Apyx Medical Corporation (APYX), formerly known as Bovie Medical Corporation, is an advanced medical technology-specialized company that develops, manufactures, and markets various medical products and technologies. It is primarily known for innovation in the field of electrosurgery, developing high-frequency equipment capable of cutting and/or coagulating tissue. The company is based in Clearwater, Florida, and it was founded in 1978.
The core business of Apyx Medical Corp focuses on two primary areas. First, it manufactures and sells a range of electrosurgical products. These are primarily marketed under the Renuvion and J-Plasma brands, and they are used by clinicians in a variety of settings, including hospitals, surgical centers, and doctor's offices across the globe.
Renuvion is one of the products that has positioned the company in the aesthetics sector. It is used in cosmetic surgery, dermatology, and procedural dermatology. Renuvion delivers a helium plasma stream combined with radiofrequency (RF) energy to provide a unique thermal effect on tissues.
J-Plasma, on the other hand, is a plasma-based cutter and coagulator that combines cold helium plasma with RF energy. It generates a precise beam of energy that can be used for cutting, coagulating and ablating (removing) soft tissue. It is designed to minimize heat dispersion and thus avoid potential thermal injury during surgical procedures.
In addition to its product line, APYX also offers contract manufacturing services to companies in the medical device sector, providing OEM (Original Equipment Manufacturer) services for a range of medical products.
Apyx Medical Corporation has established itself as a key player in the medical technology industry. The company is dedicated to enhancing patient safety and improving surgical outcomes through its advanced technology platforms. In terms of financial performance, APYX has shown steady growth over the years. It is publicly traded on the NASDAQ stock exchange under the ticker symbol APYX.
The company's mission of improving the lives of patients and healthcare professionals aligns with its ongoing commitment to research, development, and innovation, setting the stage for its continuous growth in the medical technology sector.
In essence, Apyx Medical Corp highlights the intersection of innovation and healthcare, demonstrating the power of advanced technology in transforming medical procedures and positively impacting patient outcomes.