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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 TechOneon Aug 29, 2022 2:13pm
341 Views
Post# 34927370

RE:RE:RE:RE:RE:No volume and no liquidity

RE:RE:RE:RE:RE:No volume and no liquiditySure..  Odds are better for Spectral in round 2..  Because of Dialco, sum of the parts is a lot higher then the current market cap..  No longer a 1 tricke poney and I give full marks to the management for reducing the risk...

With Phase III trial, once again because it is an open trial and FDA has given them all types of breaks to make it a success so hopefully, there won't a misstep like the last time, few years back when share price touched $ 1.75 + and a week after Dr. Walker's very bullish presentation, it was a fiasco when share price collapsed under 0.20

Having gone through 3-4 Phase III trials in biotechs and seeming a sure thing goes bad is an experience every share holder go through investing in biotechs hence my comment about a spinning roulette.. 

But because of Disalco + PMS and current valuation, my other comment about the potential payout of whether we just get our money back and a lot of hard earned 'experience' or A real multibagger..  Jury is obviously out on that.. 

Having said that, as a Disclaimer, I do own 2xx,xxx + shares so I am not going any where until the wheel stop or we are clear about the winning Number..  I also have couple of friends, physicians in fact who on my say so has actually a mulitple of my positions so in practical terms, a lot is riding on the results even for so called small retail players.. 

FWIW 
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