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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 Revtenon Jan 10, 2024 12:09pm
135 Views
Post# 35819535

RE:Oh my... back to the options story!

RE:Oh my... back to the options story!There he is! Waiting for a moment of "what may appear as a moment of weakness " but then things can change Rather Quickly!....I would Rather be PATIENTLY Waiting then to speak too quick and then disappear in shame:)

My Response Is This:

No "flu season" patient enrolment boom?  NOT YET
No SP climbing in chunks? NOT YET
No early stoppage? NOT YET
No acknowledgment by the market of this incredible opportunity? NOT YET
Still below 60 cents? FOR NOW (BUY ON ANY WEAKNESS)

Then let's talk about options... BUY ON ANY WEAKNESS

The Facts Still Remain The Same:

Enrolment

  • Initiated 2024 with robust site activity to start the new year:
    • Enrolled patient 82 during the first week of January.
    • Post-holiday break, strong screening activity resumed with more than 100 patients screened per week.
  • Closing in on the interim enrollment target of 90 patients (“Interim Enrollment”); at Interim Enrollment, Baxter International (NYSE.BAX) has the option to make the second non-dilutive milestone payment to Spectral to maintain its PMX exclusive distribution rights.
  • Crude mortality results at both 28-day (primary endpoint) and at one year, thus far, continue to exceed efficacy targets.  (RIGHT NOW TO DATE)

Trial Sites:

  • Near term onboarding of six new, high quality clinical sites.
    • Expect significant site onboarding activity during the first quarter of 2024.
YES SLOWER THAN WE WOULD LIKE TO SEE...BUT SLOWLY MOVING IN THE RIGHT DIRECTION PEOPLE!

GLTA True Shareholders!

Rev

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