Microbix Biosystms ( (TSE:MBX) ) has provided an update.
Microbix Biosystems Inc. has optimized its capital structure by repaying a C$ 1.2 million mortgage and expanding its line of credit from C$ 2.0 million to C$ 4.0 million. These financial moves are expected to reduce interest expenses and provide greater strategic flexibility, allowing the company to reinvest in growth and adapt to market changes. With these changes, Microbix aims to maintain financial strength, support operations, and ensure resilience against economic uncertainties.
More about Microbix Biosystms
Microbix Biosystems Inc. is a Canadian life sciences company that creates proprietary biological products for human health. It manufactures and exports critical ingredients and devices for the global diagnostics industry, including antigens for immunoassays and laboratory quality assessment products (QAPs). Microbix’s products support clinical lab proficiency testing and ensure the quality of diagnostic workflows. The company is ISO 9001 & 13485 accredited, U.S. FDA registered, and operates in over 30 countries.
YTD Price Performance: 5.00%
Average Trading Volume: 202,306
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$58.79M
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