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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 13, 2017 1:00pm
156 Views
Post# 27148154

RE:RE:RE:RE:question for those in the know

RE:RE:RE:RE:question for those in the knowMany thanks for your explanation MM.  Makes complete sense.  Yes, hopefully the US relaxes their ultra-stringent process and Spectral's application is approved pronto.

mercedesman wrote: "how it was approved in Canada already but is taking so long in the US.  I am trying to understand the differences between the countries." Imatryin

The US (FDA) has the most rigid standards in the world. Canada takes queues from US FDA approvals but does not otherwise abide by the same standards.  Note that PMX has been used in Japan and Europe for more than a decade.  In that sense Canada is more like Europe...or perhaps more correctly - somewhere in between. 

I woudl also note that the US FDA has apparently been under some pressure to move away from the rigid 28-day mortality statistical requirement when it comes to approval of drugs and devices relating to much more complex deseases (e.g cancers and Sepsis)  with diverse populations (that can perhaps be better stratified as to treatment course, with the advent of biomarkers)

What Canada needs is a canadian champion (e.g a Ronco type) coupled with a Distribution Partner (announced today) with some marketing $ put behind it.

MM


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