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 > $ 3 Billion ?

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Comment by TechOneon Sep 09, 2023 4:06pm

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RE:RE:RE:$ 3 Billion ?

Certainly, anything is possible if they decisively beat the numbers.. So yeah, valuation has a wide range here and marketcap of $ 3 B and above is not so outrageious..

I just wish, they were already trading on a US exchange.. Properly listed.. Too bad their last annual attempt to get the permission for reverse was not approved by share holders.. Partly because they were asking for a 10 for 1 or even 20 for 1 etc. Open ended.. And share holders were not too sure if these guys will time it right. I guess lack of investors' trust played in that as well..

FWIW

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