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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 imatryinon Dec 07, 2017 8:22pm
149 Views
Post# 27114243

RE:Important statement by FDA Commissioner Scott Gottlieb

RE:Important statement by FDA Commissioner Scott GottliebHave yet to validate the source, but if true, this is significant indeed.  This forward-thinking perspective could offer a less stringent path to success for Spectral.  And that of course would be better for every single person that its solution saves.

hmmmmmmmm wrote: The agency seems to now have a deeper view than just black and white, pass/ fail. This feels so relevant to Spectral's "intereactive review process' with the FDA. 

"Accelerated approval allows the agency to approve drugs based on substitute measures of clinical benefit. For example, cancer drugs that cause tumors to shrink are considered likely to confer a meaningful clinical benefit, such as survival.
The same principal could be applied to drugs which appear to increase survival in a small number of people, Gottlieb said. It could be determined later whether the benefit was statistically significant."

https://mobile.reuters.com/article/amp/idUSKBN1DU2DS



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