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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

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Post by overthelakeonlyon Jul 30, 2016 3:08pm
219 Views
Post# 25098497

INSIDER SALE & NORMAL COURSE ISSUED BID

INSIDER SALE & NORMAL COURSE ISSUED BID
In press release concerning the ''Normal Course Issued Bid''Spectral said----------------''Spectral believes that the Shares have been trading in a price range which does not adequately reflect their value in relation to the business of Spectral and its future business prospects. As a result, depending upon future trading prices of the Shares and other factors, Spectral believes that the Shares may represent an attractive investment to Spectral. Furthermore, any purchases made under the normal course issuer bid can be expected to benefit all persons who continue to hold Shares by increasing their percentage equity interest in Spectral.''-----------------------------------------------Following this press release, I think that there is a great lack of judgement from a CFO who sell 50,000 shares on the market.-------------------------------------------------------------------------------BUT ONE THING IS CERTAIN, BUSINSKAS DOES NOT SELL BECAUSE HE KNOWS SOMETHING BAD, IT SHOULD BE AN INSIDER OFFENSE. He has his personal reason but judgement is missing.
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