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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
Post by scroll4factson Oct 04, 2016 11:35am
159 Views
Post# 25306850

MB is only one part of the puzzle

MB is only one part of the puzzle

In the document below you'll see that efficacy is only one factor influencing the FDA decision. That is why those mentions in the PR like: "Clinical data demonstrates a positive benefit for patients in septic shock", " it did demonstrate beneficial treatment effects across multiple end points", "cardiovascular function improved and the use of vasopressors decreased", "The trial clearly showed that the Toraymyxin™ medical device is safe", "The overall data from our pivotal Phase III trial clearly demonstrates a clinically relevant impact on patient lives", become very important. I understand that even a device showing 0% MB over standard of care could be approved if it's safe and improves patient conditions.

https://www.fda.gov/medicaldevices/deviceregulationandguidance/guidancedocuments/ucm267829.htm

Bullboard Posts