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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 hmmmmmmmmon Feb 21, 2023 11:30am
529 Views
Post# 35296362

100 patients enrolled!

100 patients enrolled!Back on June 20th at the AGM Spectral had 37 patients enrolled.

 Kellum and Seto pulled up an amazing graph and told us that even in the "worst case" we would be at 100 patients by Feb 2023 (right now). Eight months later (without Covid burden on ICUs) they have only been able to enroll13 patients- nowhere near the promised 63.

Proving they could actually do much worse than worst.

People invested their money based on management's presentations.

So when does Spectral/ it's BOD take responsibility for only delivering 1/5 of what they sold shareholders?

This company will not make it without dramatic and sustained enrollment increase.

Seto and Kellum have shown they are incapable of delivering.

Graph on page 10

https://spectraldx.com/wp-content/uploads/2022/06/spectral-agm-2022-presentation.pdf
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