Mexico press release MedX again announce an exclusive distribution agreement to a country with a population of 126 million people. The interesting part is both Brazil (population of 320 million) and Mexico show the same major health care issue...melanomas are detected at the later stages where the outcomes are poor and the cost to treat the patient is exorbitant. I would expect MedX will continue to expand into the Latin and South American countries.
The key is their partnership selection. If you look at the copentancy of their Brazilian partner I suspect their Mexican partners have equal capability. That means after regulatory approval ,which is much easier in Mexico we should see a PO rather quickly. I am expecting them to have regulatory approval by end of Q3.
https://stockhouse.com/news/press-releases/2020/06/15/medx-health-signs-exclusive-distribution-agreement-to-launch-siascopy-on
MedX released its numbers on Friday (they were in line but ( SIAscopy on DermSecure has not shown up and won't to Q2) which would explain some of the selling today. people are forgetting MedX is well funded now and has a large scalable technology. so people worried about the going concern statement should remember MedX just raised over $3.4 million