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.

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Spectral Medical Inc

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Comment by RetailRubeon Mar 10, 2010 12:53pm

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Post# 16866256

RE: The"forty cent party"....

The lowest SDI closed since Jan 27, 2010 is 47 cents. So how does SDI get to issue options to employees and insiders at 40 cernts on March 2? Is this legal in Canada? What are the rules on backdating options? Maybe its just illegal in the US. However, I have never seen this before in Canada in the stocks that I follow.

I looked on Sedar for the options announcement but there is so many documents and news releases issued since late December that I can't find where they announced their options plan.

This seems very greedy.

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Cross border trading in Canada and Australia