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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 Jul 20, 2021 10:06am
166 Views
Post# 33574748

RE:RE:RE:AEMD is up 84 cents US today

RE:RE:RE:AEMD is up 84 cents US todayLets not forget about CTSO, up over 100% from both its 2019 and 2020 (pandemic) lows !

The americans love their innovative medical stories, and blood filtration seems to fit the bill (the 60 minutes tease a few months back helped I guess)

My only complaint is that they don't have a companion diagnostic, so how do they know, for any given patient,which cytokines are elevated (aren't there > 140 different types?)?,  what they are removing (aren't there good and bad cytokines?)?, and what is considered a normal level?  and might that not differ from patient to patient?

Perhaps one day soon they will begin a FDA Trial that might justify their well deserved, almost 1/2 Billion (CAD $), valuation.

MM

PS maybe the two Companies should collaborate, since I've heard that use of PMX, (although only designed to remove Endotoxins) actually results in reduced levels of IL-6 (the known to be problematic cytokine).  Didn't Doc Walker say once that endotoxins are known to be a precursor of cytokines and the eventual cytokine storm?  Maybe Spectral could save CTSO from the trouble of conducting a whole Trial over say an 8 to 10 year period.  The shareholders might appreciate the cost savings.
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