Spectral Medical (EDT) Status update summary
Event summary combining transcript, slides, and related documents.
Status update summary
29 May, 2026Tigris trial enrollment and timeline
Enrollment reached 138 patients, with robust activity until a slowdown in October due to a nationwide saline shortage caused by Hurricane Helene.
Full enrollment is now projected by the end of Q1 2025, with top-line data expected approximately 120 days after last patient enrollment, targeting early Q3 2025.
FDA submission is anticipated around the end of Q3 2025, with a complete review expected by Q1 2026.
The saline shortage reduced enrollment by about a dozen patients, but screening activity remains strong and is improving.
Enrollment requires 150 evaluable patients, but due to some patients not receiving intervention, total enrollment will be slightly higher (157-160).
Impact of saline shortage and site performance
The saline shortage has been a significant challenge, but production issues are resolving and allocation is expected to normalize soon.
High-performing sites continue to drive most enrollments, with little change in site performance patterns.
Efforts to dedicate saline to high-enrolling sites are limited by the nationwide shortage, but logistical support from Baxter has helped.
Sub-studies and additional research
The PrisMax sub-study has enrolled 12 patients and is on track to reach its target of at least 15.
The EDEN sub-study data are locked and primary analysis is complete, with abstracts to be presented in February and manuscript submission targeted for January.
Latest events from Spectral Medical
- Tigris trial enrollment surged, $8.5M financing secured, and 10-year Baxter partnership extended.EDT
AGM 202429 May 2026 - TIGRIS enrollment, Vantive financing, and FDA submission drive momentum for 2026 launch.EDT
AGM 202529 May 2026 - PMA submission moved to Q1 2026; commercialization and financial plans remain on track.EDT
Status update29 May 2026 - Tigris trial showed robust 90-day mortality benefit, paving the way for FDA submission and commercialization.EDT
Status update29 May 2026 - Tigris trial fully enrolled, $10M financing secured, and top-line results due by mid-August.EDT
Status update29 May 2026 - Accelerated trial progress, revenue growth, and new funding set stage for late-2024 milestones.EDT
Q2 202421 Apr 2026 - Tigris trial nears completion amid supply chain delays; Q3 revenue up, but net loss widens.EDT
Q3 202421 Apr 2026 - Tigris trial enrollment nearly complete; revenue up 43% as PMX commercialization advances.EDT
Q4 202421 Apr 2026 - PMX advanced toward FDA submission with strong trial results and increased 2025 revenue.EDT
Q4 202514 Apr 2026