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

Spectral Medical Inc > I forgot that…

<< Previous

Bullboard Posts

Next >>

Comment by BayStreetWildon Aug 16, 2021 11:20am

101 Views

Post# 33709933

RE:RE:RE:RE:I forgot that…

Didn't they have 40 hospitals enrolled or something to hit those kinds of numbers?

mercedesman wrote:

"It would be nothing short of a miracle for 10+ to be enrolled per month. So far the number is substantially less than 1 per month so it's not even realistic at this point.

When you say Kellum has got it back to 10+ per month, what do you mean? It has never in the history of Tigris been 10 so how would it "go back"? That's quite misleading of you. " - BayCityRoller

Sorry, my bad. I guess I was thinking of the good 'ol days of Euphrates.

I guess I am perhaps somewhat niavely assuming that with a world-renowned Key-Opinion-Leader, now on board, as the CMO, and that with all his first hand knowledge of these US hospitals and presumably some of the Mgrs at each (and the fact that many new locations were hand picked by him) that each hospital can somehow get to a little under one patient per month (on average). 10/15 = .667 patients per hospital per month (in order to average 10 patients per month across 15 hospitals).

If not at that expected pace,I wonder why Chris needed an additonal $ 10-$ 12M ? Lifestyle? Massage benefit plan?

MM