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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 9:40pm
142 Views
Post# 36189069

RE:RE:RE:Question

RE:RE:RE:Question

The bar for the " confirmatory" trial is the same results achieved in Euphrates. I would call that a low bar given everything that has been learned in the past 5-10 years about which patients show the most benefit from PMX use guided by the EAA.

However, they have never, as far as I am aware, defined " expectations " it could be the 10.7 achieved before, but this time with sufficient statistical power with another 150 patients, or  " expectations" could be 15 % for all we know. 

Personally, based on mgt. comments about Euphas2, I am expecting >=15, perhaps even closer to 20. 

Hard to relate MB to ultimate SP , but clearly the greater the MB... the greater the acceptance in the medical community, the faster the uptake, and likely the more the market will bear ( ie $ price per cartridge) 
These are all VERY important factors to a potential buyer and would directly influence what they might be willing to pay to lock up the rights.  It's always about future potential cash flows ( actually NPV) and ROI. 

MM 

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