A MORE ACCURATE ASSESSMENT ON SKIN CANCER IS THE WAY MEDX PLANS TO SAVE THE PLANET - INVESTORINTEL
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A more accurate assessment on skin cancer is the way MedX plans to save the planet No one should ever die of skin cancer. Wow – doesn’t that just wake you up a little bit? The deadliest cancers include lung and bronchial cancer, colon and rectal cancer, breast cancer, pancreatic cancer, prostate cancer, leukemia, Non-Hodgkin lymphoma, liver cancer, melanoma and ovarian cancer. According to the American Cancer Society in their July 2018 report, in the period from 2008 – 2014, overall cancer incidence rates decreased by 2.2% in men and remained stable in women. From 1999 – 2014, overall cancer deaths decreased by 1.8% per year among men and 1.4% per year among women. Unfortunately, melanoma (skin cancer) still ranks in the “top ten” among both men and women – not a ranking that we really need to be ecstatic about. Enter MedX Health Corp. (TSXV: MDX). Originally founded in 1999 with a focus on laser and phototherapy products, the company still maintains this highly reputable product line in a very competitive global marketplace. MedX first acquired their other product technology (SIAscope) in 2011 and through improvements, has positioned MedX as a leading medical device and software company. Focused on the early detection of skin cancer, MedX’s SIAscope is a handheld Class IIA medical device. First, the SIAscope takes 5 images, including 4 spectrophotometric images 2 mm below the skin’s surface showing the disorganization of a suspicious mole or lesion. This allows dermatologists to make a more accurate assessment based on the underlying physiology
of the skin. MedX is the only technology in the world that can present this additional critical imaging, taking remote medicine to a new and improved level for provision of timely, accurate diagnoses. Second, SIAscopy on DermSecure™ captures the dermatological images from the SIAscope and forwards them for assessment by a dermatologist. SIAscopy is a fully integrated service that combines innovative, peer-reviewed technology with a secure, cloud-based patient management system. It’s the only tool that offers perfect image capture technology with clinical, dermascopic and spectrophotometric views of moles and other skin conditions. Designed by dermatologists and physicians, SIAscopy is being used in over 200 pharmacies in 3 countries with regulatory approvals in 35 countries including USA, Canada, Australia, Brazil and the EU. Finally, the results are communicated back to healthcare providers and patients. In 72 hours or less – timely turnaround indeed! MedX stores patient’s information for 10 years, which means a patient can retrieve their patient file and take another scan of the same mole or lesion years later and compare it to previous images to see if there has been any change. MedX is the only company in the world that has made this commitment to the patient and their providers. Privacy policies comply with all regulations in jurisdictions in which the company operates including PIPEDA, HIPAA and GDPR. In addition, they deploy the latest in security measures, engage in rigorous third-party threat testing and real-time monitoring. Wow – who knew that it could be that easy? It really isn’t, as the team at MedX has put decades of knowledge, expertise and technology into development of a world-leading suite of tools. In addition to a highly experienced leadership team and Board of Directors, the company has assembled a Medical Advisory Board with experts from Canada, the UK and the US, all specialists in their fields who bring a wealth of knowledge
and expertise to MedX. The company has a very small market capitalization compared to similar companies in the US – only about C$20 million. The technology is leading edge, although the market also cares about revenue which has been negatively impacted by the ongoing coronavirus pandemic. The company has the longevity and the expertise in a competitive marketplace. Management is embarking on a program to raise global awareness to improve future revenues and cash flow and they have raised new equity capital of just over C$3.0 million in 2020, significantly reducing negative working capital. Apparently there will never be less cancer in the world and here is a technology company that can at the very least help in the goal that “cancer can be beaten”. Predictmedix is starting to commercialize as AI health screening & monitoring takes off Health screening is big business these days. The latest way is using Artificial Intelligence (AI) to mass screen and/or monitor for impairment and various disease states, including COVID-19. One company is now starting to commercialize their technology, winning contracts and forming distribution partners all around the globe. That company is Predictmedix Inc. (CSE: PMED | OTCQB: PMEDF).
The global market size for AI in healthcare in 2017 was US$1.4b and is forecast to rise to reach US$28b by 2025, for an approximate 20 fold increase in just 8 years. Healthcare screening and monitoring using AI can play a key role. The global market for artificial intelligence (AI) in healthcare is forecast to take off Source Predictmedix has developed leading disruptive AI technology in impairment detection and healthcare screenings. Their AI powered products use facial, thermal, video and audio recognition technologies to determine when individuals are suffering from infectious disease, are drug or alcohol impaired, or have a mental illness. The Predictmedix screening devices are backed up by a remote patient monitoring platform.
