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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 Jan 10, 2022 6:16pm
253 Views
Post# 34301654

RE:Share price finally moving up

RE:Share price finally moving up ...but a long way to go before it gets into the right range..  Hopefully, a buck or two ( pre FDA approval) is around the corner... based on EBITDA multiples, need ( incl. for endotoxemic Covid patients) and the probabilities of Trial success. 

With a highly infectious Omicron surge in US and short term presssure at the hospitals, I for one am not too worried about the Trial. Omicron will move through the population quickly ( see UK and SA) with less ICU strain.  Then we can get on with full recruitment of patients as well as the Dialysis Study .
With regular and timely updates from the company we should see some sustained green.

MM 


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