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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 Jul 05, 2022 11:52am
190 Views
Post# 34802065

RE:FDA Breakthrough Designation

RE:FDA Breakthrough Designation
Accountprince wrote: Did a little looking at the FDA website and the process takes about 60 calendar days from submission for the FDA to respond.  The AGM presentation was on June 20, 2022 but I expect was assembled the prior business day (or earlier) of June 17, 2022.  Let's use that date for FDA submission.

With a 60 calendar day timeframe for FDA response, they should hear back by August 16 2022 from the FDA.  So it would appear the non-disclosed time frame should be around mid-August to hear if the FDA has approved the breakthrough designation.



Here's a link

https://www.fda.gov/medical-devices/how-study-and-market-your-device/breakthrough-devices-program



Is my device eligible?

Devices subject to premarket approval applications (PMAs), premarket notification (510(k)) or requests for De Novo designation are eligible for breakthrough device designation if both of the following criteria are met:

Criteria Description Refer to Guidance
First Criterion The device provides for more effective treatment or diagnosis of life-threatening or irreversibly debilitating human disease or conditions Section III.B.1
Second Criterion The device also meets at least one of the following:  
  1. Represents Breakthrough Technology
Section III.B.2.a
  1. No Approved or Cleared Alternatives Exist
Section III.B.2.b
  1. Offers Significant Advantages over Existing Approved or Cleared Alternatives
Section III.B.2.c
  1. Device Availability is in the Best Interest of Patients
Section III.B.2.d

When will I find out if my device received Breakthrough Device Designation

The FDA intends to request any other information needed to inform the Breakthrough Device designation decision within 30 days of receiving your request. You can expect to receive a letter communicating the FDA's decision to grant or deny the Breakthrough Device designation request within 60 calendar days of the FDA receiving your request.

It is helpful when a sponsor is available and responsive to the FDA's requests throughout the review timeline. If the FDA does not receive the other information needed to decide on a designation request promptly, it may result in denial of the Breakthrough Device designation request.


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