MedX Health Signs Exclusive Distribution Agreement to Launch DermSecure™ in Brazil, where Skin Cancer is Prevalent
09 Abril 2019 - 7:00AM
Business Wire
MedX Health Corp. (“MedX”) (TSX-V: MDX) announced today that it
has signed an Exclusive Distribution Agreement with CBD Vida
(“Vida”), to launch a comprehensive, ease-of-access skin
scanning/assessment program throughout Brazil, using MedX’s
DermSecureTM Telemedicine platform.
This exclusive distribution agreement is a natural progression
of the earlier Memorandum of Understanding with Vida “because their
reach in the Brazilian marketplace is robust and extensive,” said
Scott Spearn, President & CEO of MedX. Mr. Spearn said that
Vida has agreed to pay for all regulatory, marketing and
distribution expenses related to the launch. Mr. Spearn also noted
that the agreed performance levels on the part of Vida further
reinforce their commitment to the commercial success of this
agreement.
“Vida is 100% committed to this innovative screening platform.
There are almost 212 million Brazilian people, where skin cancer is
the most common form of cancer,” said Camata Candello, Vida’s CEO.
There were over 100,000 cases of skin cancer diagnosed in Brazil
between 2016 and 2017, and almost 6,000 were melanomas, the most
aggressive form of the disease that has a high mortality rate.
“This cancer does not need to be lethal and can be prevented
through early detection. I believe this is a game changer. Brazil
is a huge market opportunity for us,” continued Mr. Candello.
“We are always looking for solutions that are innovative and
meaningful to invest in; as well they must have a major impact on
the Brazilian people we serve. I can genuinely say that MedX’s
DermSecureTM meets those criteria, and then some,” said Camata
Candello.
“MedX’s DermSecure TM is a perfect solution for early detection
of skin cancer," he said. “We are deeply aligned with the largest
distributors of hospital equipment in Brazil, we will be
distributing throughout the national territory of Brazil, offering
MedX’s rapid skin assessment technology to Public and Private
Hospitals, Medical Clinics, Pharmacies, Dermatologists and
Oncologists. We believe this technology will have a major impact on
public health, and as such have implemented a marketing plan to
provide the equipment to Brazil's public health network for a fee
in order to speed the rate of deployment throughout Brazil,” stated
Camata Candello, Vida’s CEO.
About MedX
MedX, headquartered in Mississauga, Ontario, is a leading
medical device and software company focused on skin cancer with its
DermSecure™ telemedicine platform, utilizing its SIAscopy
technology. SIAscopy is also imbedded in its products SIAMETRICS™,
SIMSYS™, and MoleMate™, which MedX manufactures in its ISO 13485
certified facility. SIAMETRICS™, SIMSYS™, and MoleMate™ include
hand-held devices that use patented technology utilizing light and
its remittance to view up to 2 mm beneath suspicious moles and
lesions in a pain free, non-invasive manner, with its software then
creating real-time images for physicians and dermatologists to
evaluate all types of moles or lesions within seconds. These
products are Health Canada, FDA (US), ARTG and CE cleared for use
in Canada, the US, Australia, New Zealand, the European Union and
Turkey. MedX also designs, manufactures and distributes quality
photobiomodulation therapeutic and dental lasers to provide
drug-free and non-invasive treatment of tissue damage and pain.
www.medxhealth.com.
About CBD Vida
The founders of CBD Vida Canada, combined with their CBD Vida
LTDA partners in Brazil, form a partnership that brings decades of
professional business development, training and experience. CBD
Vida LTDA’s business relationships in Brazil are extensive and
cover pharmaceuticals, medical clinics, and pharmacies, legal,
regulatory, governmental, and private industry. These relationships
provide a synergy between Brazil & Canada that will ensure
expedited market entry for this life saving solution.
The partners understand the importance of Brazil on the world
market, with it being the second largest importer of medical
devices in the world. CBD Vida’s relationship with MedX and their
rapid skin assessment solution, combined with their corporate &
business experiences, will give the Brazilian population an
opportunity to dramatically reduce the mortality rate currently
being experienced by late the late detection skin cancer. CBD Vida
LTDA has the capability and commitment to open the Brazilian market
rapidly and help our fellow Brazilians with this preventable
cancer.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
This Media Release may contain forward-looking statements, which
reflect the Company’s current expectations regarding future events.
The forward-looking statements involve risks and uncertainties.
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version on businesswire.com: https://www.businesswire.com/news/home/20190409005572/en/
Scott Spearn, President and CEOMedX Health
Corp905-670-4428 ext 229Jean Guy Bourguignon, President and
COOCBD Vida Canada613-406-6473Media RelationsDeborah
Thompson416-918-9551
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