PwC's resignation was not the result of any disagreement between the Company and PwC on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure. PwC has not expressed any modified opinion in its reports for Spectral’s two most recently completed financial years and ending on the Effective Date. The board of directors is of the opinion that there were no “reportable events” as defined by Section 4.11 of National Instrument 51-102 – Continuous Disclosure Obligations.
“We would like to thank PwC for their professionalism and quality of service rendered to the Company over the past years. We look forward to working with MNP as the Company’s new independent auditor. MNP submitted the most attractive offer in a comprehensive bidding procedure – with a combination of professionalism, specialist and industry knowledge, an impressive track record in taking on new audit mandates, as well as an appropriate fee proposal for a Company of Spectral’s nature of operations and size,” said
About Spectral
Spectral is a Phase 3 company seeking
PMX is approved for therapeutic use in
The Tigris Trial is a confirmatory study of PMX in addition to standard care vs standard care alone and is designed as a 2:1 randomized trial of 150 patients using Bayesian statistics. Endotoxic septic shock is a malignant form of sepsis https://www.youtube.com/watch?v=6RANrHHi9L8.
The trial methods are detailed in “Bayesian methods: a potential path forward for sepsis trials”.
Spectral is listed on the
Forward-looking statement
Information in this news release that is not current or historical factual information may constitute forward-looking information within the meaning of securities laws. Implicit in this information, particularly in respect of the future outlook of Spectral and anticipated events or results, are assumptions based on beliefs of Spectral's senior management as well as information currently available to it. While these assumptions were considered reasonable by Spectral at the time of preparation, they may prove to be incorrect. Readers are cautioned that actual results are subject to a number of risks and uncertainties, including the availability of funds and resources to pursue R&D projects, the successful and timely completion of clinical studies, the ability of Spectral to take advantage of business opportunities in the biomedical industry, the granting of necessary approvals by regulatory authorities as well as general economic, market and business conditions, and could differ materially from what is currently expected.
The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this statement.
For further information, please contact: |
Capital Markets & Investor Relations 416-962-3300 am@spinnakercmi.com |
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