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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 RickyBobbyTOon Jun 06, 2022 8:52pm
194 Views
Post# 34735765

Has the financing been announced yet?

Has the financing been announced yet?

With the new executive, the burn rate must have increased. Still on track for ~$3.7M by June 30? That only leaves them with 3 months of burn? A financing takes a few weeks to organize and a few weeks to put the paperwork together and close. 


are they still doing 1 patient per month? Going to need to raise at least 10 million.  Will be hard in to do in this market. Maybe two $5M financing will go down easier. The death spiral. That way the boys participating can average down... or up... right? Nah for sure they will razzle dazzle us as they did in the past and find some non dilutive way to get money through the door. 

how long until 60% enrolment? What's the count at again? We need 90 patients right? 60 more? Maybe they'll increase entitlement 10x this month after 3 years of doing 1 per month.

 

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