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Bullboard - Stock Discussion Forum 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... see more

TSX:EDT - Post Discussion

Spectral Medical Inc > They sure want to keep things under their hat, it seems
View:
Post by daviking on Mar 04, 2022 8:57am

They sure want to keep things under their hat, it seems

 

SPECTRAL MEDICAL CMO DR. JOHN KELLUM TO PRESENT AT THE 27TH INTERNATIONAL AKI & CRRT CONFERENCE ON MARCH 7-10, 2022

 

TORONTO, Canada – March 4, 2022 – Spectral Medical Inc. (“Spectral” or the “Company”) (TSX: EDT), a late stage theranostic company advancing therapeutic options for sepsis and septic shock, as well as commercializing a new proprietary platform targeting the renal replacement therapy market through its wholly-owned subsidiary Dialco Medical Inc. (Dialco), announces that the Company’s Chief Medical Officer, Dr. John Kellum, has been selected to present at the 27th International Conference on Advances in Critical Care Nephrology (AKI and CRRT 2022), taking place on March 7-10, 2022 at the Hilton San Diego Bayfront in San Diego, California.

• On Monday, March 7, Dr. Kellum will participate in the plenary session, in a talk entitled, “Sepsis Phenotypes and Risk of Acute Kidney Injury (AKI),” where he will discuss the scientific rationale for endotoxemia as a molecular phenotype of sepsis causing AKI and other organ failures.

• On Tuesday, March 8, Spectral is co-sponsoring a workshop on blood purification “Differentiating Hemopurification Therapies – Practical Applications of Pathogen & Endotoxin Reduction”, where Dr. Kellum will present EUPHRATES to TIGRIS:  Targeting Endotoxemia in Septic shock.

• On March 10, at 11:30 AM, Dr. Sobia Khan, site investigator for the TIGRIS trial at Stony Brook University will present an update on the trial for the session, “Future Trends in CRRT and Critical Care - Update from Ongoing and Late Breaking Trials.”

• The Company will also have an exhibition booth to promote the SAMI device at the conference, where visitors will have the opportunity to meet with members of the senior management team.

About International AKI & CRRT Conference
The International Acute Kidney Injury (AKI) & Continuous Renal Replacement Therapy (CRRT) Conference provides a comprehensive review of advances in clinical care, research and technology in critical care medicine with a focus on the kidney and renal support techniques. Invited lectures, workshops, dedicated sessions for nursing, poster sessions and panel discussions are planned to continue the tradition of multidisciplinary during the conference. This year’s program again promises to provide the right environment to foster learning and mutually beneficial interactions and collaborations. For more information, please visit: https://crrtonline.com/.

About Spectral
Spectral is a Phase III company seeking U.S. FDA approval for its unique product for the treatment of patients with septic shock, Toraymyxin™ (“PMX”). PMX is a therapeutic hemoperfusion device that removes endotoxin, which can cause sepsis, from the bloodstream and is guided by the Company’s Endotoxin Activity Assay (EAA™), the only FDA cleared diagnostic for the risk of developing sepsis.

PMX has been approved for therapeutic use in Japan and Europe, and has been used safely and effectively on more than 300,000 patients to date. In March 2009, Spectral obtained the exclusive development and commercial rights in the U.S. for PMX, and in November 2010, signed an exclusive distribution agreement for this product in Canada. Approximately 330,000 patients are diagnosed with severe sepsis and septic shock in North America each year.

Spectral, through its wholly owned subsidiary, Dialco Medical Inc., is also commercializing a new set of proprietary platforms addressing renal replacement therapy (“RRT”) across the dialysis spectrum. SAMI is targeting the acute RRT market, while DIMI is targeting the chronic RRT market. Dialco is currently pursuing regulatory approval for U.S. in-home use of DIMI, which is based on the same RRT platform as SAMI, but will be intended for home hemodialysis use. DIMI recently received its FDA 510k clearance for use in hospital and clinical settings, and obtained its Health Canada license for use within Canadian hospitals, clinics and in home.

Spectral is listed on the Toronto Stock Exchange under the symbol EDT. For more information, please visit www.spectraldx.com.

For further information, please contact:
  Mr. Chris Seto
CEO
Spectral Medical Inc.
416-626-3233 ext. 2004
cseto@spectraldx.com
     Mr. Ali Mahdavi
     Capital Markets & Investor Relations
     416-962-3300
     am@spinnakercmi.com

 

David Waldman/Natalya Rudman
US Investor Relations
Crescendo Communications, LLC
212-671-1020
edt@crescendo-ir.com
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Comment by PezDalatoYou on Mar 04, 2022 10:34am
So action item #1 from Dr. Kellum's annual performance review earlier this week was 'to present Spectral at more medical conferences in your final 12 months'. Nice that he's already moved into action. It will be interesting to see what the other action items are in the upcoming months. ; - )
Comment by Accountprince on Mar 04, 2022 2:33pm
Pez - I would hope the annual performance goals you talk about for Dr. Kellum would start with first - successful completion of the TIGRIS trial with FDA approval as soon as possible thereafter and second - successful completion of the DIMI trial for home use with FDA approval as soon as possible thereafter. While going to medical conferences to "shake hands and kiss the babies" may ...more  
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