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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 340daon Sep 10, 2023 6:23pm
226 Views
Post# 35628541

open question

open questionnot to be taken as argumentative: How do we get to 90 patients by years end? We need 18 more right now- that would take 4 1/2 patients per month- a number we haven't come close to in our dreams yet. We are celebrating 1 a month right now. What is supposed to happen between now and Christmas that we can enroll so many needed?
 What is so magical about the 90 number? Hopefully Baxter comes up with another funding but that in itself won't set the world on fire. $5mm is a drop in the bucket for Baxter, not some major cash outlay. Yes, it is a very positive endorsement but that is it.
  What was meant by the epediting from the FDA? What are the requirements from them to give approval. I Nothing is moving any faster since they announced.
  IMO the biggest , best thing going in our favor is the guy they hired from the FDA. I believe we got a home run with him.
TIA for any thoughts anyone is willing to share
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