares** of its common stock from a former consultant at an average price of **$0.48 per share** in February 2025 - There were no unregistered sales of equity securities during the three months ended March 31, 2025[131](index=131&type=chunk) Issuer Repurchases of Securities (Q1 2025) | Period | Total Shares Purchased | Average Price Paid per Share | | :--- | :--- | :--- | | February 2025 | 173 | $0.48 | [Item 3. Defaults Upon Senior Securities](index=27&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities) The company reports that there were no defaults upon senior securities during the period - None[136](index=136&type=chunk) [Item 4. Mine Safety Disclosures](index=27&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This item is not applicable to the company - Not applicable[137](index=137&type=chunk) [Item 5. Other Information](index=27&type=section&id=Item%205.%20Other%20Information) On May 9, 2025, the company amended its principal executive office lease in Carmel, expanding the office space to **8,260 square feet** and extending the lease term to December 31, 2028. Additionally, no directors or officers adopted or terminated a Rule 10b5-1 trading plan during the quarter - On May 9, 2025, the company amended its Carmel office lease, expanding the premises and extending the term through December 31, 2028, with future minimum rent payments under the amendment totaling **$0.7 million**[138](index=138&type=chunk)[139](index=139&type=chunk) - No directors or officers adopted or terminated a Rule 10b5-1 trading plan or arrangement during the fiscal quarter[141](index=141&type=chunk) [Item 6. Exhibits](index=28&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed with the Form 10-Q, including required certifications by the CEO and CFO, and the first amendment to the company's office lease - Key exhibits filed include the First Amendment to the Office Lease and certifications from the Principal Executive Officer and Principal Financial Officer[142](index=142&type=chunk) [Signatures](index=29&type=section&id=Signatures)

[Report Highlights](index=1&type=section&id=Report%20Highlights) MBX Biosciences reported significant progress in its clinical programs during the first quarter of 2025, with key milestones anticipated later in the year, including topline data for canvuparatide and an imminent IND submission for MBX 4291, while maintaining a strong financial position with a cash runway into mid-2027 - Topline results for the Phase 2 Avail™ trial of canvuparatide in patients with hypoparathyroidism are expected in the third quarter of 2025[1](index=1&type=chunk)[2](index=2&type=chunk)[3](index=3&type=chunk) - An Investigational New Drug (IND) application for MBX 4291, a novel treatment for obesity, is on track for submission in the second quarter of 2025[1](index=1&type=chunk)[2](index=2&type=chunk)[4](index=4&type=chunk) - The company holds **$240.8 million** in cash, cash equivalents, and marketable securities as of March 31, 2025, which is expected to fund operations into mid-2027[1](index=1&type=chunk)[9](index=9&type=chunk) [Clinical Program and Corporate Highlights](index=1&type=section&id=First%20Quarter%202025%20and%20Recent%20Corporate%20Highlights) The company provided specific updates on its three main clinical programs, including completed enrollment for canvuparatide, imminent IND submission for MBX 4291, and planned Phase 2 trial for MBX 1416, alongside a new board appointment [Hypoparathyroidism (HP): Canvuparatide (MBX 2109)](index=1&type=section&id=Hypoparathyroidism%20(HP)%3A%20Canvuparatide%20(MBX%202109)) - Enrollment for the Phase 2 Avail trial of canvuparatide was completed with **64 participants**, exceeding the original target, with topline results expected in Q3 2025[3](index=3&type=chunk) [Obesity: MBX 4291](index=1&type=section&id=Obesity%3A%20MBX%204291) - The company is on track to submit an IND application for MBX 4291, a once-monthly GLP-1/GIP co-agonist prodrug for obesity, in Q2 2025[4](index=4&type=chunk) [Post-bariatric Hypoglycemia (PBH): MBX 1416](index=2&type=section&id=Post-bariatric%20Hypoglycemia%20(PBH)%3A%20MBX%201416) - Following an End of Phase 1 meeting with the FDA, a Phase 2 trial for MBX 1416 is expected to be initiated in the second half of 2025[5](index=5&type=chunk) [Corporate](index=2&type=section&id=Corporate) - In April, Steve Hoerter, a veteran executive with extensive pharmaceutical leadership, was appointed as an independent director to the company's board[6](index=6&type=chunk) [First Quarter 2025 Financial Results](index=2&type=section&id=First%20Quarter%202025%20Financial%20Results) For the first quarter of 2025, MBX Biosciences reported a net loss of $23.9 million, an increase from the $12.3 million loss in the same period of 2024, primarily due to a significant rise in R&D expenses related to the advancement of its clinical trials, while maintaining a strong financial position with $240.8 million in cash and marketable securities Financial Metric | Financial Metric | Q1 2025 | Q1 2024 | Change (YoY) | | :--- | :--- | :--- | :--- | | R&D Expenses | $22.4 million | $11.0 million | +$11.4 million | | G&A Expenses | $4.1 million | $2.3 million | +$1.8 million | | Net Loss | $23.9 million | $12.3 million | +$11.6 million | Financial Position | Financial Position | March 31, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Cash, cash equivalents and marketable securities | $240.8 million | $262.1 million | | Total Assets | $245.9 million | $268.5 million | | Total Stockholders' Equity | $235.4 million | $257.4 million | [Statements of Operations Data](index=5&type=section&id=Statements%20of%20Operations%20Data) Statements of Operations Data (in thousands, except per share data) | (in thousands, except per share data) | Three months ended March 31, 2025 | Three months ended March 31, 2024 | | :--- | :--- | :--- | | Research and development | $22,405 | $11,049 | | General and administrative | $4,124 | $2,265 | | **Total operating expenses** | **$26,529** | **$13,314** | | Loss from operations | $(26,529) | $(13,314) | | Interest and other income, net | $2,649 | $977 | | **Net loss** | **$(23,880)** | **$(12,337)** | | Net loss per common share, basic and diluted | $(0.71) | $(10.26) | [Balance Sheet Data](index=5&type=section&id=Balance%20Sheet%20Data) Balance Sheet Data (in thousands) | (in thousands) | March 31, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Cash, cash equivalents and marketable securities | $240,786 | $262,149 | | Working capital | $233,795 | $256,235 | | Total assets | $245,926 | $268,535 | | Total liabilities | $10,504 | $11,093 | | Total stockholders' equity | $235,422 | $257,442 | [Company and Technology Overview](index=2&type=section&id=About%20MBX%20Biosciences) MBX Biosciences is a clinical-stage biopharmaceutical company developing novel peptide therapies for endocrine and metabolic disorders, leveraging its proprietary Precision Endocrine Peptide (PEP™) platform to engineer drugs with optimized properties for conditions like hypoparathyroidism, post-bariatric hypoglycemia, and obesity - The company's pipeline includes canvuparatide (Phase 2 for HP), MBX 1416 (Phase 1 for PBH), and an obesity portfolio led by MBX 4291[8](index=8&type=chunk) - The proprietary PEP™ platform is designed to create therapies with improved pharmaceutical properties, including extended time-action profiles and consistent drug concentrations, allowing for less frequent dosing[10](index=10&type=chunk) [Forward-Looking Statements](index=3&type=section&id=Forward-Looking%20Statements) This section provides a standard safe harbor statement, cautioning that the press release contains forward-looking statements regarding clinical trial timelines, regulatory submissions, and financial projections, which are subject to various risks and uncertainties detailed in the company's SEC filings - The report contains forward-looking statements regarding the timing of clinical trial results, IND submissions, product development, and financial runway[11](index=11&type=chunk) - Investors are advised that actual results could differ materially from expectations due to risks and uncertainties detailed in the company's SEC filings, such as the Form 10-Q and Form 10-K[12](index=12&type=chunk)

