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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

Comment by Insightful1on Mar 23, 2021 11:56pm
121 Views
Post# 32864218

RE:RE:RE:RE:MedX is featured on ProActive

RE:RE:RE:RE:MedX is featured on ProActive

I think that is a very good observation. If you go back in history MedX secured the SIAscopy business (advanced optical system) and had wary proof of concept success in Norway 104 Boots locations well over 100,000 scans todate and over 1,000 melanomas detected. The problem was MedX did not have a telemedicine platform it was using a rented platform. This was a business doomed to fail.

MedX raised capital and built the most advanced teledermatology platform. This took almost 1 1/2 years to complete. It is now fully commercialized and being deployed. Now MedX has a SaaS model where they can paid on every scan taken and they own the data. Cash flow positive will happen soon in my opinion and this makes MedX a truly unique investment. MedX would not be able to secure a large contract with a National chain with a weak balance sheet so the latest funding puts MedX in very good footing. I am just adding to your comment. 





 

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