STOCK TITAN

Kane Biotech Receives Funding Support to Expand the revyve™ Antimicrobial Wound Gel Family

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags

Kane Biotech Inc. (TSX-V:KNE; OTCQB:KNBIF) has secured up to $200,000 in funding from the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP) to expand its revyve™ Antimicrobial Wound Gel product line. The funding, spread over 20 months, will support the development of three new products:

  • revyve™ Antimicrobial Wound Gel Spray for sensitive wounds
  • revyve™ Antimicrobial Wound Cleanser for various wound types
  • Antimicrobial Surgical Gel for surgical/acute wounds

These extensions aim to provide higher price points or volumes, potentially scaling revenues rapidly. The company plans to leverage its expanded FDA 510(k) clearance for the revyve™ Antimicrobial Wound Gel in developing these new products.

Kane Biotech Inc. (TSX-V:KNE; OTCQB:KNBIF) ha ottenuto fino a 200.000 dollari di finanziamenti dal Programma di Assistenza alla Ricerca Industriale del Consiglio Nazionale delle Ricerche del Canada (NRC IRAP) per espandere la sua linea di prodotti di gel antimicrobico per ferite revyve™. I fondi, distribuiti in 20 mesi, supporteranno lo sviluppo di tre nuovi prodotti:

  • revyve™ Spray Antimicrobico per Ferite per ferite sensibili
  • revyve™ Detergente Antimicrobico per Ferite per vari tipi di ferite
  • Gel Chirurgico Antimicrobico per ferite chirurgiche/acute

Queste estensioni mirano a fornire prezzi più elevati o volumi, potenzialmente scalando rapidamente i ricavi. L'azienda prevede di sfruttare la sua espansione dell'approvazione FDA 510(k) per il gel antimicrobico per ferite revyve™ nello sviluppo di questi nuovi prodotti.

Kane Biotech Inc. (TSX-V:KNE; OTCQB:KNBIF) ha conseguido hasta $200,000 en financiación del Programa de Asistencia de Investigación Industrial del Consejo Nacional de Investigación de Canadá (NRC IRAP) para expandir su línea de productos de gel antimicrobiano para heridas revyve™. La financiación, distribuida durante 20 meses, apoyará el desarrollo de tres nuevos productos:

  • revyve™ Spray Antimicrobiano para Heridas para heridas sensibles
  • revyve™ Limpiador Antimicrobiano para Heridas para varios tipos de heridas
  • Gel Quirúrgico Antimicrobiano para heridas quirúrgicas/agudas

Estas extensiones tienen como objetivo proporcionar precios más altos o volúmenes, lo que podría escalar rápidamente los ingresos. La compañía planea aprovechar su ampliación de la aprobación FDA 510(k) para el gel antimicrobiano para heridas revyve™ en el desarrollo de estos nuevos productos.

Kane Biotech Inc. (TSX-V:KNE; OTCQB:KNBIF)는 캐나다 국가연구위원회 산업연구지원 프로그램(NRC IRAP)으로부터 최대 200,000 달러의 자금을 확보하여 revyve™ 항균 상처 젤 제품 라인을 확장합니다. 20개월에 걸쳐 분포된 이 자금은 세 가지 새로운 제품 개발을 지원합니다:

  • revyve™ 항균 상처 젤 스프레이 감수성 상처용
  • revyve™ 항균 상처 세척제 다양한 유형의 상처용
  • 항균 수술 젤 수술/급성 상처용

이러한 확장은 높은 가격대 또는 물량을 제공하는 것을 목표로 하여, 수익을 빠르게 증가시킬 수 있습니다. 이 회사는 revyve™ 항균 상처 젤의 FDA 510(k) 승인을 확대하여 이러한 새로운 제품을 개발할 계획입니다.

