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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 csutton10on Mar 29, 2021 8:03am
104 Views
Post# 32896898

RE:RE:RE:RE:Terra Firma

RE:RE:RE:RE:Terra FirmaThe portion of cost that needs to be paid to the Dermatologist is $106. This would need to be paid by the patient unless they have received a referral to see a dermatologist. The go to market price is still one of the big questions I have. If you consider $15-20 for MedX, $106 for the derm and assume $50 for the service provider (at the least) then you are looking at ~$175 for the service. The idea of this service being accessible for $70 with a referral is a great price point for the market in my opinion. However, Typically, referrals from your GP are specific to a derm and not generic for this type of a scan...but can work with standarizing how service providers of SIAscopy instruct their patients on how to ask their GPs...this is missing. The $70 price point would open up the service to a larger market that will justify $175 being too high

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