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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 14, 2021 9:05am
123 Views
Post# 34004461

Will AI replace MedX?

Will AI replace MedX?MedX has stated in their presentations that they think AI as a decision outcome tool is dangerous. That is why they have focused in having Dermatologists access any moles or lesions.That way the company is never at risk of falsely analysing a patient ofa  non-melanoma only to find out the AI was wrong and the patient did in fact have a deadly melanoma.Mutiple lawsuits and a failed business model.
The biggest issue for the acceptance of teledermatology is high quality images (42%) failure rate currently) MedX's AI guarantees all images will be readable by dermatologists because of their image quality. that is how they explained part of their AI strategy in the presentation.

Recent research seems to support this;

https://ecancer.org/en/news/21035-direct-to-consumer-skin-cancer-detection-apps-are-failing-to-detect-life-threatening-cancers-new-study-finds
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