Source Predictmedix’s latest achievements to commercialize their screening AI technology October 1, 2020 – Partnered with Versus Systems to develop tools for clinical trials, in particular on-site monitoring to ensure human subject protection, data integrity, and quality. The news release states: “This will allow Predictmedix to enter a new industry vertical of clinical trials which is a $40 billion market opportunity as estimated by Fortune Business Insights.” September 3, 2020 – Predictmedix Inc. and Juiceworks Exhibits provide safe entry solutions to facility managers at IFMA World Workplace in Texas. August 17, 2020 – Predictmedix Inc. and Juiceworks Exhibits announce COVID-19 technology deployments in North America. August 12, 2020 – Deployment of Impairment Screening along with COVID-19 symptom screening technology at Indian Oil Corporation. July 7, 2020 – Sales/distributor 1 year contract with Taurus Medical in the United Kingdom. Taurus Medical
manufacture and market over 1,500 products for the diagnosis, treatment and monitoring of respiratory conditions. They are a supplier for the UK National Health Service. Taurus is offering Predictmedix COVID-19 mass screening entry modules to the healthcare, retail, and the entertainment sector in the UK. June 26, 2020 – Teamed up with Tech Mahindra who will resell Predictmedix to their global client base. Tech Mahindra is a $4.9 billion dollar company owned by Mahindra Group. Tech Mahindra is operational across 90 countries, helping 973 global customers including Fortune 500 companies. Regarding the Indian Oil Corporation contract Predictmedix state: “The deployment of our COVID-19 screening and impairment technology at IOCL which is a fortune 500 company marks our entry into the Oil & Gas sector which is one of the largest industrial sectors and it further highlights the market need for the suite of technologies developed by Predictmedix.” Now that’s a very busy past 5 months. The model of using well known brands (Juiceworks Exhibits, Taurus Medical, Tech Mahindra) with large distribution networks should make for a faster and more successful commercialization. Product deployment at large corporations such as Indian Oil Corporation show solid early demand for the Predictmedix product. Predictmedix operates under a SaaS model. Clients pay a monthly fee based on tiered volume of screenings or by number of device feeds. Both pricing options provide Predictmedix with recurring monthly revenue and multi-year contracts. Right now as COVID-19 cases approach 40 million (and 1.2 million deaths) it certainly looks like there is a massive potential market for Predictmedix’s COVID-19 Safe Entry
Solutions. This could be the product that rapidly launches Predictmedix into the AI health screening market. You can read more on that here. Predictmedix current market cap is C$58m. The Company looks to have plenty of growth opportunities ahead as it strives to capture a share of the forecast US$28b AI healthcare market by 2025. Further learning Predictmedix’s Dr. Rahul Kushwah on using AI to solve real world problems Predictiv AI debuts real- world problem solver, a fever detection system called ThermalPass “If you can predict the future, you can profit from it…” All you good capitalists out there should be salivating at that comment. It’s from the homepage of Predictiv AI Inc. (TSXV: PAI | OTC: INOTF | FRANKFURT: 71TA) and as you may have surmised, their business is the business of artificial intelligence (AI). Predictiv AI “is a technology company which helps businesses and organizations make smarter decisions using advanced artificial intelligence, deep machine learning and data science techniques.”
The global AI market is expected to grow in leaps and bounds – by as much as 40-50% per year – in the next decade or so. This makes it a market that could be in the trillions of dollars – there is money to be made and Predictiv AI is positioned to be a part of that. End users of AI include almost anything – the automotive industry (self-driving vehicles especially), the healthcare industry, banking, finance, insurance, manufacturing and agriculture to mention just a few that are important in our daily lives. Predictiv AI has two subsidiaries – AI Labs (the R&D arm of the company) and Weather Telematics. As big as the AI market is (think the “Internet of Things”), the team’s deep experience was in part responsible for the company’s current focus. AI Labs uses proprietary artificial intelligence to build solutions for the public safety and security markets, a subsector that is projected to reach more than US$900 billion by 2027 and is part of a larger overall sector that also includes energy management, smart buildings, mobility, technology, infrastructure, and healthcare, which are expected to total US$1.56 trillion by 2025. AI Labs is currently building solutions for real-world problems and has successfully developed a patent-pending fever detection system (ThermalPass). Since the start of the coronavirus pandemic, the way the world now operates will be forever changed. As announced earlier in October, Predictiv AI, via a joint venture with Commersive Solutions Corp., has transitioned from the prototype phase into the commercialization phase. An Ontario Canada-based trucking company was the first to deploy the system commercially on October 13, 2020. The ThermalPass Fever Detection System detects body temperature using multiple touchless, infrared, thermal medical grade sensors to identify potential at-risk carriers.
