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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

Comment by mercedesmanon Nov 16, 2020 10:06am
87 Views
Post# 31905955

RE:Or maybe they could

RE:Or maybe they could
Inca2020 wrote:

Continue to minimize the capital markets side and focus on generating sales. I mean what's the excuse? You had an idea, you got FDA approval, sell it.. or get someone else to sell it. 

Put all your effort into farming it out if the in house department can't hack it? 



There's a fresh idea that's never been thought of...and  here I thought they were going to put on their Salesperson hats, and start distributing their products and make a boatload using their top heavy highly skilled sales-oriented staff ;)

Did it ever occur that the key FDA approval needs to be (almost) in place before they get the price they want/deserve?  I say "almost", because interim data could be everything that a potential buyer needs to know.

In the meantime, it's an apparent anti-IR program to keep attention away from the stock.  Don't want the ultimate Buyer to get spooked or cold feet.  Maybe there's a "I'm not chasing the price, so don't draw attention to yourself" clause somewhere?

MM

PS the staff griping thing is a distraction. They see Mgt enriching themselves with options that will pay off handsomely in the future.  Too bad no one thought to reward the secretary, AP clerk, and janitor, like Microsoft did for their staff in the 80's.

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