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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 > open question
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Post by 340da on Sep 10, 2023 6:23pm

open question

not to be taken as argumentative: How do we get to 90 patients by years end? We need 18 more right now- that would take 4 1/2 patients per month- a number we haven't come close to in our dreams yet. We are celebrating 1 a month right now. What is supposed to happen between now and Christmas that we can enroll so many needed?
 What is so magical about the 90 number? Hopefully Baxter comes up with another funding but that in itself won't set the world on fire. $5mm is a drop in the bucket for Baxter, not some major cash outlay. Yes, it is a very positive endorsement but that is it.
  What was meant by the epediting from the FDA? What are the requirements from them to give approval. I Nothing is moving any faster since they announced.
  IMO the biggest , best thing going in our favor is the guy they hired from the FDA. I believe we got a home run with him.
TIA for any thoughts anyone is willing to share
Comment by BayStreetWild on Sep 10, 2023 6:34pm
I was thinking if everything goes well maybe they could get to 90 by next June. 
Comment by mercedesman on Sep 10, 2023 11:04pm
I knew I should have bought your block at .33 ! Seriuosly, where have you been since March ? Go ahead and calculate the average monthly enrolment since spring  ( you don't even have to factor in all the new sites recently added, and those that are about to be added.) MM
Comment by oilandgasman on Sep 11, 2023 12:45am
easy shillin.... March 24th 2023... 54 enrolled 72 now Averaging 3 a month for past 5 months  @ 26 months will give you the 150.. Then the FDA takes over for another 8 months to 1.5 years. Joy....
Comment by BayStreetWild on Sep 11, 2023 8:13am
I wouldn't stress it, this salary and option farming underachieving nerd operation is going to take a while to get to the finish line anyways.
Comment by hmmmmmmmm on Sep 11, 2023 1:10pm
Back in Sept of 2021 Seto told us all that they would hit the 90 interim by the end of that year. Instead we ended that year with only about 35 patients enrolled.  Not even close for a CEO's 4 month prediction. Two years later it seems clearer than ever that Seto has no grasp of the realities of the trial- and/ or will say anything to dodge and raise.
Comment by oilandgasman on Sep 11, 2023 2:19pm
Bingo...
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