Gadgets like this are the reason the FDA takes so long to approve legitimate drugs and devices. Imagine the amount of effort it will take to determine if this device is effective.
During the 80's, I did hardware and software engineering for a small light-measurement company that sold spectrophotometers, colorimeters, spectroradiometers, photometers, etc to both the commercial market and about 35% of sales as subcontractors to primary defense contractors. Measured things like cockpit crts, LEDs, jeep tail-lights, headlights, etc., etc.
When visiting the trade shows I was always fascinated at the hundreds of clever people running around getting ready to use colorimeters to do medical testing. HWP and a few others actually do some such measurements. I learned in those days to always check the product catalogs of the big guys before wasting effort on new gadgets.
A 'truism' we used to pass around in engineering was, "All the easy stuff has already been done." HWP and the others have gangs of eager young and old inventors trying to come up with new variations on colorimeters to sell into the medical device market. When there is a useful device, it often depends on controls, standards, technique and software. Things the 'big guys' know lots about.
In a nutshell - be careful. Small companies may invent new medical gadgets, but not many. And if you were selecting devices for the Rochester Clinic, would you purchase a new device from CCSID ( don't forget the D ), or would you first call HWP, BAX, etc and ask what established device maker already makes such a device? Remember - your family's security is on the line, along with the clinic you work for.
Pardon my intrusion. Reading the press release stimulated this outburst. Brings to mind the medical gadgets sold door-to-door at the turn of the last century. Hopefully the device written about in the press release will work out for all investors.
Good luck,
Herbert |
