Core Insights - Microbix Biosystems Inc. will present its H5N1 pandemic preparedness results at the ADLM conference in Chicago from July 28 to 31, 2025 [1][2] - The company will showcase its quality assessment products (QAPs™) that ensure the accuracy of antigen and molecular tests [2][3] - A pilot External Quality Assessment (EQA) program will be presented, focusing on the detection of the H5N1 strain using existing molecular tests [3][4] Company Overview - Microbix is a life sciences innovator with over 120 employees and aims for revenues of C$ 2.0 million or more per month [6] - The company specializes in proprietary biological products for human health, including antigens for immunoassays and QAPs that support clinical lab proficiency testing [6][7] - Microbix's QAPs are available in over 30 countries and are supported by a network of international distributors [6] Product Development - The H5N1 QAPs were developed to ensure full genetic coverage of potential pandemic strains and are available in liquid and FLOQSwab formats [5] - The collaboration with American Proficiency Institute (API) is crucial for evaluating the performance of flu tests in detecting H5N1 [4][5] - The company emphasizes the rapid deployment of its capabilities in response to emerging pandemics [5]

Microbix to Develop New Products using NCIPD Organism CollectionMISSISSAUGA, Ontario and SOFIA, Bulgaria, July 08, 2025 (GLOBE NEWSWIRE) -- Microbix Biosystems Inc. (TSX: MBX, OTCQX: MBXBF, Microbix®), a life sciences innovator, manufacturer, and exporter, and the National Center for Infectious and Parasitic Diseases of Bulgaria (“NCIPD”), announce an agreement whereby NCIPD will supply a portfolio of pathogen seedstocks for production of Microbix quality assessment products (“QAPs™”). Following detailed di ...

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].

Pilot Program for Qualifying Clinical Labs to Diagnose Bacterial Vaginosis MISSISSAUGA, Ontario and HELSINKI, Finland, May 13, 2025 (GLOBE NEWSWIRE) -- Microbix Biosystems Inc. (TSX: MBX, OTCQX: MBXBF, Microbix®), a life sciences innovator, manufacturer, and exporter, and Aurevia Oy via its Labquality EQAS affiliate (Aurevia), announce a pilot external quality assessment ("EQA") program to help clinical laboratories establish their proficiency at using molecular diagnostic methods (e.g., PCR tests) to diagn ...

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]

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]