Medx Health Corp V.MDX

This is a major press release

[Insightful1]

https://stockhouse.com/news/press-releases/2021/11/18/medx-health-corp-and-al-zahrawi-medical-supplies-llc-announce-distribution

So here we go again. Major Distributor the Zahrawi Group;

https://www.zahrawigroup.com/

As the largest distributor of medical devices in the Gulf Cooperation Council (GCC) region, the partnership with Al Zahrawi positions MedX for continued growth in other Middle Eastern markets including Saudi Arabia, Qatar, Oman, and Bahrain. 

The Deal

two-phase commercialization pilot and distribution agreement for MedX’s leading-edge DermSecure® Screening Platform at select United Arab Emirates (“UAE”) oncology and dermatology clinics beginning this month.

The three-month pilot will involve an estimated 1,000 patients at four dermatology and oncology clinics in Abu Dhabi and Dubai. Upon the successful completion of the two phases, the MedX DermSecure® Screening Platform will become more widely available at clinics and health care facilities across the UAE. 

The Issue

According to Omnia Health, melanoma skin cancer is of growing concern in the UAE as one of the most common malignancies in men, with an incidence rate of 14.5%.1 The World Health Organization estimates that cancer rates in the Middle East will double by 2030.2 Early and rapid detection of melanoma is key to improving patient outcomes.


MedX keeps signing major contrats with world class channel partners and the market continues to ignore these milestones.

[hopefull]

I think it's because there's no public excitement. Need a targeted campaign and of course to state the obvious Medx needs to show revenue and build back trust from the market. This is going in the right direction. It would be nice to know what exactly happens after the pilot is over