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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 pm1861on Aug 03, 2022 9:08am
279 Views
Post# 34867664

RE:For all but the 28 tapped out retail holders…

RE:For all but the 28 tapped out retail holders…Agreed Gorf,

For anyone who does not understand the implications know this.  Having a breakthrough device is far more than a mere title. It gives Spectral Access to rapid responses from the FDA (bi monthly check-ins) along with the ability to initiate Sprint discussions for rapid trouble shooting and guidance from their FDA investigator and also guidance on data through their Data Development Plan.  I would argue that given their TIGRIS results currently exceeding expectations, the potential for earl efficacy stoppage at interim enrollment (90 patients) is high.  Let hope enrollment increases ( and possibly more sites added to the study)

PM
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