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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 BlueJays9293on May 10, 2024 3:27pm
189 Views
Post# 36034262

RE:From Baxter Meeting...

RE:From Baxter Meeting...Nice find!!!  Sounds like they are leaning towards the Private Equity route, which I think is good for Spectral shareholders.  The reason I think this is because I think it's better to have Vantive in the hands of a deep pocketed entity that can easily put together the Billion plus dollars that it's going to take to buyout the remaining 50% of PMX/EAA that Spectral owns.  Vantive as a stand alone public company would really struggle to put together such a large amount of money. 

I also like that they say "very advanced" twice in that paragraph.  I look forward to having Vantive in the hands of a serious player.  Once Private Equity purchases Vantive, I can guarantee you they are going to take a hard look at the biggest product in Vantive's pipeline, which is the distribution rights to PMX/EAA in North America.  Actually, they've probably been taking a hard look at PMX/EAA this whole time because it's very important to Vantive's future growth potential.    
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