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LexaGene Holdings Inc. (LXG.V)

TSXV - TSXV Real Time Price. Currency in CAD
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0.8500-0.0200 (-2.30%)
At close: 3:10PM EST
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Previous Close0.8700
Open0.8500
Bid0.8400 x 0
Ask0.8600 x 0
Day's Range0.8400 - 0.8600
52 Week Range0.4300 - 1.2800
Volume37,716
Avg. Volume179,115
Market Cap96.655M
Beta (5Y Monthly)2.42
PE Ratio (TTM)N/A
EPS (TTM)-0.1000
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • LexaGene Places MiQLab System at the University of Pennsylvania’s School of Veterinary Medicine
    GlobeNewswire

    LexaGene Places MiQLab System at the University of Pennsylvania’s School of Veterinary Medicine

    BEVERLY, Mass., Nov. 18, 2020 (GLOBE NEWSWIRE) -- LexaGene Holdings, Inc., (TSX-V: LXG; OTCQB: LXXGF) (the “Company”), a molecular diagnostics company that develops fully automated rapid pathogen detection systems, is pleased to announce that it has placed a MiQLab™ system into the clinical microbiology laboratory at the University of Pennsylvania’s School of Veterinary Medicine (Penn Vet) as part of its Early Access Program. Penn Vet provides testing for animal patients at both the Ryan Veterinary Hospital and patients of practices across the US, processing thousands of samples each year. Dr. Jack Regan, LexaGene’s CEO and Founder, states, “We are very excited to be placing our first completed commercial MiQLab system in the Penn Vet microbiology laboratory for their evaluation. This is a tremendous step in delivering our technology into the veterinary market and beyond.”The MiQLab system represents a true breakthrough for veterinary medicine as there is currently no technology available that has been designed for in-clinic, point-of-care multiplex testing for pathogens and markers of antibiotic resistance. This new technology will empower veterinarians to make faster, evidence-based treatment decisions for greater confidence in the therapies they are prescribing.LexaGene’s Early Access Program is an opportunity for forward-looking veterinarians to gain early access to the commercial application of the technology to significantly improve their current turnaround times for testing.Dr. Shelley Rankin, Professor of Microbiology, Head of Diagnostic Services and Chief of Clinical Microbiology at Penn Vet, states, “My laboratory is looking forward to evaluating this fully automated instrument that will allow us to rapidly test clinical samples by PCR to identify pathogens and antimicrobial resistance factors. I’ve been in this field for many years and I am passionate about advancing diagnostics. LexaGene’s technology is the first automated PCR technology available in the veterinary field and the closest I’ve seen to a “STAT” microbiology test. I’m very excited to have this unique opportunity to evaluate the MiQLab at Penn Vet. I hope that it will provide us with the ability to quickly return results to clinicians, which will have a significant impact on patient treatment decisions and antimicrobial stewardship in veterinary medicine.”The initial application of MiQLab focuses on the rapid detection of 20 targets that include common bacterial pathogens infecting companion animals and their associated antimicrobial resistance markers of therapeutic and public health significance. Penn Vet will evaluate the instrument with a range of specimen types, and data collected from the MiQLab will be used to help further determine sensitivity, specificity, and antimicrobial concordance of the test in relation to clinical standards.To be added to the LexaGene email list, please subscribe on the Company website.On Behalf of the Board of Directors Dr. Jack Regan Chief Executive Officer & DirectorAbout LexaGene Holdings Inc. LexaGene is a molecular diagnostics company that develops molecular diagnostic systems for pathogen detection and genetic testing for other molecular markers for on-site rapid testing in veterinary diagnostics, food safety and for use in open-access markets such as clinical research, agricultural testing and biodefense. End-users simply need to collect a sample, load it onto the instrument with a sample preparation cartridge, enter sample ID and press ‘go’. The MiQLab™ system delivers excellent sensitivity, specificity, and breadth of detection and can return results in approximately one hour. The unique open-access feature is designed for custom testing so that end-users can load their own real-time PCR assays onto the instrument to target any genetic target of interest.For further information, please contact:Media Contacts Nicole Ridgedale Director of Corporate Marketing, LexaGene 800.215.1824 ext 206 nridgedale@lexagene.comInvestor Relations Jay Adelaar Vice President of Capital Markets, LexaGene 800.215.1824 ext 207 jadelaar@lexagene.comThe TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.This news release contains forward-looking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectation. Important factors -- including the availability of funds, the results of financing efforts, the success of technology development efforts, the cost to procure critical parts, performance of the instrument, market acceptance of the technology, regulatory acceptance, and licensing issues -- that could cause actual results to differ materially from the Company's expectations as disclosed in the Company's documents filed from time to time on SEDAR (see www.sedar.com). Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

