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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 Mar 21, 2022 12:55pm
116 Views
Post# 34531750

RE:RE:RE:RE:Interesting....

RE:RE:RE:RE:Interesting....
Accountprince wrote: MM - I agree that pieces will fall into place in the short term.  All the missing info and disclosures will need to be brought up to date.  There seems to be a sense that something has been or is in the works.

Although the new CFO has NASDAQ experience they highlight his experience in taking the company he worked for private from the NASDAQ.  I feel if they wanted to do a NASDAQ listing it would have happened by now.  His "going private" experience is a curious item to include in the background info of a newly hired CFO.  Gotta give them credit for full disclosure though.



Some good points AP

You mean full disclosure, on certain issues, when it serves a purpose, I assume?

Agree on Nasdaq...perhaps they need to show potential buyers that they have a secondary endgame option if the price isn't right?

There ceases to be a need for a Company (much less a public one) once you have sold off your NA Rights X 2 (and your worldwide rights X 1).  Clean-up on aisle 3 

MM
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