RE:RE:ReloadedHi Cam
Sorry, I don't come over here often.
Hemopurification is an up and coming science. Recently featured on 60 minutes. Involves removing various mediators from the blood. It's been studied for more than 20 years but is getting closer to becoming a reality.
The first one that may make a breakthrough with a Phase 3 Trial is Spectral (EDT). Interim Trial results expected later this year. They remove endotoxins that, if elevated can lead to Sepsis (somethign that kills 11m people worldwide annually)
SIGY and CTSO play in this space as well , but ar enot as far along.
Athelon uses hemopurification to remove viruses from the blood.
The Hemopurifier also holds a Breakthrough Device designation related to life-threatening viruses that are not addressed with approved therapies. In June 2020 , the FDA approved an amendment to the Company's existing open IDE for the Hemopurifier in life threatening viral infections, to allow for the treatment of patients with SARS-CoV-2/COVID-19 infection. This will allow for up to 40 of these patients to be treated under a new Early Feasibility Study protocol at up to 20 clinical sites in the U.S.
They are well capitalized having raised money after some spikes in the past few years.
I am simply trading the (so far inevitable) spikes until they hit on something (the spikes have been berry berry good to me) Some of the "somethings" that could "hit" include:
- a positive IDE study (Covid)
- another deadly virus emerges (e.g they had some past success against Ebola)
- the FDA approval of another Co's blood filter (hemopurifier). Best example and arguably the furthest along is SPectral Medical EDT on Toronto. I own a much bigger position there. They also have a Covid play as Covid ICU patients often end up with Sepsis/Endotoxemia. If Spectral hits, then likely others (like AEMD) will advance (on proof that blood can be filtered to save lives).
60 minutes featured blood filtration as the latest up and coming science (for cancers, viruses, endotoxins, cytokines, etc.)
Consider it a lottery ticket, without a lot of tickets sold (so far) and very few players.
Ding. We have arrived at your floor (and hopefully the stock's floor). Going up?
MM