  • LexaGene Receives Purchase Order from a Multinational Biotechnology Company
    GlobeNewswire

    LexaGene Receives Purchase Order from a Multinational Biotechnology Company

    BEVERLY, Mass., Nov. 16, 2020 (GLOBE NEWSWIRE) -- LexaGene Holdings, Inc., (TSX-V: LXG; OTCQB: LXXGF) (the “Company”), a molecular diagnostics company that develops fully automated rapid pathogen detection systems, is pleased to announce that it has received a purchase order for a MiQLab™ system from a multinational biotechnology company that generates billions in annual revenue. MiQLab is the first commercially available open-access multiplex PCR system of its kind. The open-access feature means it is extremely easy for operators to use the automated MiQLab system at their facility to perform customized, highly multiplexed PCR tests. This is highly desirable over the alternative, which is to ship collected samples to a reference laboratory for manual PCR processing by skilled molecular biologists or waiting days for cultures to grow.The biotechnology company that has provided LexaGene a purchase order is a manufacturer of biologics, vaccines, and chemicals. Many of these biologics are grown in bioreactors that can be thousands of liters in size. During scale-up manufacturing, it is possible to have a bioreactor become contaminated with bacteria. The failure to detect such bacteria during the transfer of the product from a small bioreactor to a large bioreactor can cost the company hundreds of thousands of dollars to a million or more dollars.To help prevent massive product losses late in the manufacturing process, the biotechnology company was looking for an easy to use and reliable sample-to-answer system that could process bioreactor material looking for a variety of different bacteria. One of the slower growing bacteria they are targeting can take as much as two weeks to grow sufficiently to be detectable by traditional plate-based culture methods. LexaGene’s customizable MiQLab system solves this problem by automating a PCR test for this slow growing bacterium. PCR amplifies targeted sequences by > 1 billion-fold to provide much earlier detection than is possible when waiting for culture.Earlier this fall, the biotechnology company requested an in-house demonstration of LexaGene’s MiQLab. For this demonstration, LexaGene designed a test for the slow growing C. acnes bacteria and combined it with tests already developed for E. coli, Staphylococcus, and Streptococcus. The biotechnology company arrived at LexaGene with representative samples that were taken from a bioreactor. These samples were separately spiked with each of the targeted bacteria. MiQLab successfully detected all four bacteria – even the slowest growing bacteria, proving LexaGene’s sample preparation cartridge successfully handled the complex sample type from the bioreactor and the MiQLab system achieved very strong detection of the targeted bacteria.Dr. Jack Regan, LexaGene’s CEO and Founder, states, “Years ago, I recognized the life sciences sector lacked automated instrumentation that allows end-users to easily create a customized test. I’m excited to announce that we now have a commercial system available for sale to help solve this problem. It is very gratifying that our first sale will be to a company that wants our technology for open-access use. This is just the beginning. Over the coming weeks and months, we expect to continue to roll out our technology into the open-access market, as well as to the veterinary diagnostics market, and eventually the human clinical diagnostics market.”To be added to the LexaGene email list, please subscribe on the Company website.On Behalf of the Board of Directors Dr. Jack Regan Chief Executive Officer & DirectorAbout LexaGene Holdings Inc. LexaGene is a molecular diagnostics company that develops molecular diagnostic systems for pathogen detection and genetic testing for other molecular markers for on-site rapid testing in veterinary diagnostics, food safety and for use in open-access markets such as clinical research, agricultural testing and biodefense. End-users simply need to collect a sample, load it onto the instrument with a sample preparation cartridge, enter sample ID and press ‘go’. The MiQLab™ system delivers excellent sensitivity, specificity, and breadth of detection and can return results in approximately one hour. The unique open-access feature is designed for custom testing so that end-users can load their own real-time PCR assays onto the instrument to target any genetic target of interest.For further information, please contact:Media Contacts Nicole Ridgedale Director of Corporate Marketing, LexaGene 800.215.1824 ext 206 nridgedale@lexagene.comInvestor Relations Jay Adelaar Vice President of Capital Markets, LexaGene 800.215.1824 ext 207 jadelaar@lexagene.comThe TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.This news release contains forward-looking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectation. Important factors -- including the availability of funds, the results of financing efforts, the success of technology development efforts, the cost to procure critical parts, performance of the instrument, market acceptance of the technology, regulatory acceptance, and licensing issues -- that could cause actual results to differ materially from the Company's expectations as disclosed in the Company's documents filed from time to time on SEDAR (see www.sedar.com). Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

