Post by
mercedesman on May 24, 2023 11:07am
Assuming the current pace is maintained....
Assuming the current pace is maintained...of just 5/month ....
That acheives 90 in six months (30/5) or before the end of November of this year ! Interim data release is at patient 90 where Baxter decides whether to continue to fund the Tigris Trial (with another $ 5M? $ 10M? infusion). One has to wonder why they would not, given results are (greatly?) exceeding expecttaions, and the fact that they have already put in $ 10M USD, the only Analyst assumes 100% liklihood of FDA approval, and thta baxter is featuring PMX/EAA in their KidneyCo teaser, and they are spending money on marketing materilals so that they can hit the ground running.
Assuming the Trail is not stopped at 90 (Spectral Mgt says it won't be...but I wonder how the FDA feels about it?) - when would the Trial finish - worst case ?
If the pace stays the same and they go from 16 sites (current) to 25 shortly (paperwork in the works now) ...that's approx 8 per month (5 x 25/16) - which is the same current pace per site, just with more sites.
So starting in December, in order to complete the trial (150) at a pace of 8 per month (ie. an extra 60 patients) they would need an additional 7.5 months. That's roughly a completion by June 2024 !
Or if the pace picked up by say 2 per month (to 10/month) as a result of the newly established momentum resultling from new CRO, Investigator meeting, videos, etc. it would take only 6 months - or say May 2024 to get to 150.
12/month would be April 2024...and so on.
Exciting times ahead for Spectral shareholders !
MM
PS Now would be a good time to introduce more US investors to Spectral, don't you think?
Comment by
Accountprince on May 24, 2023 11:43am
Treeboy - now you're posting a selfie of yourself? At least it helps to back up what we've all thought about you. As they say a picture is worth a thousand words.
Comment by
mercedesman on May 24, 2023 11:43am
Is this what you mean when you said about the role of a poster .... "I think it is to discuss the pros and cons of an investment." lol You're a joke and strictly a "con"man.
Comment by
oilandgasman on May 26, 2023 4:59pm
You know the price history here. Why would you would even consider buying in the 30's is beyond me McShill.