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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 30, 2023 1:15am
177 Views
Post# 35521671

RE:Question

RE:Question

Hey Mega

I don't really have a share price prediction ...

...it's whatever " they" would like it to be for whatever the purpose of the day is. 

I have put up several "fair valuation" posts in the past, under the assumption of ultimate FDA approval. 

If the Company was properly marketed, with better coverage on a better exchange ... then it would begin to drift towards it's true underlying "fair value" ( pre FDA but factoring in probabilities)

Otherwise a significant and fair SP may only be determined "all at once", in a " all-of-a-sudden" denouement event. 

But I would think it reasonable to suggest that as the 90 Tigris patient mark nears (around end of the year), and Baxter steps up for payment # 2, even this "off-off-off-the-radar" play will begin to drift upwards. Particularly if the pace of enrolment continues to accelerate in the coming months (due to more sites being onboarded, new CRO, new momentum post Investigators-meeting, anticipation of hitting 150 as early as 2024 - assuming no stoppage at 90, etc. 

Hope this helps 

MM

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