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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 gebremeskelon Mar 06, 2024 5:53pm
178 Views
Post# 35919223

This is more or less what was said...

This is more or less what was said...Dr. John Kellum

With regard to confidence in the preliminary data, although we have not and we will not conduct any formal analysis of ... data until we complete the trial, we continue to be very pleased with the results so far. Our confidence in the results of the trial remains high. 

In November, we published the simulation of the of the likely Tigris results using Bayesian statistical analysis. The paper was published in Critical Care...and was co-authored by our site investigators. The first author of the paper was George Tomlinson, a highly respected biostatistician and expert in Bayesian statistics in the University of Toronto. The results of these simulations furthers our confidence in the final outcome. 

You may have noticed, however, that the language that was used, have used in the past, "exceeding expectations” has been removed from recent press releases. 

On advice of consultants and in deference to future FDA deliberations, we are taking a more conservative and less quantitative approach to describing our results. In particular, we're steering clear of any language that might suggest that we're conducting interim analysis which would result in statistical penalties. 

What we can say, however, is that we're quite pleased with the results and we're confident in the outcome. 

 

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