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.

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Spectral Medical Inc > The time arrived 15 years ago, but the "rewards" just now?

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Comment by Domino55on Apr 12, 2022 12:01pm

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RE:RE:The time arrived 15 years ago, but the "rewards" just now?

I'm not sure Toray would forgo 125 plus billion in cumulative global revenue, treatment exposure and patent establishment so some execs at a pee on Canadian biotech can enrich themselves through 15 years of delay to sell for $8.00 a share, but Ok it makes perfect business sense. I'm assuming that was a response to Alex Jones....

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