Kane Biotech Inc. (TSX-V:KNE; OTCQB:KNBIF) a sécurisé jusqu'à 200 000 $ de financement grâce au Programme d'assistance à la recherche industrielle du Conseil national de recherches du Canada (NRC IRAP) pour élargir sa gamme de produits de gel antimicrobien pour plaies revyve™. Le financement, réparti sur 20 mois, soutiendra le développement de trois nouveaux produits :

  • revyve™ Spray antimicrobien pour plaies pour plaies sensibles
  • revyve™ Nettoyant antimicrobien pour plaies pour divers types de plaies
  • Gel chirurgical antimicrobien pour plaies chirurgicales/aigües

Ces extensions visent à offrir des prix ou des volumes plus élevés, ce qui pourrait permettre de faire évoluer rapidement les revenus. L'entreprise prévoit de tirer parti de son approbation FDA 510(k) élargie pour le gel antimicrobien pour plaies revyve™ dans le développement de ces nouveaux produits.

Kane Biotech Inc. (TSX-V:KNE; OTCQB:KNBIF) hat bis zu 200.000 CAD an Fördermitteln vom Industrial Research Assistance Program (NRC IRAP) des National Research Council of Canada gesichert, um seine revyve™ Antimikrobieller Wundgel-Produktlinie zu erweitern. Die Finanzierung, die über 20 Monate verteilt wird, unterstützt die Entwicklung von drei neuen Produkten:

  • revyve™ Antimikrobielles Wundgel-Spray für empfindliche Wunden
  • revyve™ Antimikrobielles Wundreinigungsmittel für verschiedene Wundtypen
  • Antimikrobielles chirurgisches Gel für chirurgische/akute Wunden

Diese Erweiterungen sollen höhere Preisniveaus oder Volumen bieten, was potenziell zu einer schnellen Umsatzsteigerung führen kann. Das Unternehmen plant, seine erweiterte FDA 510(k) Zulassung für das revyve™ Antimikrobielles Wundgel zur Entwicklung dieser neuen Produkte zu nutzen.

Positive
  • Secured up to $200,000 in R&D funding from NRC IRAP
  • Expanding product line with three new wound care products
  • New products expected to command higher prices or generate higher volumes
  • Leveraging existing FDA 510(k) clearance for product development
  • Potential for rapid revenue scaling with new product line extensions
Negative
  • None.

WINNIPEG, Manitoba, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Kane Biotech Inc. (TSX- V:KNE; OTCQB:KNBIF) (“Kane Biotech”, “Kane” or the “Company”) announces that it is receiving advisory services and up to $200,000 in research and development funding from the National Research Council of Canada Industrial Research Assistance Program (“NRC IRAP”).

The funding will be received over a period of 20 months and will support the development of three additional products to build on Kane Biotech’s revyveTM Antimicrobial Wound Gel technology. The Company expects to be able to leverage its newly expanded US Food and Drug Administration (“FDA”) 510(k) clearance for its revyveTM Antimicrobial Wound Gel.

(1)revyveTM Antimicrobial Wound Gel Spray: Will provide ease of use and is optimized for sensitive wounds like first-second degree burns and venous leg ulcers (VLU). The patent pending Gel Spray will allow for contact-free application and removal and will command a higher price per ounce.

(2)revyveTM Antimicrobial Wound Cleanser: Intended for mechanical cleansing and removal of debris and foreign material from diabetic foot ulcers (DFU), venous leg ulcers (VLU), pressure ulcers (PU), first-second degree burns, skin grafts, and donor sites. Sales targets will be hospitals, ASC, (ambulatory surgery centers), physician offices and HOPD settings where these types of cleansers are used every day. The Wound Rinse has the potential to become Kane’s highest volume product in the revyveTM Antimicrobial Wound Care family.

(3)Antimicrobial Surgical Gel: A sterilized version of the revyve™ gel for surgical/acute wounds. The product will be applied to all types of surgical wounds and can be used prophylactically on post-surgical incisions as well. Although hospital operating room settings are the initial target for this application, ASC (ambulatory surgery centers), physician offices and HOPD settings are also potential markets. Being sterile, the Surgical Gel will command a significant higher price per ounce.

