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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 Nohandledzepon Jan 28, 2014 3:58pm
200 Views
Post# 22144026

RE:Today's NR and the Unspoken analyst report

RE:Today's NR and the Unspoken analyst report
I find it odd that this release is nearly identical to what the $5, $10 and $22 analyst was projecting for early 2014. With the exception of the words "but" and "soon" this is a very positive release.

The trial is not being stopped for safety or efficacy reasons, but enrollment requirements are being recalculated, presumbly to expedite the trials completion. If the DSMB had bad news for Spectral the trial would have been stopped cold, not allowed to continue and quite possibly be accelerated through to completion.

Its a pretty gunshy crowd when "but" and "soon" can drive a 35% hair cut.

It would seem to me that this rather Spartan, but otherwise positive, news release is being "played up" a little bit.
Bullboard Posts