BUZZ-Spectral Medical says unaware of reason for Thursday's plunge

Fri Aug 19, 2016 10:44am EDT
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** Spectral Medical's shares surge as much as 46.3 pct on Friday, following a near 34 pct slump on Thursday

** Canadian drug developer says Friday it is unaware of "any material, undisclosed corporate developments" that may have resulted in the fall in shares

** Stock's intraday pct gain Friday is its biggest in more than 2 yrs

** Spectral said on Thursday it planned to file in Q4 clinical data on its device to reduce mortality in patients with septic shock

** Up to Wednesday's close, stock had risen about 86 pct in the past 12 months