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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 29, 2022 9:29am
188 Views
Post# 34859634

RE:RE:RE:RE:So what does exceeding expectations mean…

RE:RE:RE:RE:So what does exceeding expectations mean… Corollory :

I hope the Trial does go to completion. Why? With Tigris "exceeding expectations", then the AB stands to increase with each patient admitted to the Trial.  That is because the Euphrates subgroup of 10-11% has to be blended into the final tally.   Theoretically the overall AB would reach its maximum at Trial completion as long as Tigris was "exceeding expectations".

That does not mean I think that it will take the FDA that long (sometime in 2023) to approve it, nor does it mean that a savvy acquirer won't outlay for the Rights well before completion.  In fact , and increasing AB over time, might incentivize them to offer more sooner, knowing in which direction the results will be drifting, by the time that the statisticians have crunched the final numbers.

MM
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