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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 mercedesmanon Feb 27, 2023 12:41pm
164 Views
Post# 35307427

Good thing ...

Good thing ...We have $ 11M in the bank and another Baxter tranche pending (Interim), and reduced cash outflow on  iDialco...and last but not least - the unlimited deep pockets & patience of the FA80 !  (not to mention insider participation in financings (see Bihl/Stevens), and the unending patience of Toray and Birch Hill)

That way we can keep the CCdoubleA peeps at bay.

They all must be eyeing the prize - that $ 2 B USD + opportunity (post FDA), with no competition (i.e no competing NA Trials), a "confirmatory 3 b Trial" that is "exceeding expectations", and the fact that it's 1st and goal to go...after a long haul.

MM
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