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.

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Spectral Medical Inc > Baxter ramping up hiring for Vantive

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Comment by gebremeskelon Mar 02, 2024 4:10pm

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Post# 35911419

RE:RE:RE:RE:RE:Baxter ramping up hiring for Vantive

Hi MM - Yes, that's the main point. I'm looking forward to watching how this plays out.

mercedesman wrote:
Hey g

I think the main point is that they are actively recruiting for and setting up the new entity ...

which in my mind is great news.

Also it doesn't necessarily mean that they are gearing up for PMX/EAA sales just yet either... it may just be the infrastructure for the break-away entity.

However, as others and I have said, they may want to create some more excitement around their IPO and nothing creates excitement more than promoting new streams of ( high margin) revenue. Especially ones that could exceed $1-$2B annually in time.

MM