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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Post by hmmmmmmmmon Jun 01, 2022 2:09am

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Post# 34722229

Does anyone know..

Why as recent as November. Mgmt. was saying the DIMI trial would take 4 months to complete - (January to May I believe)

And now Mgmt. are saying it will take 18 months to complete.

No reasons were given- they are now just stating that it will take 14 more months from whenever it starts- until last patient.

They did not say- if there are COVID disruptions or add any other caveat for the additonl 14 months.

This is not a bash- it's an honest question re: a large discrepancy.

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They started in video game investing, now they serve high net worth traders