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CLIENT FEATURE: MedX Health $ Commercializing A Highly Effective Skin Cancer Scanning Device $DMTK $ICAD $PLSE $SRTS

Posted by AGORACOM-JC at 11:24 AM on Monday, June 22nd, 2020
Home - MedX Health

MedX Health Corp.  

 (TSX-V: MDX) 

  • Commercialized a regulatory-approved highly effective skin cancer scanning device
  • Provides images that can be uploaded on the company’s proprietary cloud-based tele-health platform and sent to local dermatologists for assessment
  • Patients can receive their prognosis and receive treatment within 72 hours after the initial screening
  • Immanent expansion into Mexico, Colombia and USA
  • Strong relationship with a Canadian national pharmacy chain with ~1,500 stores across the country
  • Initial orders from its Brazilian distribution partner that could result in $8 million of hardware sales over the next 2 years and a run-rate of $14 million of high margin, recurring platform revenue by the end of FY21
  • Dermatologists have declared these images the “next best thing to being there” in person
  • Platform has been proven through a proof-of-concept trial in Norway (109 Boots pharmacies captured 80,000 scans and found 800 cases of melanoma)
  • Company reported revenue of $860,248 for the year ended December 31, 2019

Does This Product Satisfy A Need?

  • Skin cancer accounts for one-third of all cancer cases and is one of the only forms of cancer that is increasing in prevalence
  • Early detection can result in a survival rate of 98%
  • If left undetected, skin cancer and melanoma in particular, metastasizes very quickly, dropping the survival rate down to 25%
  • Rigorous and regular screening regiment now more important than ever


MedX’s SIAscope captures images ‘2mm’ below the skin’s surface

  • Only technology that can capture images below the skins surface
  • The SIAscope is placed directly on the suspicious mole allowing no ambient light to distort the image
  • The fixed focal point and controlled light wavelengths allow for a perfect Dermascopic image as well as 4 additional images
  • The SIAscope is the only scanner in the world that can achieve this

MedX Health Corp. is an advertising client of AGORA Internet Relations Corp.

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