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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 SouthernTierTomon Sep 15, 2021 9:15am
149 Views
Post# 33860734

One of the STIG members ( southern tier investment group )..

One of the STIG members ( southern tier investment group )..recently asked me about the transition from the phase 2 Euphas trial to the phase 3 Euphrates trial.  They asked why Spectral had NO involvement in the phase 2 trial and if the phase 3 trial was simply an exstention of the very successful phase 2 Euphas.  My response was that any involvement from Spectral in the phase 2 Euphas would have produced A LOT of both attention to the company and subsequent upward pressure on the share price.  He then asked why that was not "sought after"...I had no reply.

Moving on... he asked why the phase 3 was initially a "Natalie declared" failure if it was an exstention of the phase 2 "homerun" ( see 21% absolute benefit and termination due to extreme benefit )  I replied that the phase 3 was really NOT AT ALL like the phase 2.  As a matter of fact, it was a potluck of septic patients...really returning to the VERY problem sepsis has had for many decades.  Sure, the EAA levels were high, BUT the composition of the patient population was the ultimate "lootbag of patients".  As a matter of fact I replied, the most beneficial group of patients ( abdominal ) ended up being the greatest % population in the placebo group vs. the PMX group ( due purely to the random nature of the trial )

WHY wouldn't the FDA have requested a much closer design to the phase 2 Euphas trial for faster access to approval given the stellar safety profile and the clear unmet need...ESPECIALLY in abdominal / translocation patients where anti-biotics are futile and PMX is the globe's top endotoxin remover?

My response;

"this page left intentionally blank"

Bon appy,
Tom
PS - the STIG may or may not be real / accepting new members and may or may not fully understand the benefit of "mobile goal post$" ; - )
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