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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 08, 2024 9:44pm
119 Views
Post# 36304310

RE:RE:Baxter expects $200M hit from hurricane/flooding

RE:RE:Baxter expects $200M hit from hurricane/floodingCan't catch a break is right.  And why was the entire supply of IV fluids so reliant on just one factory?  It's not just masks and toilet paper anymore, it's baby formula shortages, lidocaine shortages, and now a ubiquitous medical product like IV fluid.  That's crazy and it needs to change.  So Baxter is going to be puting out updates every Thursday on their factory and I'll put the link at the bottom but I also did want to point out that I was pleasantly surprised with how much cash they had at the end of the 3rd quarter and the early signs that large investors were willing to exercise early their warrants and convertibles.  I'm not saying it's enough but it was more than I was predicting.

https://www.baxter.com/baxter-newsroom/hurricane-helene-updates  
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