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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 25, 2024 5:35pm
142 Views
Post# 35845995

RE:RE:RE:RE:RE:Since this BB has zero relevance, except for PUMPING

RE:RE:RE:RE:RE:Since this BB has zero relevance, except for PUMPING

IGNORE the guy Stuck-Up-The-Tree People!
 

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 activityresumed 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.
Up about 10% since I last Posted this at the beginning of January .....BUT SLOWLY MOVING IN THE RIGHT DIRECTION PEOPLE!

GLTA True Shareholders!

Rev
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