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Spectral Medical Inc T.EDT

Alternate Symbol(s):  EDTXF

Spectral develops devices for unmet medical needs. Sepsis occurs in 1.7M Americans/year causing 250K deaths, often caused by endotoxin. Our devices measure and remove endotoxin from the bloodstream. An FDA confirmatory trial is underway. Dialco, a Spectral sub, offers SAMI, a novel instrument for renal replacement, cleared by FDA. Dialco is seeking FDA approval for DIMI a unique home dialysis enabler. These devices have large commercial potential


TSX:EDT - Post by User

Post by Spectracleson Dec 17, 2022 4:10am
554 Views
Post# 35177370

i-Dialco

i-Dialco
I think we have to look at more than just the deadline with Informed. Based on the press release it appears as though Dialco had specific performance targets that had to be met as well. It could be that it's better to retain 30% of a very viable company while at the same time relieving the burden of financing and sales targets while Dimi gets FDA approval. My guess is this is the best deal they could negotiate but in reality it's still a great assett for Spectral IMHO.
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