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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 Mar 23, 2021 12:27pm
158 Views
Post# 32858497

RE:RE:RE:Don't despair this has fallen to $0,51 . Based on years

RE:RE:RE:Don't despair this has fallen to $0,51 . Based on yearsRight you are AP

I was low balling, so as not to get investors here overly excited. lol

Break-up value/sh, IMHO, is likely much higher than what we are trading at today given:
  • NA rights to PMX (lots of othe uses beyond Sepsis)
  • worldwide rights to FDA approved EAA (only FDA approved endotoxin diagnostic)
  • NA rights to FDA'd SAMI
  • NA rights to DIMI (what s/b only the 3rd HHD machine)
  • worldwide rights to use of SAMI/DIMI for more than CRRT (e.g HPF)
  • Accumulated tax losses
  • Cash on hand


One should always look at the downside/worst case - fortunately investors get that in spades via MD&A etc.  Very little upside, blue skying to speak of (unlike say many other publicly traded Co's with active/vocal analysts).
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