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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 Stocktreeon Nov 25, 2020 10:16am
831 Views
Post# 31969019

Being American means you sometimes hating the TRUTH!

Being American means you sometimes hating the TRUTH!
This is not a company just "facing a binary event". It is a company with several approved devices/procedures/agreements.

As an old diabetic American teacher used to say: "Don't play games with me".

There are currently no working theory explaning why EDT decision-makers would want the price to stay low, except that of taking the company private (buying out the shares the big players do not own at a ridiculously low price).

Whether the long lasting dreadful performance of this stock is intentional or not, it does not bode well for current long-time small investors, or at least not as well as some here are hinting at.
Bullboard Posts