Microbix Announces First Shipment of Bioreactor Antigen

Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Club
$299/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Microbix Announces First Shipment of Bioreactor Antigen

Customer Validation of New Manufacturing Process Completed

TORONTO, ONTARIO--(Marketwired - Sept. 13, 2017) - Microbix Biosystems Inc. (TSX:MBX), a developer and marketer of biological products and technologies, announces its first full-scale shipment of antigen produced using its new bioreactor manufacturing process, following customer validation.

Microbix' revenues are derived principally from the sales of its antigens for use in diagnostic tests. Historically, those antigens have been produced in thousands of "roller bottles," a longstanding method of production that requires considerable material and labour inputs. Over the past few years, Microbix has been working to transfer such production to a new method based on "bioreactors." Bioreactors offer the prospect for better process control, greater production capacity in the same facility space and reduced per-unit costs.

Shifting production from roller bottle to bioreactor technology is an involved process, requiring new equipment, expertise, process development and controls. Moving to bioreactor processes also involves validation of the resulting product by customers. The completion of internal processes and external validation has resulted in this first full-scale shipment of antigen made by bioreactor.

Microbix' bioreactor process has been developed in-house, supported in part by a loan from the Business Development Bank of Canada (BDC) and a grant from the Industrial Research Assistance Program (IRAP) of the National Research Council of Canada (NRC). Microbix is grateful for this support and very pleased to announce a positive outcome of this project.

Phil Casselli, SVP of Sales and Business Development, commented, "Adoption of bioreactors will enable Microbix to better meet our customers' needs for increasing quantities of high quality antigens on a cost-effective basis. We are excited about our bioreactor capability becoming fully-commercial and intend to quickly add to our bioreactor capacity." 

Cameron Groome, CEO and President, provided his perspective, "Microbix' move to bioreactor production required considerable time, work and capital, but was needed: Our adoption of state-of-the-art technology positions Microbix to accelerate sales growth and further build on its reputation as a supplier of biologicals critical to the diagnostics industry and important to public health."

About Microbix

Microbix Biosystems Inc. specializes in the development of proprietary biological and technology solutions for human health and wellbeing. The Company manufactures a wide range of critical biological materials for the global diagnostics industry. The Company also applies its biological expertise and technology platforms to create other innovative products and technologies. Currently it is commercializing two such proprietary products, (1) Kinlytic® urokinase, a biologic thrombolytic drug used to treat blood clots, and (2) Lumisort™, a technology platform for ultra-rapid and efficient sorting of somatic cells that can be used to enrich cell populations of interest, such as in sexing semen. Established in 1988, Microbix is a publicly traded company, listed on the Toronto Stock Exchange and headquartered in Mississauga, Ontario, Canada.

Forward-Looking Information

This news release includes "forward-looking information," as such term is defined in applicable securities laws. Forward-looking information includes, without limitation, the risks associated with its bioreactor production, financial results and stability, biologicals business, development projects such as those referenced herein, operations in foreign jurisdictions, engineering and construction generally, production (including control over costs, quality, quantity and timeliness of delivery of products), foreign currency and exchange rates, maintaining adequate working capital and raising further capital on acceptable terms or at all, and other similar statements concerning anticipated future events, conditions or results that are not historical facts. These statements reflect management's current estimates, beliefs, intentions and expectations; they are not guarantees of future performance. The Company cautions that all forward looking information is inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond the Company's control. Accordingly, actual future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. All statements are made as of the date of this news release and represent the Company's judgement as of the date of this new release, and the Company is under no obligation to update or alter any forward-looking information.

Please visit www.sedar.com for recent Microbix Biosystems Inc. filings.

Company Contacts:
Cameron L. Groome
CEO & President
(905) 361-8910
[email protected]

Jim Currie
(905) 361-8910 x 255
[email protected]

Stephen Kilmer
Investor Relations
(647) 872-4849
stephen.[email protected]

Comment On!

Upload limit is up to 1mb only
To post messages to your Socail Media account, you must first give authorization from the websites. Select the platform you wish to connect your account to CanadianInsider.com (via Easy Blurb).