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Bullboard - Stock Discussion Forum
Spectral Medical Inc
T.EDT
Alternate Symbol(s):
EDTXF
Healthcare
Biotechnology
Medical Instruments & Supplies
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.
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TSX:EDT - Post Discussion
Spectral Medical Inc
> Looking forward to...
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•••
mercedesman
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Post by
mercedesman
on Mar 13, 2023 1:40pm
Looking forward to...
...an update from the Company prior to, and or at, the AGM, as to:
expected enrollment rates going forward, that takes into account new sites, any re-newed and or re-focussed trial efforts, other new strategic efforts to jump-start the trial, etc. as might have be discussed recently at the Board level.
an honest assessment of whether 90 patients can be achieved by late 2023 or early 2024 (another 9 -15 months?) at which point Baxter is due to provide another intallment in it's ($ 10M + USD ?) overall funding assistance as it relates to Tigris Trial completion (not including it's recent multi-million quasi-equity infusion). With 38 patients needed (as of Feb 2023) for 60% enrollment (Interim Data Review) 9 months would require an average of just over 4 patients per month. 15 months would require an average of 2.5 patients per month (for all sites in total). Shareholders deserve a realistic and currently achievable time to completion estimate, given the current state of ICU research Trials in the US, and in particular any new strategies being implemented to improve enrolment.
learning how key executive compensation plans (e.g PSU's) might have been increased and or altered given a slower than expected post-Covid pace to Tigris completion of late.
an update on the Company's efforts to bring more investor awareness to Spectral, PMX, it's iDialco assets, etc. - particularly south of the border. This speaks directly to the efficiency & effectiveness of future cash raises. and minimizing dilution on the way to completion of the Tigris Trial.
MM
(48)
•••
jonnieboy
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Comment by
jonnieboy
on Mar 13, 2023 4:17pm
I think that is pretty much all any of us want.......... jonnieboy
(646)
•••
mercedesman
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Comment by
mercedesman
on Mar 13, 2023 4:37pm
It's pretty much the minimum that is owed to shareholders that have stuck with them over the years. Last I chekced, Board members are appointed for a reason. I'm always wary of tree-dwellers taking acrimonious anonymous pot-shots from afar (i.e on a public forum) Long and strong the science = PMX particularly in combination with a companion diagnostic to lower the unacceptably
...more
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