Topline results for the Phase 2 Avail™ evaluating canvuparatide in patients with hypoparathyroidism expected in 3Q 2025 Investigational New Drug submission for MBX 4291 on track for 2Q 2025 $240.8 million in cash, cash equivalents and marketable securities as of March 31, 2025; expected to support operations into mid-2027 CARMEL, Ind., May 12, 2025 (GLOBE NEWSWIRE) -- MBX Biosciences, Inc. (Nasdaq: MBX), a clinical-stage biopharmaceutical company focused on the discovery and development of novel precision p ...

Company Overview - Microbix Biosystems Inc. is a life sciences innovator, manufacturer, and exporter, focusing on proprietary biological products for human health [4] - The company has over 120 skilled employees and is targeting revenues of C$ 2.0 million per month [4] - Microbix specializes in critical ingredients and devices for the global diagnostics industry, including antigens for immunoassays and laboratory quality assessment products (QAPs™) [4] Financial Results Announcement - Microbix plans to file its financial statements and results for the second quarter of fiscal 2025, which ended on March 31, 2025, before trading starts on May 15, 2025 [1] - A webinar discussion regarding the Q2 2025 results will be held at 11:00 AM ET on the same day, featuring the CEO, CFO, and COO [1] Webinar Participation - Investors and shareholders can participate in the webinar hosted by Adelaide Capital by registering online [2] - The webinar will also be live-streamed on YouTube, and a replay will be available on Adelaide Capital's YouTube channel [2][3] Product and Market Reach - Microbix's antigens are utilized by approximately 100 diagnostics manufacturers, and its QAPs are sold to clinical lab accreditation organizations, diagnostics companies, and clinical labs [4] - The QAPs are available in over 30 countries, supported by a network of international distributors [4] - The company is ISO 9001 & 13485 accredited and registered with U.S. FDA, Australian TGA, and Health Canada [4]

