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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 Jun 13, 2024 7:46pm
149 Views
Post# 36088270

RE:RE:Fitch Ratings

RE:RE:Fitch RatingsThis caught my eye, from MM, "or maybe even a Japanese Co. with a >$1 T yen  MC ?"

Obviously you are talking about Toray.  This is a very interesting thought MM, why not get paid all of the wholesale price of PMX, and also get paid the juicy part of the retail price and it's incredible mark up in the USA.  Makes more than perfect sense to me, especially considering they and their Board seat know everything that's going on with Tigris.  I definitely wouldn't be surprised to see them come in as a second bidder alongside Vantive/PE.  Now that would be fun.  Anyways this is all just thinking out loud so don't get your feathers all ruffled up.   

 
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