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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 BayStreetWildon Feb 23, 2023 5:46pm
133 Views
Post# 35302121

RE:RE:RE:RE:"Nearing 90 patient interim enrollment"

RE:RE:RE:RE:"Nearing 90 patient interim enrollment"

I know of a company where investors paid salaries for 10+ years to create documentation, get regulatory approvals, pay salaries, create a framework and organizational structure... in the end when they appeared to be completely bankrupt... they rolled back, and the share price got completely and utterly decimated.

It went from 1.20 to 3 cents and then there was a surprise non brokered financing where "friends and family" participated and in the end they owned everything for pennies on the dollar.

All the money raised previously meant nothing when the market cap hit $2-3M and that the last round of financing was done. Diluted $30-40M in capital raised to 10% ownership with a, I think, $6M equity/warrant raise.  


You think it can't happen here!?? Maybe not. Lol

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