“We made the strategic decision to ensure that revyveTM fits within reimbursement as the products are being delivered to patients. These product line extensions will provide either higher price points or higher volumes which will drive our ability to rapidly scale our revenues,” said Marc Edwards, President & CEO. “I would like to thank NRC IRAP for their past and ongoing support of Kane’s research and development.”

Prior support from NRC IRAP has significantly contributed toward the development of Kane Biotech’s quality program infrastructure which led to the Company reaching key milestones in its domestic and global commercialization strategy including ISO 13485:2016 certification, US FDA 510(k) clearance of revyveTM and most recently its ISO 13485:2016 Medical Device Single Audit Program (MDSAP) Quality Certification.

About Kane Biotech

Kane Biotech Inc. is a biotechnology company engaged in the research, development and commercialization of technologies and products that prevent and remove microbial biofilms. Kane has a portfolio of biotechnologies, intellectual property (68 patents and patents pending, trade secrets and trademarks) and products developed by Kane's own biofilm research expertise and acquired from leading research institutions. DispersinB®, coactiv+™, coactiv+®, DermaKB™, DermaKB Biofilm™, and revyve™ are trademarks of Kane Biotech Inc. Kane is listed on the TSX Venture Exchange under the symbol "KNE" and on the OTCQB Venture Market under the symbol “KNBIF”.

For more information:

  
Marc EdwardsRay Dupuis
Chief Executive OfficerChief Financial Officer
Kane Biotech IncKane Biotech Inc
medwards@kanebiotech.comrdupuis@kanebiotech.com


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Caution Regarding Forward-Looking Information
This press release contains certain statements regarding Kane Biotech Inc. that constitute forward-looking information under applicable securities law. These statements reflect management’s current beliefs and are based on information currently available to management. Certain material factors or assumptions are applied in making forward-looking statements, and actual results may differ materially from those expressed or implied in such statements. These risks and uncertainties include, but are not limited to, risks relating to Kane’s: (a) financial condition, including lack of significant revenues to date and reliance on equity and other financing; (b) business, including its early stage of development, government regulation, market acceptance for its products, rapid technological change and dependence on key personnel; (c) intellectual property including the ability of Kane to protect its intellectual property and dependence on its strategic partners; and (d) capital structure, including its lack of dividends on its common shares, volatility of the market price of its common shares and public company costs. Further information about these and other risks and uncertainties can be found in the disclosure documents filed by Kane with applicable securities regulatory authorities, available at www.sedarplus.ca. Kane cautions that the foregoing list of factors that may affect future results is not exhaustive.


FAQ

What new products is Kane Biotech (KNBIF) developing with the NRC IRAP funding?

Kane Biotech is developing three new products with the NRC IRAP funding: revyve™ Antimicrobial Wound Gel Spray, revyve™ Antimicrobial Wound Cleanser, and Antimicrobial Surgical Gel.

How much funding did Kane Biotech (KNBIF) receive from NRC IRAP in August 2024?

Kane Biotech received up to $200,000 in research and development funding from the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP).

What is the expected impact of the new products on Kane Biotech's (KNBIF) revenue?

The new product line extensions are expected to provide either higher price points or higher volumes, which Kane Biotech believes will drive its ability to rapidly scale revenues.

What regulatory clearance is Kane Biotech (KNBIF) leveraging for its new product development?

Kane Biotech is leveraging its newly expanded US Food and Drug Administration (FDA) 510(k) clearance for its revyve™ Antimicrobial Wound Gel in developing the new products.

KANE BIOTECH INC ORD

OTC:KNBIF

KNBIF Rankings

KNBIF Latest News

KNBIF Stock Data

10.48M
83.97M
37.21%
Biotechnology
Healthcare
Link
United States of America
Winnipeg