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 Nohandledzepon Jan 29, 2014 12:20pm

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Post# 22147980

RE:Wedbush this afternoon

BLB...

For some unusual reason Wedbush has treated this release as if this were what they were expecting when they issued the $5, $10 and $22 price targets.

Apparently their 60+ years in investment banking and 1,000 employee status doesn't allow them the insight and foresight that the panic selling retailer has. They have reiterated their buy rating with a conservative 12 months target of $5? Are they for real?

Someone should really fill them in and let them know that yesterday's release was terminal.

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