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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

Post by Spectracleson Dec 17, 2022 4:10am
579 Views
Post# 35177370

i-Dialco

i-Dialco
I think we have to look at more than just the deadline with Informed. Based on the press release it appears as though Dialco had specific performance targets that had to be met as well. It could be that it's better to retain 30% of a very viable company while at the same time relieving the burden of financing and sales targets while Dimi gets FDA approval. My guess is this is the best deal they could negotiate but in reality it's still a great assett for Spectral IMHO.
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