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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 22, 2023 7:29pm
347 Views
Post# 35299692

Hospitals don’t want to do trials anymore..

Hospitals don’t want to do trials anymore..
That’s the latest excuse being told- from and insider at the company.
 
Saying the reason they can only add 1 patient a month is because- Hospitals don’t want to do trials anymore.. 
 
Never mind that they HANDPICKED the hospital sites.
 
Never mind that hundreds of other trials are enrolling as usual.
 
Execs repeating this excuse should be ashamed. 
 
They may think that passing the blame like this absolves them of their failures.. but it comes off as a clear admission of defeat. An declaration that they do not know how to work with hospitals and get the trial done.
 
How can the BOD hear these lames excuses and just sit on their hands and not act?

P.S. are they mentioning this to potential new investors? or just to long suffering shareholders.
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