May 27, 2008 -- MedX Health Corp. (Mississauga, Ontario, Canada; TSXV: MDX) has filed a provisional patent application with the U.S. Patent Office for its "Photobandage", a bandage technology designed to enhance the healing process by bathing the area surrounding a wound in light.
"It is our intention to accelerate the development of this new product, aimed at the large and rapidly-growing wound care market," said MedX President Steve Guillen. "This filing, the first in what will be a series of event/milestones, is evidence of progress in this direction and of our commitment to the application of light therapy to the wound-care market." He added that the company intends to license the technology to one or more major wound care companies for further development, marketing, and sales.
MedX is a developer and manufacturer of phototherapy (low level laser) medical devices, including dental, rehabilitation and wound care products. MedX products are used by practitioners in clinics, academic facilities, and hospitals throughout North America, as well as by professional athletes and sports teams, to improve quality of life through accelerating healing and reducing pain.
MedX plans to use the proceeds from its recent public offering to expand its distribution network; support its marketing program; continue development of new dental, rehabilitation and wound care products; undertake research and development for wound care products; and for working capital purposes.