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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

Post by imatryin2on Jul 27, 2021 1:36pm
123 Views
Post# 33610908

What I find confusing...or not

What I find confusing...or notI have held this stock since the big drop a few years back. Ultimately, I believe in the need and the science and try to not get too caught up up in the infighting.

What I don't get is how the execs keep their jobs and how they sign multi-year agreements with Toray (who I presume are in it to make money) when we are faced with the cr@p results we are. Clearly the cr@p is only eaten by the retail shareholders cuz if that wasn't the case the execs would be gone and someone else would be pushing PMX.

At the end of the day, there are more stakeholders than Paradigm and a few insiders that will want a big return. I have to hope Toray's position is proof enough that there is a positive outcome expected. Til then I will just plug my nose for the stench of the greed.
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