Post by
Accountprince on Sep 11, 2023 3:04pm
Baxter Redaction and Interest
The only customer is Baxter. They have exclusivity for distribution of PMX and the EAA. They have already started the marketing program so that upon approval from the FDA they can hit the ground running. The only reason for Spectral to market more broadly is to gain wider interest in Spectral stock with a view to the stock price moving towards it's true value. Something the BOD and management have not done very well or at all from my observations.
Baxter is the key. We have no idea what the deal with them is. If it was just a series of milestone payments the need for redaction - if there ever was a need - has long passed. It just isn't a valid reason for witholding the information for almost four years now. Therefore, there must be something else in the deal that is redactionworthy. And since we're exceeding expectations on 72 enrolled on the way to 90 enrolled that milestone is effectively achieved - only timing to be determined and that will be by the end of 2023. I wouldn't be surprised to see Baxter - or KidneyCo - take over the trial at that stage through a buyout of Spectral. I think the time is drawing near and Spectral has no choice but to get to 90 enrolled by the end of this year. At which time I'm guessing we may see what is under that redaction ink after four years. And hopefully the payday we've all been waiting for.
Comment by
Bagelboy74 on Sep 11, 2023 6:50pm
Great to see the price climb so high and the huge volume. Should have never doubted you MM
Comment by
Spamme54321 on Sep 12, 2023 4:59pm
Miss out on what? $50k might be alot of money to you since you work behind Wendys. But its really not relevant. Too bad you can't handle the truth. Haven't you been holding this bag for like a decade?
Comment by
ChesterLives on Sep 11, 2023 6:06pm
It makes sense to me that Baxter may take out Spectral at 90 patients. If what we are told is true, they are geared up to hit the road with PMX very shortly. Makes me think that they may want to control the stretch run... assuming one is required. I also have a feeling that the little discussed Eden study may play a bigger role than anticipated in hitting this 150 number.
Comment by
mercedesman on Sep 11, 2023 11:46pm
Thx for your thoughts Chester I believe that Eden has many functions including: -recruitment ( enrolment acceleration ) -label expansion ( future revenues) -dose determination (future revenues) - etc. I also think that Baxter is exerting more influence on timing and SP than we know MM