Microbix Initiates NCIB to Repurchase Up to 6.95 Million Shares
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 04 2025
0mins
Should l Buy MBX?
Source: Globenewswire
- NCIB Launch: Microbix has announced the initiation of a Normal Course Issuer Bid (NCIB) to repurchase up to 6,949,346 shares, representing approximately 5% of the outstanding shares as of November 26, 2025, aiming to enhance shareholder value.
- Market Operation Details: The repurchase will occur on the Toronto Stock Exchange over a 12-month period starting December 9, 2025, and ending December 8, 2026, or earlier upon completion, demonstrating the company's agility in responding to market conditions.
- Funding and Strategy: The repurchase will be financed from working capital, and Microbix plans to use the NCIB to offset dilution from stock options exercised, thereby enhancing earnings per share.
- Board Confidence: The Board believes that the current market price does not reflect the company's intrinsic value, and the share repurchase is expected to increase the equity interest of remaining shareholders, bolstering market confidence in the company's future growth.
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Analyst Views on MBX
Wall Street analysts forecast MBX stock price to rise
8 Analyst Rating
7 Buy
0 Hold
1 Sell
Strong Buy
Current: 38.000
Low
31.97
Averages
59.33
High
80.00
Current: 38.000
Low
31.97
Averages
59.33
High
80.00
About MBX
MBX Biosciences, Inc. is a clinical-stage biopharmaceutical company. The Company is focused on the discovery and development of novel precision peptide therapies for the treatment of endocrine and metabolic disorders. It has built its proprietary Precision Endocrine Peptide platform to develop precision peptide therapies that are designed to overcome key limitations of current peptide therapies. Its product candidates and programs include MBX 2109, MBX 1416 and Obesity portfolio. MBX 2109 is a parathyroid hormone peptide prodrug that is designed as a potential long-acting hormone replacement therapy for the treatment of chronic hypoparathyroidism. MBX 1416 is designed to be a long-acting glucagon-like peptide-1 (GLP-1), receptor antagonist, as a potential therapy for post-bariatric hypoglycemia, a chronic complication of bariatric surgery. MBX 4291 is designed to be a long-acting and highly potent GLP-1 and glucose-dependent insulinotropic polypeptide, receptor co-agonist prodrug.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- New Drug Candidate Nominations: The company expects to nominate two new obesity treatment candidates in 2026, including an amycretin prodrug and a GLP-1/GIP/GCGR triple agonist, aimed at addressing diverse patient needs in the obesity market and driving expansion.
- Strong Cash Position: As of December 31, 2025, MBX reported preliminary unaudited cash and cash equivalents of approximately $373.7 million, which is expected to fund operations into 2029, ensuring continued investment in R&D and market expansion.
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See More
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- Expanded Technical Capabilities: By producing recombinant antigens in-house, Microbix not only improves supply chain security but also enhances cost control, thereby strengthening its market position in the clinical laboratory and test manufacturing sectors.
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- Product Pipeline: The company is advancing several novel precision peptide therapies, including MBX 2109, which is preparing for Phase 3 clinical trials targeting chronic hypoparathyroidism, indicating significant market potential.
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