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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 Nov 17, 2021 10:08pm
90 Views
Post# 34139034

RE:RE:RE:RE:So now they have a significant trial in Turkey

RE:RE:RE:RE:So now they have a significant trial in TurkeyHere is my best guess. MedX has stated they have a number of trials in the offing. They seem to have sorted out how to go to market. Your question is not quite framed properly and therfore hard to answer. Let me reframe it, right now MedX has a few pilots/trials running in a number of countries.What if in the next quarter they had 20 trials in progress ands a number completed and doing a full roll-out? You are talkng about 1,000's of scopes being deployed and an endless number coming on-line.

The market will not wait until all of the scopes are deployed it will start to assume a percentage of succesful trials and rollouts and ascribe a discounted number to the total potential sales. Each scope will represent a number of scans a day. Some will be in high traffic areas some in low traffic areas. Eventually there will be a large enough sample set to have some pretty accurate forcast numbers.

So to answer your question we are just starting to see a trend line we will not know with any certainty for another quarter or two how quickly the revenue will ramp.
We do know that they have made some progress in the European market and Canada,we will have to wait and see how quickly this trend continues. 

We know the company is now deploying scopes and that the market is diverse and accepting the DermSecure platform and the share price is not giving these developments any value. 
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