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Spectral Medical Inc T.EDT

Alternate Symbol(s):  EDTXF

Spectral Medical Inc. is a Canada-based late-stage theragnostic company advancing therapeutic options for sepsis and septic shock. The Company develops and commercializes a treatment for septic shock utilizing its Endotoxin Activity Assay (EAA) diagnostic and the Toraymyxin therapeutic (PMX). PMX is a therapeutic hemoperfusion device that removes endotoxin, which can cause sepsis, from the bloodstream and is guided by the Company’s EAA. PMX is approved for therapeutic use in Japan and Europe and has been used safely and effectively on more than 340,000 patients to date. It has pioneered the development of biochemical markers for the clinical syndrome known as septic shock. It is continuing its legacy business of manufacturing and selling certain proprietary reagents. It develops, produces and markets recombinant proteins, antibodies and calibrators. These materials are sold for use in research and development, as well as in products manufactured by other diagnostic companies.


TSX:EDT - Post by User

Comment by hmmmmmmmmon Feb 23, 2024 9:14pm
93 Views
Post# 35896801

RE:RE:Peeking is very real.

RE:RE:Peeking is very real.My only question is how do they sell a big purchase like that to shareholders and analysts without knowing how the trial is going?

Could they tell analysts: We had the opportunity to know exactly how the trial is going- but said No to that, and now want to write a huge check- gambling in the dark.

I was on the Vantive IPO train until they told the world they did not look at Tigris trial data.

That makes zero sense for a potential buyer with that opportunity- unless they were going to wait until Top Line Numers or FDA approval.
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