The device is efficient and can process up to 60 people per minute without any need for people to do anything but walk normally through the sensor system. It is approved by Health Canada as a class 1 medical device and is a critical real-time detector that can help companies everywhere in the fight against the spread of the coronavirus. The uses for this product are everywhere that people go in public and the market is massive. ThermalPass is arguably the best, most effective and simplest temperature scanning system available. It is also the least expensive, when compared to competitors in China and the US and has a patent pending. Currently made in Canada, it is easy to assemble, there are stationary and mobile versions available, and the company has secured leading Canadian and US suppliers to contract manufacture the units. Also, ThermalPass has the supply chain in place to rapidly scale production to meet demand. Notably, the US government has put a ban on Chinese thermal-camera based systems, limiting competition to the ThermalPass system particularly in the US. Temperature scanners will probably become a fact of life – the ability to provide a better mousetrap such as the ThermalPass
product, means that the world should beat a path to company’s door, based on ease of use, reliability of the technology and lower than average price. The second significant product line comes from the Weather Telematics subsidiary. The company has a product called “Alert Fleet”, which uses advanced AI and deep machine learning to generate hyper-local advanced road weather data using Weather Telematics patented sensors. This is a critical piece of technology that could save the trucking industry significant time (and money) by being to avoid serious weather conditions, winter and summer. Alert Fleet can generate real-time road alerts 200-300 meters ahead, 1 km ahead and 100s of kilometers in advance of hazardous road conditions and can provide up to 72 hour advanced proprietary predictive weather data using patented AI and sensor technology. It can alert to winter conditions (snow, ice, black ice), hydroplaning/flooding risk, low visibility (fog) risk as well as wind, hail and lightening risks. It can be a standalone product, can be integrated into existing telematics service provider portals and can be delivered inside the vehicle as well as to a dispatcher via text messaging, email or mobile app integrations. The company has a market capitalization of approximately C$19.5 million and just completed a share consolidation in August 2020, along with the changing of the company’s name to Predictiv AI Inc. (previously Internet of Things Inc.). The company has a small amount of debt ($311,000) mostly in the form of a demand loan, but in early October 2020 closed a nonbrokered private placement of $1.5 million primarily to fund the ThermalPass production planning and manufacturing as well as providing capital to AI Labs for ongoing R&D. While it is still early days for investors in this company, there appears to be a particularly bright future ahead in an ever changing world.
AI for the next generation of medical imaging provides “a Google Maps for surgeons” “A Google Maps for surgeons” is how Perimeter Medical Imaging AI Inc. (TSXV: PINK) President and CFO Jeremy Sobotta described the AI software currently being developed by the company to complement its FDA-cleared medical imaging system at a recent investment conference. Perimeter is a medical technology company working to transform cancer surgery by creating ultra-high-resolution, real-time, advanced imaging tools to address unmet medical needs. The imaging tools have already been developed and are approved in ophthalmology and cardiology (optical coherence tomography or OCT). Perimeter is using this imaging technology (OTIS or Optical Tissue Imaging Console) to assess the tissues surrounding the known cancerous target area to determine whether more tissue should be removed during the ongoing surgery. The imaging technology has the ability to rapidly image large and complex surfaces. It is capable of imaging up to a 10×10 centimeter surface area at resolutions ten to 100 times that of traditional imaging systems (and also has a system that enables the orientation and imaging of any size, shape and/or density of specimen). Of note, the company’s device is commercial, is FDA-cleared and will be launched into the early adopter market later in 2020/early 2021. As previously announced, Perimeter Medical Imaging received a $7.4 million Cancer Prevention and Research Institute of Texas
(CPRIT) grant to further develop the ATLAS AI Project. The funding granted by CPRIT will support technology development that is currently underway with the first part being data collection to further train and test the AI algorithm. Part two will be undertaken in early 2021 to confirm the safety and efficacy of the technology/process that aims to decrease the re-operation rates for breast cancer patients. Future deployment of the AI technology will be complementary to OTIS, once it has been FDA-approved. As described in the September 16, 2020 online presentation, the company has engaged with world-renowned cancer centers in Canada, the US and Europe and has attracted an exceptional scientific advisory board. Members include medical professionals affiliated with the Harvard Medical School, the Mayo Clinic Cancer Centre, and the Ontario Cancer