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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

Post by Accountprinceon Aug 25, 2023 11:14am
327 Views
Post# 35605352

At the Money

At the MoneyHow many at the money convertible debenture issues do you ever see since we're now at $0.40 per share?  Given the huge number of shares just traded at this price it signals a serious rise to this level.  Not surprised as Tigris is a CONFIRMATORY trial with FDA Breakthrough designation and with 71 patients exceeding expectations already and only 19 to go to the interim point of 90 patients.  As MM (and Paradigm) say we're at virtual 100% certainty.  Baxter will pony up the second tranche at the interim point - the fact we've only raised $5 million for this raise just illustrates that point.

Time to get the champagne chilling so we're ready to pop the cork shortly.  Been a long road for all the real shareholders here.  But the upcoming reward will more than justify the long and rocky road we've had to get here.


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