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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

Post by hmmmmmmmmon Apr 08, 2022 4:34am
258 Views
Post# 34586866

Unbelievable

UnbelievableAfter a year of waiting for the 12 week, 35 person trial to start- they are now calling it an "18 month study" and see delay pushing FDA clearance to 2024.

No wonder people are grabbing multi million option rip cords.


"Spectral management is expecting the first patient enrolled in the DIMI home-use study in the third quarter of this year, with the study completed in about 18 months. McAuley said this is about six months longer than previously expected. The delay effectively pushes potential expansion of the products’s FDA clearance from the second half of 2023 to mid-2024."
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