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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 mercedesmanon Aug 20, 2024 11:57am
136 Views
Post# 36188035

RE:Paradigm recently said this.

RE:Paradigm recently said this.There must be an echo in here lol
  • deep pocketed PE Firm identified as buyer of Baxter/Vantive  - CHECK ! 
  • trigger pulled on first key acquisition , due diligence period - CHECK! 
  • secondary acquisition by PE acknowledged as something between: a possibility and a likely outcome - CHECK! 
Next up ( in no particular order) 
  • PE opens up secondary negotiations with other Vantive LT partners 
  • Tigris Trial completion 
  • 30 day wait ( 28-day mortality) 
  • Top line data release 
  • acquisition
  • FDA final decision 
The number of possible SP catalysts are multiplying like rabbits 

MM 

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