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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 Accountprinceon May 16, 2024 11:58pm
224 Views
Post# 36044757

man-ip-u-lay-shun

man-ip-u-lay-shunMy take on all this is simple:

1. Someone didn't get the memo or got confused leading to high volumes and big price swings.
2. The girls - Morgan Studly and others - were just settling up amongst themselves.
3. Selling large blocks to settle demand (US?) and then dropping the price back down to quell optimism.
4. Lots of inventory parked through many financings - now being released according to strategic plans, partners and instructions.

Rev is correct that much higher prices coming but in order to have a ten banger you must keep the price down at certain levels - maybe around $0.50?


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