Microbix Presenting Product Results at Industry Conference

Two Abstracts on IVD Controls at EMMD, October 9-11, 2019

MISSISSAUGA, October 8, 2019 - Microbix Biosystems Inc. (TSX: MBX, Microbix®), an innovator of clinical diagnostic materials and quality control medical devices, announces it is making two presentations about the performance of its in-vitro diagnostics quality products (IVD Controls) at the 11th European Meeting on Molecular Diagnostics (EMMD) in Noordwijk, The Netherlands, October 9-11, 2019.

The first is titled "Novel high-risk (hr) HPV NAAT Positive Controls for cross-platform quality control." It reviews the performance of Microbix's novel CE-Marked and FDA-registered medical devices that support quality control of nucleic acid amplification tests (NAATs) for high-risk types of Human Papilloma Virus (HPV). The results show Microbix's IVD Controls for HPV tests contain all required diagnostic targets, support all test steps, and are compatible with the leading NAAT instrument platforms.

The second is titled "Emerging requirements for infectious disease IVD quality control material." It assesses the use of Microbix's liquid-stable External Quality Assessment (EQA) samples for respiratory viruses (Microbix's EQA Respiratory Virus Panel) to support the quality objectives of clinical laboratory testing. The results establish that Microbix's innovative EQA Respiratory Virus Panel works across 19 leading diagnostics company testing platforms - in both the immunologic assay and NAAT categories.

Microbix believes these results show it is addressing the need for effective controls to support the quality objectives of clinical labs testing for high-risk HPV infections or respiratory infections across many diagnostic instrument platforms. It also believes that these products will assist with the provision of effective healthcare globally and that they represent meaningful new revenue opportunities for Microbix.

Two scientific "posters" authored by Microbix's development teams provide the respective product performance results in a complete and succinct fashion, and are being presented by its Director of Quality Assessment Products (QAPs™), Pavel Zhelev, and its Director of R&D, Amer Alagic. The full posters will be made available on the company website, www.microbix.com, after their presentation at EMMD and include Microbix's thankful acknowledgement of its collaborators.

About Microbix Biosystems Inc.

Microbix specializes in developing proprietary biological and technology solutions for human health and well-being. It makes a wide range of critical biological materials for the global diagnostics industry, notably antigens used in immunoassays or quality assessment products. Microbix' products are sold to more than 100 customers worldwide, primarily to multinational diagnostics companies and laboratory accreditation organizations.

Microbix also applies its expertise and infrastructure to create proprietary new products and technologies. Currently it has two; (1) Kinlytic® urokinase, a biologic thrombolytic drug (used to dissolve blood clots) and (2) LumiSort™ cell-sorting, a technology platform for ultra-rapid and efficient sorting of cells or other particles.

Established in 1988, Microbix is a publicly traded company, listed on the Toronto Stock Exchange and headquartered in Mississauga, Ontario, Canada.

The European Meeting on Molecular Diagnostics (EMMD) is devoted to all aspects of molecular diagnostics in human disease and pathology. The EMMD is organized every two years in the Netherlands. These meetings are a continuation of the former Benelux and European meetings on Polymerase Chain Reaction (PCR) diagnostics. However the scope of the meeting has expanded to include other amplification techniques, general probe technologies, and applications across a wide diversity of laboratory disciplines (i.e., Clinical Microbiology, Virology, Pathology, Clinical Chemistry, Clinical Genetics, Pharmacogenetics, Hematology, and Oncology).

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, discussion of financial results or the outlook for the business, risks associated with its financial results and stability, its biologicals business, development projects such as those referenced herein, sales to foreign jurisdictions, engineering and construction, production (including control over costs, quality, quantity and timeliness of delivery), 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.microbix.com or www.sedar.com for recent Microbix filings.

For further information, please contact:

 

Cameron L. Groome, President & CEO
(905) 361-8910 x 350 cameron.groome@microbix.com

Jim Currie, CFO
(905) 361-8910 x 255 jim.currie@microbix.com

Deborah Honig, Investor Relations

Adelaide Capital Markets
(647) 203-8793 ir@microbix.com

Copyright © 2019 Microbix Biosystems Inc.

Microbix®, Kinlytic®, LumiSort™, and QAPs™ are trademarks of the Company

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