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Bullboard - Stock Discussion Forum 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... see more

TSX:EDT - Post Discussion

Spectral Medical Inc > The board …
View:
Post by mercedesman on Jan 12, 2023 8:17am

The board …

... needs to convene to determine what more can be done to accelerate the pace of enrollment...STAT 

50 is underwhelming / disappointing to say the least

Additional sites haven't been the answer in the recent past, yet once again has been proposed as the solution going forward. It's getting old. 

I'm sure Baxter would have some ideas as well. 

Nevertheless it does not alter the investment thesis ( in terms of eventual approval of PMX) 

In fact Euphas 2 data out of Italy now builds on the case with 30 patients enrolled guided by the EAA. 

Mr. Seto, added, “On a final note, I’d like to highlight that we have also funded an observational research study using EAA-guided PMX in Italy. This research study is now complete, and we have had the opportunity to review the top-line results. These top-line results are highly encouraging and strongly support the preliminary data received from our Tigris trial. We anticipate publication of the research study results in early 2023. Given all of these positive developments, we remain highly optimistic about the outlook for the Tigris trial, which we expect to complete in 2023, and remain steadfast in achieving our goal of obtaining FDA approval.”

A second important positive is the advance groundwork being laid by Baxter with respect to prismax ( heavily deployed and will be able to be used for HP) and their decision to spin out Kidneyco. Speaks to their degree of confidence in the eventual end result. 


MM

Comment by BayStreetWild on Jan 12, 2023 8:38am
November 10, 2022 48 patients January 12, 2023 50 patients did I read that right?  if yes, are we still doing the trial average of 1 patient per month?   
Comment by oilandgasman on Jan 12, 2023 9:01am
While burning a million bucks a month.
Comment by BayStreetWild on Jan 12, 2023 9:24am
Yeah, but you have to remember the economic good that investors are doing. Think of it like the government thinks of QE. You, as an investor, were saving your money and as a result it wasn't being used. Essentially you've slowed down the velocity of money. The silver lining here... is that when you invested that money here... you paid salaries for a lot of employees. You did a lot of ...more  
Comment by BayStreetWild on Jan 12, 2023 9:32am
What's happening here is... altruism in every sense of the word.  It's wonderful to see this type of sharing, and caring, and love.     
Comment by mercedesman on Jan 12, 2023 9:40am
Need you bashers to step it up. I can't get interested in buying more until we see at least 10k for sale at .34 and below. Only 1500 shares traded, and nothing on OTC. Asks are at .395 (higher than yesterday) Guess it's only the insiders, large blocks and die-hards left. Counting on the large blocks to make some waves behind the scenes...to get this end-game moving at a reasonable ...more  
Comment by BayStreetWild on Jan 12, 2023 9:43am
It would appear that you will get lots of chances at this pace. Don't stress it.   
Comment by oilandgasman on Jan 12, 2023 9:51am
Maybe you're reffering to the Alberta 80 when talking about large blocks? Anyone know about this group of Spectral investors? connected with a direct line to one board member. Is this what you are reffering too MM?
Comment by mercedesman on Jan 12, 2023 10:39am
O&G I only know what I don't know ;) Bid now .38 Directors now better covered with today's NR, legally speaking. Now we just need BAX to gets it's ducks in a row (acquirinig between $ 40 and $ 45 - on sale) MM
Comment by oilandgasman on Jan 12, 2023 9:40am
Whistle blowing contact? this is new. I'd like to blow the whistle on one incompetent CEO for starters we could all also try writing Ali but its doubtful you'll recive a responce. Investor Relations Ali Mahdavi, Spinnaker Capital Markets Inc. 1.416.962.3300 am@spinnakercmi.com Whistle-Blowing Contact ...more  
Comment by oilandgasman on Jan 12, 2023 9:10am
This isn't going to end well..the writing is on the wall. Time for a reality check from both investors and the board of directors. Seto is a fraud and a looking more like a crook by the day, Kellum is and fat lazy academic who was nothing but a figure head hire. I'm totally over this BS. Last week i wrote Ali...No responce.
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