  • LexaGene Announces Results of Annual General Shareholder’s Meeting
    GlobeNewswire

    LexaGene Announces Results of Annual General Shareholder’s Meeting

    BEVERLY, Mass., Nov. 13, 2020 (GLOBE NEWSWIRE) -- LexaGene Holdings, Inc., (TSX-V: LXG; OTCQB: LXXGF) (the “Company”), a molecular diagnostics company that develops fully automated rapid pathogen detection systems, is pleased to announce the voting results of the Company’s 2020 Annual General Shareholder’s Meeting held on November 10, 2020 in Vancouver, British Columbia. A total of 48,273,080 common shares were voted at the Meeting, representing 42.26% of the votes attached to all outstanding common shares of the Company.All matters presented for shareholder approval at the Meeting were duly authorized and approved as follows: * To set the number of Directors to be elected at five. * Election of Directors. * To re-appoint Manning Elliot LLP, Chartered Professional Accountants as the Company’s auditors for the ensuing year. * Increase the number of Common Shares available for conversion of Restricted Share Units. * Increase the number of Common Shares available for exercise of Options. Detailed voting results for the election of directors were as follows:NameShares Voted For%Shares Withheld / Abstain% Dr. John (Jack) Regan22,117,12097.03677,4272.97 Daryl Rebeck22,705,52295.221,089,0254.78 Thomas Richard Slezak22,691,36299.55103,1850.45 Dr. Manohar Furtado22,717,61599.6676,9320.34 Joseph Caruso22,494,35198.68300,1961.32 To be added to the LexaGene email list, please subscribe on the Company website.On Behalf of the Board of Directors Dr. Jack Regan Chief Executive Officer & DirectorAbout LexaGene Holdings Inc. LexaGene is a molecular diagnostics company that develops molecular diagnostic systems for pathogen detection and genetic testing for other molecular markers for on-site rapid testing in veterinary diagnostics, food safety and for use in open-access markets such as clinical research, agricultural testing and biodefense. End-users simply need to collect a sample, load it onto the instrument with a sample preparation cartridge, enter sample ID and press ‘go’. The MiQLab™ system delivers excellent sensitivity, specificity, and breadth of detection and can return results in approximately one hour. The unique open-access feature is designed for custom testing so that end-users can load their own real-time PCR assays onto the instrument to target any genetic target of interest.For further information, please contact:Media Contacts Nicole Ridgedale Director of Corporate Marketing, LexaGene 800.215.1824 ext 206 nridgedale@lexagene.comInvestor Relations Jay Adelaar Vice President of Capital Markets, LexaGene 800.215.1824 ext 207 jadelaar@lexagene.comThe TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.This news release contains forward-looking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectation. Important factors -- including the availability of funds, the results of financing efforts, the success of technology development efforts, the cost to procure critical parts, performance of the instrument, market acceptance of the technology, regulatory acceptance, and licensing issues -- that could cause actual results to differ materially from the Company's expectations as disclosed in the Company's documents filed from time to time on SEDAR (see www.sedar.com). Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.