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Voyageur Signs Letter of Intent with Large Multinational Pharmaceutical Company (click to learn more)
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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... see more

TSX:EDT - Post Discussion

Spectral Medical Inc > Key Derisking Milestone !
View:
Post by mercedesman on Feb 21, 2024 5:05pm

Key Derisking Milestone !

I'm hearing that we granted a 10 year exclusivity to Baxter and that they exercised their option at 90 ( great news in and of itself) !!!


But nothing specific ( yet?) about what Spectral received in return.

The net $ received are still unknown. 

Go forward funding ( to complete the trial) is still a significant, top of mind item for all shareholders - or at least it should be. 

Perhaps more info tomorrow  !

All in all, I love the confirmed commitment from our multi-billion dollar, leading US hospital supplier, and otherwise well-connected medical community partner ( now a long term partner) 

MM 

 
Comment by ChesterLives on Feb 21, 2024 5:36pm
Where did you find this MM?
Comment by mercedesman on Feb 21, 2024 5:43pm
https://stockhouse.com/news/press-releases/2024/02/21/spectral-medical-announces-amendment-and-extension-of-exclusive-supply-and
Comment by ChesterLives on Feb 21, 2024 5:56pm
OK thanks, A bit muted on the part of Baxter but  still a major victory for Spectral.
Spectral Medical Inc
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