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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 Nov 16, 2021 4:20pm
156 Views
Post# 34133634

RE:Is hi-liting bumbling/ fumbling....

RE:Is hi-liting bumbling/ fumbling....It strikes me as odd, that a Company wouldn't want to put their best foot forward when they have the kind of medical assets that they do with little to know competitors, in a medical market with very substantial unmet needs, and with massive barriers to entry:
  • Why wait years before electing to trade on Nasdaq? After all, it's full of concept/zero revenue stocks that are undergoing Trials (many or most Phase 1 or 2 only, or worse not even (e.g. CTSO).  Why? Presumably it's becasue it's the best place to raise capital if you are going through extended Trials.
  • Why give the excuse to create a virtual posse of critics on-line and create another negative feed-back loop? 
  • Why such little effort in front of the Investment community vs it's many many peers in the Biotech community?

What can possibly be gained by such a strategy?  Hmmmm?!  That's the $ 6.4B question !

MM



SouthernTierTom wrote: A corporate strategy to enhance benefits?

I dont mean here of coarse, but as a general rule?

I never use "his" name, it is what "they" want - imho

Bon appy,
T



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