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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 hmmmmmmmmon Nov 14, 2022 2:13pm
159 Views
Post# 35097332

RE:Nobody likes delays...

RE:Nobody likes delays...The real question that everyone from the board to shareholders needs to be asking is- why can't this group enroll patients into the Tigris trial?

4 patients a month is only half of their "worst case" scenario! And that's the best we've seen.

If you do the math on 102 patients divided by 4 per month- you will freak out at the length of this trial at this rate.

The Covid excuse has been gone since spring, and each month they prove they are unable to get the numbers up.

I understand you are looking for a silver lining, but there is clearly a basic, first principle problem with Management's aprroch to this trial.

Debra Foster is still listed on Spectral's site as VP of Clinical Development when we know she is long retired and living somewhere sunny. 

How much longer can the board simply shrug their shoulders at these horrible numbers- while 1 million bucks disappears each month?

The perfomance warrants/ carrot have not worked time to try the stick.
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