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

Spectral Medical Inc > 100% !?!? Oh my !!!

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Comment by SimonSaidon May 21, 2023 2:15pm

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Post# 35458515

RE:RE:RE:RE:RE:RE:RE:RE:100% !?!? Oh my !!!

Although your postion is very compelling, consideration must be given to the ability to raise enough money to get to the FDA approval.

Also, one can take the position that they will be able to continue to raise money, but at what cost? Look no further than the Dialco divestiture...burn rate is aproximately $1M per month...

I hope you (and others) are correct.

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