LDX lumos diagnostics holdings limited
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Given they have $10M in CR funds and now up to $8M in CLIA...

  1. FindMyBroker
    1,747 Posts.
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    04/10/24
    09:02
    Post #: 75973222
    Given they have $10M in CR funds and now up to $8M in CLIA waiver support, part of the $10M could be used for ramping manufacturing of the units with additional staff / equipment etc.

    $3M of the CR was to support this. With a further $8M available, you would think that there should be enough funds to support that growth. Further, if the CLIA trial costs less than the $8M from my understanding, LDX can still retain those funds for use elsewhere.

    Keep an eye out for purchase orders on that site. Link if anyone wants it: https://govtribe.com/vendors/kestrel-biosciences-inc-dot-82t59/federal-contract-award

    You need to have a login. Free trial available for 14 days (what i'm on at the moment).
    Last edited by FindMyBroker: 04/10/24
    LDX Price at posting: 4.3¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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