More MTX-180 sales -- to Turkey -- multiple units but number not stated:
<BSD Medical Corporation ( BSDM) (Company or BSD) ( www.BSDMedical.com), a leading provider of medical systems that utilize heat therapy to treat cancer, announced today that the Company has sold multiple MicroThermX® Microwave Ablation (MicroThermX®) systems and antennas to ADA Medikal (ADA), pursuant to their exclusive distribution agreement signed in October 2012 for the MicroThermX® in Turkey. ADA is a leading, medical, specialty distributor in Turkey with offices in the major metropolitan areas. ADA represents a number of major medical device companies and sells strategically adjacent products to the same clinicians targeted for the MicroThermX®.
Turkey is an important international market with a population of more than 73 million and the world's 15th largest economy. ADA projects that they will need to order a significant number of systems to address the market for the MicroThermX® in Turkey. Turkey's location at the crossroads of Europe and Asia and its growing economy have led to its recognition as a regional power in the Middle East.>
A usage level of only two disposable applicators ("antennas"; $2000/ea) per week would mean 50*$4000=$200,000 per year. Up to 3 antennas can be used per treatment, for a single tumor -- and patients can have several tumors. As usage grows, more than one treatment per day is easily expectable, or over 250*$4000=$1 million per year per machine for the disposables. There are, I believe, more than ten MTX's in operation now; and there are many hundreds of hospitals in the U.S. alone that could profit handsomely from this equipment. You do the rest of the rough math.
:-)
Remember:
1) The MTX is the way-out best microwave ablation machine.
2) Microwave ablation (MWA) is fundamentally far better than the present Interventional Oncology leader (radio-frequency ablation, RFA).
3) IO is a quite sizable, rapidly growing medical practice (something like $5 to $10 billion per year and growing at about 14%/yr)
There -- easy as 1,2,3. :-)
Oh! Then there are the BIG machines -- the *benign*, highly-effective BSD-2000 series; which could supplement or largely replace radiotherapy machines and chemotherapy drugs (both of which involve serious, inherent side effects). |
