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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

Bullboard Posts
Comment by smush74on Dec 04, 2013 11:46am
117 Views
Post# 21969103

RE:RE:RE:Reverse split...

RE:RE:RE:Reverse split...The reverse split won't change the value of the company, allit will do in the short run is reduce the share float and give the remaining shares on the market a higher price. The company has enough money right now so I do not for see any need to go to the market for additional funds. If the stock hasn't moved at all once those 14 million warrants are exercised or not (worst case) then I see a problem for cash.
If they are all exercised that is another 800K in the bank, but until we get closer to FDA approval and more data there is really no reason why there would be any major movement up or down.

My opinion of course
Bullboard Posts