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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 > Financing?
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Post by Accountprince on Sep 23, 2024 3:53pm

Financing?

The gradual drop in share price - looks very well organized - has me wondering if another Seto special financing is upcoming.  Shouldn't be given they have said they are fully funded to trial completion.

But it has all the appearances of one....what do the other real shareholders on here think?
Comment by mercedesman on Sep 23, 2024 5:11pm
Hey AP  Could be ... noting that, based on the latest 6 months cash burn), they likely have enough $ * to get to December ( which technically gets them close to or past Trial completion date - but perhaps not to Top Line data release ( Feb?) or final FDA decision ( spring 2025?)  Sure would help if there was even a modicum of promotion. Wouldn't take much to capture market ...more  
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