Summary of MBX Biosciences Conference Call Company Overview - **Company**: MBX Biosciences - **Type**: Public clinical stage biopharmaceutical company - **CEO**: Kent Harlock - **Focus**: Development of peptide therapeutics using the precision endocrine peptide (PEP) platform technology [3][4] Industry Context - **Sector**: Biotechnology - **Recent Activity**: Recent IPO in the biotech space, with a focus on rare endocrine diseases and obesity treatments [1][3] Key Points and Arguments Pipeline and Product Candidates - **Clinical Programs**: Two clinical stage programs with a third expected soon, targeting significant unmet needs in rare endocrine diseases: - Hypoparathyroidism (HP) - Post-bariatric hypoglycemia (PBH) - Obesity treatments [5][6] - **Revenue Potential**: Estimated over $1 billion in revenue for each rare disease program, with considerable upside for the obesity portfolio [5][6] - **Lead Drug**: Campuperatide, a potential first once-weekly PTH replacement therapy, has orphan drug designation in the US and positive phase one results [6][9] - **Second Compound**: NBX1416, a long-acting GLP-1 antagonist for PBH, with plans to advance to phase two trials [7][39] Clinical Trial Insights - **Phase II Trial for HP**: Fully enrolled with 64 patients, designed to support dose selection for phase three and provide comprehensive data for comparison with peers [13][29] - **Primary Endpoint**: Proportion of patients eliminating active vitamin D supplements while maintaining normal serum calcium levels, aiming for a 50% placebo-adjusted treatment response [27][30] - **Phase II for PBH**: Expected to begin in the second half of the year, with a focus on optimizing dosing based on previous studies [40][43] Competitive Landscape - **Standard of Care**: Current treatments for HP are inadequate, leading to fluctuations in serum calcium levels and adverse effects. MBX aims to provide a superior alternative with its once-weekly dosing [9][12][18] - **Comparison with Competitors**: MBX's products are designed to have a more stable pharmacokinetic profile compared to existing therapies, which may lead to better patient adherence and outcomes [12][24][39] Financial Position - **Funding**: Strong financial position with cash to support operations into mid-2027, allowing for multiple value-creating milestones [5][6] Future Outlook - **Market Potential**: Significant unmet needs in both HP and PBH, with no approved pharmacotherapy for PBH, indicating a strong market opportunity for MBX's products [38] - **Obesity Focus**: Anticipation of additional obesity candidates in the future, leveraging the PEP platform technology [51][52] Additional Important Insights - **Patient Experience**: Current standard of care for HP requires inconvenient dosing regimens, highlighting the need for more patient-friendly options [18][19] - **Regulatory Considerations**: Engagement with the FDA to optimize study designs and claims for product labeling [22][24] - **Long-term Vision**: MBX aims to establish itself as a leader in peptide therapeutics, with a focus on continuous innovation and addressing chronic diseases [49][50] This summary encapsulates the key points discussed during the conference call, highlighting MBX Biosciences' strategic direction, product pipeline, and market opportunities.

Core Points - Sequel Pharma has signed an agreement with a leading CDMO for the manufacturing of Kinlytic, a biologic drug for dissolving blood clots [1][4] - Sequel Pharma is committed to funding the return of Kinlytic to global markets, targeting the $400 million U.S. market for catheter clearance [2] - Kinlytic is an enzyme derived from human cell cultures, already approved for clinical use in the U.S., and the goal is to validate new manufacturing processes for re-entry into the market [3][5] Company Overview - Microbix Biosystems Inc. specializes in creating proprietary biological products for human health, with annualized sales targeting C$2.0 million per month [7] - The company produces critical ingredients for the global diagnostics industry, including antigens for immunoassays and laboratory quality assessment products [7][8] - Microbix is ISO 9001 & 13485 accredited and registered with U.S. FDA, Australian TGA, and Health Canada [7]

Company Overview - Microbix Biosystems Inc. is a life sciences innovator, manufacturer, and exporter, focusing on proprietary biological products for human health [4] - The company has over 120 skilled employees and aims for revenues of C$ 2.0 million or more per month [4] - Microbix specializes in critical ingredients and devices for the global diagnostics industry, including antigens for immunoassays and laboratory quality assessment products (QAPs™) [4][5] Product and Service Offerings - Microbix's antigens support antibody tests for approximately 100 diagnostics makers, while QAPs are sold to clinical lab accreditation organizations, diagnostics companies, and clinical labs [4] - The company also develops proprietary products such as Kinlytic, a biologic thrombolytic drug for treating blood clots, and reagents for molecular diagnostic testing [5] Conference Participation - Microbix will attend and present at the 2025 Bloom Burton & Co. Healthcare Investor Conference on May 5 & 6, 2025 [1][2] - CEO Cameron Groome will present to investors on May 6 at 2:30 p.m. Eastern Time, and senior management will engage in one-on-one meetings with investors [2] Industry Context - The Bloom Burton & Co. Conference aims to connect investors with developments in the Canadian healthcare and life sciences sector [2][3] - Bloom Burton & Co. provides capital raising, M&A advisory, equity research, and strategic advisory services to accelerate returns in the healthcare sector [3]

MISSISSAUGA, Ontario, April 09, 2025 (GLOBE NEWSWIRE) -- Microbix Biosystems Inc. (TSX: MBX, OTCQX: MBXBF, Microbix), a life sciences innovator, manufacturer, and exporter, announces that it will be attending and exhibiting at ESCMID Global 2025 and that a customer and collaborator will be presenting results of a pilot External Quality Assessment (EQA) program enabled by Microbix Quality Assessment Products (QAPs™). ESCMID Global is the Congress of the European Society of Clinical Microbiology and Infectiou ...