Institute in addition to others, which is an exceptional validation of this company’s early-stage technology. Management is deeply experienced in the medical-technology industry, and the board of directors has a wealth of expertise in clinical experience, surgical workflows, and medical device commercialization. The company went public at the end of June 2020 through a reverse takeover transaction and concurrent financing, and has access to approximately $30 million of capital, so near-term development is well-funded as the company looks to sell up to half a billion dollars of installations into an undersupplied market. Perimeter’s technology is addressing an unmet need in a $3.7 billion addressable market segment, according to the World Health Organization. It should be noted that this technology is not just restricted to breast cancer surgery, but is potentially applicable to a wide variety of other cancer and other treatments as shown below:
Source: Perimeter Medical Imaging AI Finally, an estimated one in four women require repeat breast cancer surgery due to cancerous tissue remaining after the initial surgery. Perimeter’s use of existing technology and a machine learning/artificial intelligence combination is designed to significantly lessen this statistic. While it is too early to declare that this one technology is the “holy grail”, it does bring us one step closer to the statement that “cancer can be beaten”. StageZero Saliva PCR Test, a potential game changer for replacing the nasal probe Nobody likes a COVID-19 nasal swab test that pushes a probe way up into your nose nearly reaching your brain. StageZero Life Sciences Ltd. (TSX: SZLS) (‘StageZero’) has released a COVID-19 saliva PCR test in the USA which is so much more
easier and more comfortable to do. It can even be mailed to you and done at your home. In news just released yesterday, StageZero released their new COVID-19 Saliva PCR test in the USA and Canada. Since May 2020, StageZero has been offering nasopharyngeal swab-based PCR tests and serology tests for COVID-19. The good news is that StageZero has now added a saliva test and will shortly introduce an antigen test and a full viral respiratory panel to its test offering. The test is FDA approved under the Emergency Use Authorization (EUA) clearance. All the patient has to do is simply fill a tube with their own saliva, label it, and send it to the StageZero lab for testing. COVID-19 PCR test – Uncomfortable nasal swab versus simple saliva testing Source Chairman and CEO of StageZero, James Howard-Tripp, says: “Every COVID testing lab, and Government, is striving to make testing more accessible and easier to do. Saliva as a specimen, done correctly, is scientifically as accurate as swabs but easier to collect and allows us to reach patients at home.” Back in May when StageZero first introduced the nasal swab
tests I wrote about the massive worldwide demand for COVID-19 testing. I quoted a report by Harvard University stating that the US needs to be able to test 5 million people per day to safely begin to reopen their economy by June 2020. That was when there were only 30,000 new cases per day in the USA. Fast forward to today and there are now about 45,000 new COVID-19 cases per day in the US, and about 1 million new COVID-19 tests performed every day. But really the need for testing remains much higher. US daily COVID-19 tests tracker by John Hopkins – About 1 million tests per day Source StageZero will continue to offer a selection of COVID-19 testing summarized as: Salvia PCR tests to detect the SARS-CoV-2 RNA and then sent to the StageZero Virginia lab for results processing. Ideal for very early stage detection. Antigen testing for immediate results. This works by testing if a patient has developed antibodies to
COVID-19. It is best for the rapid screening of symptomatic patients. A Respiratory Panel PCR-based test for 18 viruses and two respiratory bacteria. It will screen for Influenza A, Influenza B, RSV and SARS-CoV-2 infection. StageZero now offers a complete range of COVID-19 tests at a time when demand for testing is enormous. My view is that patient’s will be much more willing to undergo a saliva test than the previous nasal swab testing, as well as the possibility of completing a test from home. It is also much more suitable for people in remote areas. Looking ahead in the very near term, StageZero will commence an offering with their revolutionary Aristotle® screening test for 10 cancers from a single sample of blood. You can read more about that here. Following the recent share consolidation StageZero will now “prepare for a possible future listing on NASDAQ or other senior US stock exchange“. Both of these events should be strong catalysts to help the stock price potentially move higher. StageZero Life Sciences trades with a market cap of just C$41 million. Analyst’s consensus price target is C$4.00, so there is still plenty of potential upside ahead given the current stock price of C$0.84. Disclaimer: Matt Bohlsen is a shareholder of StageZero Life Sciences Ltd. (TSX: SZLS)
