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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 BayStreetWildon Feb 13, 2024 8:36am
276 Views
Post# 35877122

who knows where this goes

who knows where this goesBut here is my 2 cents. I think Dialco was a waste of time and personally I am very glad they got rid of a money losing proposition while retaining some ownership of it. They didn't have the money to run the trial nor the bandwidth. Thankfully Seto saw the writing on the wall and used the money he raised to run the trial that mattered. Even though he did it all in the scummiest way possible by pumping it right to the end in presentations. As much as I think this is the ultimate in greed and self serving companies... And I've sold all of it only to buy some back.. I think there is a really good chance we see a repeat of 2014-2016 where the price ran above 1.20 (with less dilution).. but also this time with more certainty (provided the public sees the results). At the end of the day. It is what it is.. and they are at a major milestone with major backing. Don't let recency bias pollute your thinking.. if they are successful this will be worth more.. and this time the price won't go back to 20 cents. It's too far along now. They've managed to clean up a lot since last summer. Credit should be given where credit is due.
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