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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 Nov 06, 2024 9:02pm
61 Views
Post# 36300115

RE:RE:RE:RE:RE:China Daily Article

RE:RE:RE:RE:RE:China Daily ArticleWhen you are talking a takeover price of $1.5-2.0B, the 'optics' can never look bad, trust me.  I think it's also important to understand that Vantive has been studying endotoxins for a long while now, as their research and develpment of AN69 (Oxiris) has progressed.  It's not like nobody but Spectral has believed in the endotoxin removal theory, it's just that Spectrals product PMX, removes it the best.

Even if Vantive/CG didn't actually get to see the crude data so far in the Tigris trial, they would still understand and have a strong conviction in the endo-removal theory because of all their internal data from Oxiris.  That being said, should Vantive with it's newfound deep pockets owner, decide to make a play on Spectral before the topline is officially released, all they would have to do is approach with a Bona Fide takeover interest, sign NDA's between each other, probably share crude data, and then talk brass tacks about price.  Everything is always for sale at any given moment, so long as it's at the right price to make it happen.   
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