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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 > China Daily Article
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Post by gebremeskel on Nov 05, 2024 11:11am

China Daily Article

Vantive brand to be unveiled at 7th CIIE

By Yuan Shenggao | chinadaily.com.cn | Updated: 2024-11-05 11:06



Chris Toth, executive vice-president and group president of Kidney Care at Baxter, future CEO of Vantive. [Photo provided to chinadaily.com.cn]
 
 
Baxter's Kidney Care segment, which includes the kidney care and acute therapies businesses, is preparing to become a standalone private company named Vantive. It will be unveiled at the seventh China International Import Expo in Shanghai from Nov 5 to 10.
 
Building on Baxter's 70-year legacy as a kidney care leader, Vantive will be a new vital organ therapies company. With the mission of "Extending lives, Expanding possibilities," Vantive will showcase its practices in the fields of kidney care and acute critical care at the upcoming CIIE, dedicated to advancing cutting-edge therapies, digital solutions and excellent services to benefit more end-stage kidney disease and acute illness patients. This embodies a localized strategy of "In China, for China," consistently fulfilling its long-term commitment to China's healthcare industry and patient well-being.
 
"We are grateful for the opportunity to unveil our new Vantive brand alongside other global companies and industry leaders at the most important international trade event in China, which signifies collaboration and a shared commitment to improving health and prosperity," said Chris Toth, executive vice-president and group president of Kidney Care at Baxter, future CEO of Vantive.
 
He added that the event serves as a key platform for the company to connect with stakeholders, showcase innovative products and services, and work with local clinicians to bring innovation to China and expand access to quality therapies.
 
As a stand-alone company, Vantive will deepen its commitment to elevating the dialysis experience through digital solutions and advanced services while evolving organ support therapies to go beyond kidney care.
 
Vital organ therapy innovation
 
"At this year's CIIE, we are proud to showcase our continued investment in innovation to deliver meaningful breakthroughs for vital organ support therapy," Toth said.
 
China, like many nations, is facing increasingly complex chronic disorders and an aging population. Better care is possible when clinicians have the right tools to intelligently manage, monitor and optimize therapy administration, Toth said.
 
He noted that from clinicians fighting to save lives in the intensive care unit to patients on their dialysis journeys, confidence in the solutions supporting each patient's care is critical.
 
PrisMax, a groundbreaking product with locally manufactured version, will be shown at CIIE. It is designed to improve the safety & efficacy of treatment and lessen the burden to clinicians administering therapy for life-threatening illnesses and complications in the intensive care unit, with its precise, intelligent and convenient functionalities.
 
In the ICU, CRRT is used to support kidney function while the kidneys recover and is associated with more favorable results compared with intermittent hemodialysis.
 
"Our continually evolving PrisMax system can manage acute kidney injury, potentially manage sepsis, and acute respiratory distress syndrome, and deliver treatment for autoimmune disorders simultaneously," Toth said.
 
Top-notch digital products, services
 
Digital solutions and advanced services are key to achieve Vantive's mission of "Extending Lives, Expanding Possibilities". By enabling greater connection, visibility and insights throughout the care journey, Vantive can create new opportunities for clinicians to make timely adjustments to care or intervene earlier to address a patient's needs.
 
At the CIIE, Vantive will demonstrate its innovation in digital technology to intelligently manage, monitor and optimize therapy.
 
For example, its digital solutions — such as MyPD and Sharesource remote patient management platforms for home dialysis —empower patients to better understand their therapy while staying connected to their clinical team. And to ensure HCP to intelligently manage, monitor and optimize therapy administration. Vantive also introduces automated peritoneal dialysis for patients at home, as well as advanced hemodialysis.
 
"As a local manufacturer of technologies that support home dialysis, we will also be announcing several major agreements with local partners to further our investment and continued presence in China," Toth said.
 
Expanded access to care
 
Vantive's other key focus is expanded access to care. Vantive's therapies meet patients wherever they are, including at home, and Vantive is committed to breaking down the barriers to care through partnerships and awareness-raising initiatives, greater connection and support throughout the care journey and a focus on clinical evidence generation.
 
At the CIIE, Vantive will display innovations in home dialysis, which includes digital products and services to keep patients and clinicians connected.



Vantive's booth at 7th CIIE. [Photo provided to chinadaily.com.cn]
 

Commitment to China market
 
Baxter's Kidney Care segment, soon to be Vantive, has been deeply rooted in the Chinese market for more than 35 years and has achieved many remarkable milestones in manufacturing, medical innovation and partnerships with local clinicians.
 
Vantive China boasts a world-class research and development center in Suzhou city, Jiangsu province, a technical service center in Shanghai, and three manufacturing facilities in Tianjin, Guangzhou and Suzhou cities.
 
"To support patients and clinicians in China we are continuing to increase our investment in the local healthcare system in areas that will make a significant impact for patients and their care teams," Toth said.
 
