Medx Health Corp V.MDX

Connections with the MNC

[hobbs2969]

Thank you, Insightful1, for providing several links to show that there used to be a stronger connection between MedX and MNC.  Four years is a long time and very little seems to have progressed in their relationship.  Seeing Mike Druhan scanning participants in an MNC fundraiser four years ago was truly impressive. The llinks only point out that MedX has done a very poor job of getting the lifesaving message of Siascopy out to all Canadians.  MedX ia aimply an unkmown commodity. MedX should have a very high profile on the MNC site. Why they don't is mystifying.  Fingers seem to point at the lack of an potent advertising plan.

[Insightful1]

The Canadian market is not as easy to crack as other markets like the Netherlands. The Netherlands Government pay for the scans where in Canada it is a user/pay model. Canadians do not believe they should pay for healthcare services. MedX's strategy as they have stated was to seek distribution through large scale institutions. Rexall through Empower is a prime example of this kind of

[hobbs2969]

Is the  Ontario Health Ministry being  lobbied about the potential of Siascopy as it relates to catching melanoma in Stage 1 rather than catching it at the Stage 4 level. I remember a chart that clearly demonstrated the cost savings to the health care system by catching melanoma early. Not to mention saving the lives of Ontarians.  Surely that would make people in the Health

[Insightful1]

To do a complete Health Economic Model would require a large scale study which would cost a few million dollars and take a few years and there is no guarantee the government even if the model proved to save lives and money would sway or change the current reimbursement policy. Each province is like a country. It is mostly political and there are more risk free environments to capture market share

[hopefull]

I think that the sentiment of all investors is to capture market share you have to be in the market. Very little evidence is available. Unlike The leader DermTech

[Insightful1]

I am just curious from 2017 to 2021 would have you thought of DermTech as the leader?? I understand your frustration but to secure large scale business in the MedTech space is not as simple a task as a lot of poster assume. DermTech has had a great run but they burn money at a substantial rate and I have always maintained they cannot hold a market capitalization of over $1,2 Billion (my first post

[hopefull]

fair enough but Derm tech is posting sales, really can't say the same for Medx. Glad to see directors having some skin in the game. But with the latest just means two more weeks will go by without any news and more crickets from Medx leadership which I use the term loosely.

[Insightful1]

DermTech spent millions in order to get a reimbursement code in the USA which has helped with their sales. If you study their numbers closely the Dermatologists have not accepted their service as particularly useful and now DermTech has pivoted and is building a sales force to try and sell their genetic testing kit for ONLY melanoma to doctors. They are burning a lot of money to achieve the sales

[Bogeyfree1]

Insightful1 wrote: "I am hoping when Sylvain gets out to tell the MDX story it will attract a lot of new shareholders." It couldn't have been done before? Only Sylvain can do it? Not sure I understand.

[Insightful1]

Sylvain is now the President and CEO. The investment community always wants to hear from the person responsible for driving the vision and the revenue forward. Robert the previous acting CEO never met with the investment community and I believe Sylvain will take a more active roll as is required.Hope this helps.

[Bogeyfree1]

Thanks for the reply! Happy to hear that Sylvain will meet with the investment community. I find it very hard to believe and inconceivable that the former CEO never did. The B of D just went along with this???? Anyways, let's not look back and hope for a bright (brighter) future!

[hopefull]

I believe the former CEO was completely responsible for the demise and the lack of action on medx 's part. I believe s Sylvain is responsible to the investors and should be taking them extremely seriously..I am also equally concerned by the inaction of the board. I certainly hope Sylvain will outline what some of the areas of concerns he has of the board and how he will change this.

[hopefull]

what other markets has Medx "cracked". Have you not seen the finacials. They haven't got squat Empower is a solid year away from "possibly " bringing Medx to Rexall. So the other 35 countries......mm Dead.

[Dunworkin2]

  If Canadians do not believe in paying for healthcare services, then the Rexall pilot will be a failure. (as Canadians will be paying for the service). And your comment about not promoting Siascopy as Mdx wouldn't be able to handle the demand. Give me a break, Mdx has no clue what the demand would even be as neither Canadians nor most dermatologists even know this product exists