MedX Receives Major SIAScopeTM Order for Launch of its DermSecureTM Telemedicine Platform in Brazil
16 Enero 2020 - 7:00AM
Business Wire
MedX Health Corp. (“MedX”) (TSX-V: MDX) announces that it has
received an order for 500 SIAScopeTM units for deployment on its
DermSecureTM telemedicine platform from its exclusive Brazilian
distributor, representing the single largest order in the Company’s
history.
“This order reflects the impact our SIAScopyTM on DermSecureTM
platform can have in redefining patient care and shows that MedX’s
rapid skin assessment technology is scalable and is receiving
strong demand in the Brazilian market,” commented Scott Spearn, CEO
of MedX. “MedX will benefit from a “Software as a Service” revenue
model with the initial sale of the SIAScopeTM units and then
generating recurring revenue as the devices are deployed by
mid-2020 on the DermSecure TM platform and patients are scanned in
Brazil.”
"There is a significant opportunity for MedX’s rapid skin
assessment technology in Brazil, as skin cancer is the most common
type of cancer in Brazil,” stated Fabio Camata Candello, CEO of
MedX Brasil. “Over a hundred thousand new cases of skin cancer were
recorded in Brazil between 2016 and 2017 according to the Brazilian
Cancer Institute, and almost 6,000 were classified as melanoma, an
aggressive form of the disease that can spread to other parts of
the body. A recent study shows that Brazilian melanoma patients
experienced a lower survival rate than the current worldwide
average. The high prevalence of advanced cases reinforces the
importance of local strategies to diagnose melanomas in the early
stages, and to treat it definitively. “MedX’s SIAScopyTM on
DermSecureTM telemedicine platform and advanced SIAscopy TM imaging
technology is a perfect solution for early detection," further
noted Mr. Candello.
“MedX Brasil has been premarketing MedX’s technology at trade
shows in Brazil and through our channel partner One Way
Diagnostica. These efforts have shown strong demand for SIAScopyTM
on DermSecureTM and we are starting to build inventory to be able
to deploy the units as soon as possible once regulatory approval is
granted. We have been working closely with ANVISA, the Brazilian
regulatory authority, and expect regulatory approval shortly,”
stated Mr. Candello.
About MedX
MedX, headquartered in Mississauga, Ontario, is a leading
medical device and software company focused on skin cancer with its
SIAScopy™ on 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 MedX Brasil
MedX Brasil is an independent licensee incorporated in Brazil,
formed during 2019 to become the exclusive distributor of MedX
Canada’s SIAscopy TM on DermSecure TM platform in Brazil. MedX
Brasil has established a partnership with Oneway Diagnostics a
specialist sales team in the Dermatology market in Brazil. MedX
Brasil is responsible for marketing, educating, trade shows,
financing activities to support the sales team at Oneway
Diagnostics. https://www.medxbrasil.com.br/
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/20200116005206/en/
Scott Spearn, President and CEO MedX Health Corp
905-670-4428 ext 229
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