"We are proud to bring remote patient management technology to support patients on home dialysis, and cutting edge innovation to the ICU with our local made PrisMax system. At Vantive, our diverse R&D team of scientists and engineers is spearheading these initiatives, while we are also investing in external research collaborations," he said.
 
Toth noted that this includes collaboration with local governments to increase access to innovative therapies and home-based dialysis to create a sustainable healthcare system now and into the future.
 
"Looking ahead, we will continue to deepen our investment in China, support local innovation, and maintain close cooperation with Chinese regulatory authorities and partners. Through our collective efforts, we can ensure that patients in China and around the world benefit from the latest medical innovations," he said.
Comment by hmmmmmmmm on Nov 05, 2024 3:00pm
Another great find. And another quote by Toth clearly calling out the focus on PMX as a cornerstone of Vantive. Let's hope CG's timeline saves us from Spectral's ever extending timeline...
Comment by BlueJays9293 on Nov 05, 2024 3:18pm
It's like now every time they speak, they are emphasizing their new strategy and they are totally not trying to hide it.  It was one thing to talk somewhat vaguely about vital organs but to actually say "potentially manage sepsis," is making it undeniable that they are talking about PMX.  And I loved that he said "potentially" because this makes it even more ...more  
Comment by mercedesman on Nov 05, 2024 10:26pm
Maybe... just maybe... ...Kellum is "getting extra picky" on the last 20 or so...perhaps in anticipation that the  CG due diligence on Vantive will stretch into Q1 ( as Baxter has already warned may be the case)  If CG wants both Vantive and Spectral as a key part of their go forward strategy - they don't want the word out on the street about Tigris before the Vantive ...more  
Comment by hmmmmmmmm on Nov 05, 2024 11:07pm
My only disagreement with your order is I believe CG would make their offer before Tigris Top Line numbers are released publicly. Once CG owns Vantive they would have the same rights as Baxter had to view the data upon trial completion. I'm sure they would exercise that and if favorable make an offer before the top line release. This- as you analogized- would keep other buyers from knowing ...more  
Comment by mercedesman on Nov 06, 2024 10:31am
Maybe... ...but I think the optics look bad if Spectral effectively goes off the market before at least the Top line data is released.  It would suggest ( give the appearance) that CG has access to info that the general market does not.  My guess is that the two events happen in fairly rapid succession.  While other buyers would be well aware of the basement goldmine at top ...more  
Comment by daviking on Nov 06, 2024 10:51am
Just wondering, what percentage of ownership does each of these entities own, of Spectral: Toray- Birch Hill- Walker- I know there are others, just can't think of them: ???-
Comment by palinc2000 on Nov 06, 2024 11:01am
A buy out triggered by access to undisclosed positive results  not available to the public   What an amateurish comment    
Comment by BlueJays9293 on Nov 06, 2024 9:02pm
When you are talking a takeover price of $1.5-2.0B, the 'optics' can never look bad, trust me.  I think it's also important to understand that Vantive has been studying endotoxins for a long while now, as their research and develpment of AN69 (Oxiris) has progressed.  It's not like nobody but Spectral has believed in the endotoxin removal theory, it's just that ...more  
Comment by daviking on Nov 06, 2024 9:26pm
I think you are dreaming if you think Spectral will be taken over for $1.5-2B!!!!!! That's my wildest dream but i'm hooked in with my 2 feet planted on the ground-reality is sobering to say the least!
Comment by BlueJays9293 on Nov 06, 2024 9:42pm
We shall see, and we shall see fairly shortly. Best of luck to you my Viking friend.
Comment by daviking on Nov 06, 2024 10:45pm
Best to you and all of us! It has taken so long and we seem so far away at 3 entrants/month that it's like a dream. There have been so many links/posts showing the different positive aspects that PMX provides, that I can't believe that Spectral isn't worth $2B but best dreams rarely come true, especially when you rely on others to get to the finish line. As sad as it sounds, at this ...more  
Comment by mercedesman on Nov 06, 2024 10:06pm
I think that was a good post, but not great.  what you may be missing is no one plunks down $2B without a hard look at the data.. to see if it supports an FDA approval.  oXiris data is one thing, but PMX data is another. Sepsis is a hard nut to crack.  If they have had a look ( it is somewhat open label after all) , IMO it's more likely they await top line results, with ...more  
Comment by BlueJays9293 on Nov 06, 2024 10:25pm
Say's you!
Comment by BlueJays9293 on Nov 05, 2024 11:29pm
The problem with your thesis of sequence, and it was good, not great but decent, was that your number two sequence sentance said this, -TOP Line on Tigris is released ( shortly thereafter ) But that's when CG/Vantive's window closes on any inside scoop info that goes with buying up Vantive.  All the CG benefits and advantages of owning our distribution rights, end on that day ...more