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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 Jun 07, 2023 10:23pm
182 Views
Post# 35485713

RE:Why do we know things are not as certain and glorious as MM

RE:Why do we know things are not as certain and glorious as MM

I think that was confirmed as the end game today ( although it was suggested as just one of 3 possibilities) 

And if they have exclusive distribution rights, sewn up and a Trial that is likely to end in 8-16 months why would they act now ? Are they in the business of running trials or selling ICU equipment ?

Your lack of knowledge of business in general, and investing in binary event medical companies in particular, is shocking to say the least. 

All you have to know about investing in binary event RCTs is:

- that partnerships are in place with the right players ( eg KOLs, big US distributors, and a reliable manufacturer with proven technology ) check check check

- the probability of success ( check) and

- a reasonable idea of the potential market ( inputs: EBITDA and multiple)  should approval happen....

...oh and that sometimes shyte happens to delay the timelines. 


MM

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