Medx Health Corp V.MDX

Alternate Symbol(s): MDXHF

Healthcare Medical Devices

MedX Health Corp. is a medical device and software company. It develops and manufactures skin-related screening tools and phototherapy devices for pain relief and tissue repair. It focuses on skin health with its SIAscopy on DermSecure telemedicine platform, utilizing its SIAscopy technology. SIAscopy is a medical device technology that is used to scan skin for suspicious moles and lesions and, including DermSecure, its telemedicine software application, and phototherapeutic medical devices, which use light energy in lower-level laser and light-emitting diode to provide treatment of pain and tissue damage in the rehabilitation market. Its products SIAMETRICS, SIMSYS, and MoleMate include hand-held devices that use patented technology utilizing light and its remittance to view up to two millimeters beneath suspicious moles and lesions in a pain free, non-invasive manner. Its SIAscopy on DermSecure telemedicine platform enables the Web-based operation of its SIAscopy scanning technology.

TSXV:MDX - Post by User

Medx Health Corp

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Comment by Insightful1on May 19, 2020 2:20pm

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Post# 31047208

RE:RE:MedX completes financing + my thoughts

Great question, MdX as I understand it does not require a large inventory build up. The contracts they have are either cash up front for the scopes or haldf the money up front for the scopes and te balance on delivery, either way MedX is not out of pocket on any orders that come in. Their margins are enough to do the build even if they only recieve half the funding for the PO. This question was asked in an investor meeing recently. I hope this helps.

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