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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 Accountprinceon Aug 23, 2023 1:08pm
188 Views
Post# 35602167

RE:RE:RE:History of FDA Ruling countdown - EDT ....

RE:RE:RE:History of FDA Ruling countdown - EDT ....MM - great observations.  I do respect your opinion that the real value on PMX approval is near $10 a share.  You've always provided the math to back that up and the methodology is sound.

Now that we're ever so close to the interim of 90 patients and we're exceeding expectations it made sense to again mention the much higher share price valuation from Paradigm Capital as it greatly exceeds the current trading price.  Many signs point to attention from the US market including recent meetings there and the fact the convertible debentures are being issued in US dollars.  If we do the math on those elements it likely won't be very long that we stay at these low share prices.  Rewarding all of us substantive shareholders that have been here for many years.  Looking forward to success in the near term and the reward we've earned from our years of patient investing.
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