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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 mercedesmanon Jan 18, 2023 9:10pm
186 Views
Post# 35232127

RE:RE:RE:RE:RE:RE:RE:this reminds me of BIOMS

RE:RE:RE:RE:RE:RE:RE:this reminds me of BIOMS

"any engineer in Toronto worth a dime has a house worth more than 5 million."WildBS

Next your gonna tell me that JK and SA are only in it for the Sub$1m "lifestyle" salary. That would barely cover the maintenance and property taxes on that $ 5 M home. 

Did I say $5 M was Baxter's contribution in total ? Over and above the $5 M convertible debenture, I forgot about the $5m tranche 1, and the pending $ (redacted) million on tranche 2, and the $(redacted) million on tranche 3. 
What's that ? Likely over $25 - $30 M CAD$ ?
Oh...but still we haven't counted the millions they are investing in prepping for PMX coming to market, so that they can start producing revenues on day 1 after FDA approval. 
And that's just to get the rights to distribute. No ownership... yet. 

Try again. 


MM 
 

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