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Medx Health Corp V.MDX

Alternate Symbol(s):  MDXHF

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

Post by Insightful1on Oct 28, 2020 10:50pm
183 Views
Post# 31800992

This is a very interesting move

This is a very interesting movehttps://stockhouse.com/news/press-releases/2020/10/28/medx-health-corp-expands-north-american-clinic-sales

Here is my take, COVID is not going away anytime soon. There are 565 Dermatologists in Canada. The wait time to see a Dermatologist in Canada can be up to a year with COVID so what an interesting solution you expand into a specialty vertical market. They need additional revenue and people need to get in to have their various skin lesions assessed. So you launch in Ontario and Saskatchewan (6 clinics) and then you open the model up  in the rest of Canada and the USA. Instant revenue and lots of potential. Once they announce the site locations people will be able to visit the sites and evaluate the service offering.

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