Ubiquitech Software Corp. (OTC:UBQU) Stock On Watchlist After Distribution Agreement With MDM Wound Ventures

One of the stocks that could be in play this week is that of Ubiquitech Software Corp. (OTC:UBQU). The company, involved in the innovative software development space, was in the news on April 5 after it made an announcement about its subsidiary unit, Innovative Outcomes Inc. It was announced that Innovative Outcomes had entered into a distribution agreement with the firm MDM Wound Ventures. As per the terms of the agreement, MDM Wound Ventures would distribute its EZE Debride, the new wound debriding system from Innovative Outcomes, to healthcare professionals throughout the United States.

In this context, it ought to be noted that wound debridement is the process by which dead tissues in and around wounds are removed. The process is crucial to the long-term care and healing of patients who need wound care. However, more importantly, effective in-home debriding helps in cutting down visits to doctors and cuts down on costs. The product could help save money for not only patients but also the healthcare system as a whole. It could help with faster wound healing and provide patients with more control over their wound care processes.

Another important thing to keep in mind is that insurance companies stipulate the requirement of a debridement process in cases of wounds if the treatment is to qualify for reimbursement of the costs of dressings for wound care. In the news release, it was noted that such a requirement made the agreement between Innovative Outcomes and MDM Wound Ventures a perfect fit. Another key factor that investors ought to keep in mind is the fact that, as per Modor Intelligence, the size of the market for the device in question could hit $4.95 billion, and the CAGR (compound annual growth rate) was estimated to be 5.97%.