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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 gebremeskelon May 21, 2024 1:54pm
152 Views
Post# 36050397

RE:RE:RE:Updated prezzie

RE:RE:RE:Updated prezzie Yes, it would be hard to justify not trying the only available treatment that might save a patient's life. And, as you say, there will also be Canadian sales and EAA sales. $3B USD seems conservative. And if you use that 20X EBITDA you ends up with a $22 CAD stock price.

mercedesman wrote: NP 

For your target, all you need is 50% market penetration assumption 
( not sure how Docs could ignore a potentially life saving approved treatment with legal liability concerns in the US?) 

Or if you prefer a more realistic EBITDA multiple like say 20X + 

I won't do the math if you get both !!

MM 

PS I like to think worldwide EAA sales ( assuming post gold seal of approval from FDA)  and Cdn sales will add 20% to the targets. 




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