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Spectral Medical Inc T.EDT

Alternate Symbol(s):  EDTXF

Healthcare Biotechnology Medical Instruments & Supplies
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
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Post by SouthernTierTomon Jan 25, 2022 2:38pm
148 Views
Post# 34359128

Up 30 cents CAD on the approval to start a phase 2B

Up 30 cents CAD on the approval to start a phase 2BIndeed a nice little case study to watch MMED a start up focussing on the application of LSD based medication gain about 130M CAD in company value today when the FDA allowed them to restart their phase 2B trial after initially stopping it and asking for more detail.  hmmmm?

MMED's  increase today alone represents TWICE the entire value of EDT

Feels like the ultimate sales job has been done at both ends... my end is sore.

Bon appy,
T
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