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Our next guest runs a company that sells what's called regenerative.
Tissues from harvested cut out was she says this is a way to avoid Obama has medical device tax Karen.
-- do re correct pronunciation that's is that Iraq.
Can't exonerate you other CEO all acts of -- -- look at it now when Pacifica is right.
You harvest two issues from cadavers can pretty gruesome business I suspect and you implant those two issues in people -- a condition.
And they implant is a way round using a medical device implant is that writes.
Yes and I absolutely.
-- the tissue donation process has been around for a long time.
And that allows for the body to heal itself so that surgical implant can go and creates a blueprint for regeneration of the tissue so the political -- is your petition yet you've -- yes and -- he's not a medical device not a medical devices that -- is not and it's not -- it is not a medical device it is considered a different regulatory classification with the FDA.
That it does not is not subject to that medical device tax which of course is.
Very difficult and devastating to a start up for innovative company which you you can't apply this to all situations where I mean if grant needs a new hip she doesn't harvest -- cadaver tissue -- Now return -- medicine as a new forming area of their many types of regenerative medicine products are areas -- -- peripheral nerve injuries.
So if you have a traumatic injury you cut a nerve in your body.
Traditionally you would do either a transfer of an hour from that patient's own body or surgical implant called -- -- cough that's medical device subject medical device catch up.
If I've got a traumatic injury to my -- for example.
Traditional medicine would put in some kind of did voice a physical actual metal device to keep me going for exam and this and if plastic -- if they're okay.
But could be attacks on that implant right right you'll come along -- -- all of a second I've got this -- I -- back in it will re grow itself and there is no tax on that tissue -- put into my -- is that.
And I absolutely set infected -- -- itself and becomes the patient's own tissue it essentially is a blueprint for the body for your body if you had that injury.
You re created to honor that you sell yourself all this is a high tech company the way of the future.
Well you know some yourself as a way around the medical device stacks are you.
I think our focus is really on the patient is doing business booming.
Our business -- really good growth potential so we're excited growth potential -- -- not -- growth so -- yes we've actually had 60% growth a year on year comparison so we've had some very good growth but we're still very the very beginning as medical innovation happens you have to build the building blocks of putting in clinical data and educating surgeons and that's kind of where we -- today oxygen.
Private company now public my public yes micro cap and whose stock symbol yes -- XDNAXG.
And I'm sure to the Charles -- yeah.
It's in writing it the Karen thank you very much indeed for joining us that was accident that we do appreciate even have to be here thank --
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