Bioshares featured LBT in their newsletter last week, rating it a "Speculative Buy Class A", with FDA approval expected "later in the year", much longer than most expect. The information appeared to be derived from a discussion with Guthrie so maybe she was going on an absolute worst case scenario. LBT likely a sleeper until approval comes through but would have to be a big pop given the current valuation.
The article pointed out that bioMerieux and BectonDickinson are both working on similar instrumentation, however the LBT-Hettich JV is about two years ahead. BD markets a product currently that only takes images and pairs it with an automated streaker system with incubator that retails for > $2 million. LBT's system will sell for US$100-200K but the incubator costs an additional $0.3MM; the systems are targeted to smaller labs which make up a vast majority of the market.
The other thing to look forward to is a distributor(s) for the system, where there has been very keen interest (might be a single global or several distributors). Given BD and BioM have their own systems in development I would guess multiple distributors may be a better longer term option which would allow them to ensure they have the best representation for each region (bioM was/is pretty poor in the US).
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Last
1.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $27.98M |
Open | High | Low | Value | Volume |
1.6¢ | 1.6¢ | 1.6¢ | $1.641K | 102.5K |
Buyers (Bids)
No. | Vol. | Price($) |
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5 | 911167 | 1.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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1.7¢ | 485000 | 2 |
View Market Depth
No. | Vol. | Price($) |
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4 | 711167 | 0.015 |
3 | 1047075 | 0.014 |
4 | 3545520 | 0.013 |
1 | 6666666 | 0.012 |
3 | 168500 | 0.011 |
Price($) | Vol. | No. |
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0.017 | 485000 | 2 |
0.018 | 655659 | 4 |
0.019 | 1374000 | 8 |
0.020 | 725548 | 4 |
0.021 | 763996 | 2 |
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