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LexaGene Holdings Inc. (LXG.V)

TSXV - TSXV Real Time Price. Currency in CAD
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1.1600+0.0600 (+5.45%)
At close: 3:55PM EST
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Previous Close1.1000
Open1.1500
Bid1.1600 x 0
Ask1.1800 x 0
Day's Range1.0800 - 1.2000
52 Week Range0.4300 - 1.5400
Volume516,602
Avg. Volume475,593
Market Cap132.66M
Beta (5Y Monthly)2.35
PE Ratio (TTM)N/A
EPS (TTM)-0.0950
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • LexaGene Announces Change in Management and Appoints New Member to the Board of Directors
    GlobeNewswire

    LexaGene Announces Change in Management and Appoints New Member to the Board of Directors

    BEVERLY, Mass., Feb. 12, 2021 (GLOBE NEWSWIRE) -- LexaGene Holdings, Inc., (TSX-V: LXG; OTCQB: LXXGF) (the “Company”), a molecular diagnostics company that develops fully automated rapid pathogen detection systems, announces that Mr. Daryl Rebeck will resign from the Board and his position as the President of the Company effective February 15, 2021, and Stephen J. Mastrocola has joined LexaGene’s Board of Directors. Dr. Jack Regan, LexaGene’s CEO and Founder, states, “I’m immensely grateful to Daryl for being my partner and helping me found this company four years ago. I would like to thank him for all his hard work and leadership and wish him great success in his future endeavors.” Mr. Daryl Rebeck comments, “The pandemic has certainly presented some challenges for me to travel to the Beverly office while based outside of the country. I am confident that Jack and the current management team will continue to move the company forward. I am incredibly proud of what we’ve built at LexaGene, and the company has my continued support.” As a board member, Mr. Mastrocola brings almost 40 years of accounting and auditing experience working with public and private companies. Mr. Mastrocola recently retired from Ernst & Young LLP (EY) after 19 years, where he was a senior assurance partner and led EY’s New England Assurance Practice for several years. Prior to EY, Mr. Mastrocola was an assurance partner at Arthur Andersen LLP. Through his 40-year career at leading auditing firms, he served primarily emerging and growth-oriented companies in the life science sector with products in medical devices and diagnostics. Mr. Mastrocola is a Certified Public Accountant with extensive experience in various financial transactions including IPOs, debt financings, mergers and acquisitions, revenue recognition, internal controls and corporate governance, including compliance matters. Mr. Mastrocola is also a member of LaunchPad Venture Group and serves on the Boards of Partners for Youth with Disabilities and the New England Aquarium. Dr. Regan continues, “We are extremely excited to have Steve join our board. He brings strong leadership skills, a wealth of knowledge, and connections in the industry that will be critical for LexaGene to meet its growth goals in 2021 and beyond.” To be added to the LexaGene email list, please subscribe on the Company website. On Behalf of the Board of DirectorsDr. Jack ReganChief Executive Officer & Chairman About 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 ContactNicole RidgedaleDirector of Corporate Marketing, LexaGene800.215.1824 ext 206nridgedale@lexagene.com Investor RelationsJay AdelaarVice President of Capital Markets, LexaGene800.215.1824 ext 207jadelaar@lexagene.com The 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’s MiQLab Successfully Detects Mutant UK and South African COVID-19 Sequences
    GlobeNewswire

    LexaGene’s MiQLab Successfully Detects Mutant UK and South African COVID-19 Sequences

    Using MiQLab system’s open-access capability for rapid test configurationBEVERLY, Mass., Feb. 10, 2021 (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 successfully configured a MiQLab™ system to detect mutant sequences unique to the United Kingdom (UK, B.1.1.7)1 and South African (SA, B.1.351)2 variants of SARS-CoV-2, the pathogen that causes COVID-19. The UK variant, known to be more contagious and possibly deadlier, was first detected in the United States at the end of December and has now been identified in 33 states.3 Likewise, both the SA and Brazilian variants were first detected in the United States at the end of January, and several cases have now been reported in the United States, suggesting more widespread infections. The UK, SA, and Brazilian variants have now acquired mutations that may likely reduce the efficacy of approved vaccines and therapeutics.4,5 LexaGene’s MiQLab is designed for point-of-care use and for simultaneous screening of numerous respiratory pathogens, including COVID-19 strain identification. The system is open-access, which allows for new tests to be easily loaded onto the system. This is a unique feature that is not found in any other system designed for point-of-care use. Dr. Jack Regan, LexaGene’s CEO and Founder states, “Just three weeks ago, we designed assays to detect the UK and SA variants to demonstrate proof-of-principle that these assays could be quickly ported onto the MiQLab. After just two full work days of having these reagents in-house, we verified our MiQLab could detect mutations associated with these variants. With proper FDA approvals, these tests could quickly be sent to MiQLabs operating at the point-of-care for faster detection, which would likely improve containment efforts for the spread of these new variants.” Dr. Regan continues, “The optimism over the increasing availability of COVID-19 vaccines needs to be tempered with the worrisome potential that some of these new variants are not only more contagious, but also may render these vaccines less effective. Generally, getting a new vaccine authorized for use by FDA takes six or more months, so we really need to rely on better diagnostics to stop the spread of these new variants before they become more widespread and nearly impossible to contain. MiQLab’s open-access design allows the system to be quickly configured to detect new variants at the point-of-care. As such, our technology fills a critical testing gap we have in our defenses against these ever-changing pathogens.” LexaGene is pursuing FDA EUA for COVID-19 testing using assays that are predicted to detect >99.9% of the strains circulating today based on published sequences, including the UK, SA, and Brazilian variants. At this time, LexaGene has no plans to incorporate the variant specific tests into the initial FDA studies for Emergency Use Authorization (EUA) for COVID-19 testing. As is standard practice, until the FDA grants LexaGene’s instrument EUA for COVID-19 testing, all work using LexaGene instruments is classified as Research Use Only and cannot be used for human clinical diagnostics. To date, there is no FDA approved device that is designed for point-of-care usage and is open-access. The Company is not making any express or implied claims that its product has the ability to eliminate, cure or contain the COVID-19 (or SARS-2 Coronavirus) at this time. To be added to the LexaGene email list, please subscribe on the Company website. On Behalf of the Board of DirectorsDr. Jack ReganChief Executive Officer & Director About 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 ContactNicole RidgedaleDirector of Corporate Marketing, LexaGene800.215.1824 ext 206nridgedale@lexagene.com Investor RelationsJay AdelaarVice President of Capital Markets, LexaGene800.215.1824 ext 207jadelaar@lexagene.com The 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. 1 https://www.ecdc.europa.eu/sites/default/files/documents/SARS-CoV-2-variant-multiple-spike-protein-mutations-United-Kingdom.pdf2 https://www.eatthis.com/news-cdc-mutant-covid-south-africa/3 https://www.cdc.gov/coronavirus/2019-ncov/transmission/variant-cases.html4 https://www.newscientist.com/article/2266429-uk-coronavirus-variant-gets-nastier-as-south-african-variant-spreads/5 https://www.cdc.gov/coronavirus/2019-ncov/transmission/variant.html

  • We Think LexaGene Holdings (CVE:LXG) Can Afford To Drive Business Growth
    Simply Wall St.

    We Think LexaGene Holdings (CVE:LXG) Can Afford To Drive Business Growth

    There's no doubt that money can be made by owning shares of unprofitable businesses. For example, although Amazon.com...