Drolet Stock Notes on Diagnos: AI driven retina analysis tool for the detection of critical health issues Mario Drolet, President of MI3 Communications Financières Inc. (MI3), released his Drolet Stock Notes on Diagnos Inc. (TSXV: ADK | OTCQB: DGNOF) on October 7, 2020 for exclusive distribution on InvestorIntel. Highlights include: Diagnos has a mission of early detection of critical health issues using its Artificial Intelligence (“AI”) tool CARA (Computer Assisted Retina Analysis). CARA complies with local regulations, is FDA cleared for commercialization in the United States of America is Health Canada licensed for commercialization in Canada and is CE marking compliant in Europe. Diagnos signed a contract with Devlyn Grupo, an important optical retailer with over nine hundred stores in Mexico and Guatemala. ADK traded over 21 million shares over the last three months between $0.46 & $0.135 Support: S2; $ 0.28 S1; $ 0.33 Resistance: R1; $0.395 R2; $0.46
About Diagnos Diagnos is a publicly-traded Canadian corporation with a mission of early detection of critical health issues through the use of its Artificial Intelligence (“AI”) tool CARA (Computer Assisted Retina Analysis). CARA is a tele- ophthalmology platform that integrates with existing equipment (hardware and software) and processes at the point of care. CARA’s Artificial Intelligence image enhancement algorithms make standard retinal images sharper, clearer and easier to read. CARA is accessible securely over the internet, and is compatible with all recognized image formats and brands of fundus cameras, and is EMR compatible. CARA is a cost- effective tool for screening large numbers of patients in real-time. CARA complies with local regulations, is FDA cleared for commercialization in the United States of America is Health Canada licensed for commercialization in Canada and is CE marking compliant in Europe. PLEASE DO YOUR DUE DILIGENCE Disclaimer: This Mario Drolet Stock Notes are produced by MI³ Communications Financières is neither an offer to sell, nor
the solicitation of an offer to buy any of the securities discussed therein. The information contained is prepared by MI3, emanating from sources deemed to be reliable. MI3 Communications Financières makes no representations or warranties with respect to the accuracy, correctness or completeness of such information. MI³ Communications Financières accepts no liability whatsoever for any loss arising from the use of the information contained therein. Please take note that for compliance purposes, all directors, consultants or employees of MI3 Communications Financières are prohibited from trading the securities of the company and MI3 Communications Financières is a shareholder and do not intend to sell any shares during the distribution of this report. Trump’s test results fuel global market uncertainty, increase interest in Vice- Presidential debate Rising early AM to the Trump COVID-19 breaking news, the emails abound with commentary that ranges from the increasing interest in the Vice-Presidential debate to sincere concerns surrounding his health. Sr Editor Frederick Kozak text messaged us with: “There’s so much uncertainty in the global markets right now and Trump’s positive test will only add to it. It’s damned inconvenient to have this in the last month of the campaign. More uncertainty will be the order of the day.” Henry Weingarten sent me his thoughts early AM with: “Markets hate uncertainty. Today’s bombshell announcement about Trump’s
COVID-19 positive test is just that. Hence markets are dropping….keep in mind that this could shake up the presidential race in an unexpected way by focusing on the Vice President in 2021.” Let’s turn our attention to “the other big news from the White House just two days earlier that an Executive Order has been issued declaring “a national emergency” to deal with the threat of a lack of critical minerals supply chain for the US.” as Sr Editor Matt Bohlsen wrote this morning in his column titled White House News: Trumps test positive for COVID-19 and critical materials national emergency declared. In my opinion, the best written material on the Executive Order was issued in a news release by Energy Fuels Inc. (NYSE American: UUUU | TSX: EFR) yesterday titled: Energy Fuels Applauds President Trump’s Executive Order Declaring State of Emergency to Address America’s Overreliance on Critical Minerals from Foreign Adversaries; Includes Uranium, Vanadium and Rare Earth Elements. Mark S. Chalmers, President and CEO of Energy Fuels stated: “President Trump made a strong statement last night (September 30, 2020) on the importance of bringing the production of critical minerals back to the United States. In 2018, the Administration deemed 35 minerals critical to U.S. national security and the economy. For 31 of these 35 minerals, the U.S. imports more than half of our requirements. And, for 14 of these 35 minerals, the U.S. is effectively 100% dependent on imports. These minerals are needed for aerospace, computers, cell phones, electrical generation and transmission, renewable energy systems and batteries, and advanced electronics. This is an unacceptable situation for a superpower like the United States, and we applaud President Trump for taking bold action to address this critical need.” Follow-up to this news includes an interview with Jack Lifton of the Technology Metals Show, we should have this live over
the weekend. On a final note, we do cover biotech and life sciences and if your interested in seeing who we are watching in the capital markets for COVID-19, from our Top 20 companies in the Disinfection market sector to vaccinations, click here We will be reviewing at market close today.
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