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.

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Spectral Medical Inc > I like it !

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Post by mercedesmanon Oct 05, 2022 4:54pm

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Post# 35007806

I like it !

Debt instead of shares. 7% seems reasonable in todays market. ( not a large risk premium)

Ultimately dilution Yes, but allowing participation by accredited investors ( who can then offset any dilution with more skin in the game). convertable to shares ( at a TBA price) with a half warrant 30% premium.

Best part - strategic partner participation.

One more big vote of confidence by a Major

more later

MM

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