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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 hmmmmmmmmon Dec 01, 2021 1:37pm
111 Views
Post# 34185974

RE:RE:RE:RE:RE:RE:RE:RE:Questions for the company.

RE:RE:RE:RE:RE:RE:RE:RE:Questions for the company.I'm not against asking questions about the SP, but I can't pretend that everything is rosy and there's no real questions on what's dragging out testing.

Spectral is a company that is shepherding other company's inventions (Toray= PMX, Infomed= SAMI/DIMI) through FDA testing in order to sell them in the US. 

As of Spectral's Nov. 12 update 

The Tigris trial (in it's 32nd month) has enrolled 25 patients out of the 150 needed.
(Begining of Tigris March 2019)

In May Spectral announced the DIMI 35 person usability trial to start in Q3 which has now been "postponed" to start end of Q1. 

It's maddening, and the SP is a reflection of what they have delivered on what they promised. They need to prove to investors they can deliver without adding years, more financing, dilution, etc.

If Tigris was at 90 patients we'd be dancing to a very different tune.
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