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Theralase Technologies Inc. (TLTFF) is a clinical stage pharmaceutical company dedicated to developing light and/or radiation activated small molecules for effectively destroying cancers, bacteria, and viruses. Their lead compound, RuvidarTM, has shown promise in inactivating various viruses and increasing efficacy in cancer cell destruction. Recent research has demonstrated RuvidarTM's ability to reverse the charge of BCG, creating a compound, RuBCG, with enhanced cancer cell kill rates. Additionally, Rutherrin® has proven effective in increasing chemotherapy efficacy and reducing multidrug resistance in cancer cells. Theralase is committed to advancing innovative therapies to combat challenging diseases and improve patient outcomes.
Theralase Technologies Inc. (TLTFF) reported its 3Q2020 financial results, showing a slight revenue decline of 2% compared to the previous year, with total revenue of $514,891. The company faced challenges due to the COVID-19 pandemic, which impacted sales and operations. Gross margin remained stable at 27%, while operating expenses increased by 7%, leading to a net loss of $4,399,045, representing a 7% rise from the prior year. Notably, the FDA granted Fast Track Designation for Study II, enabling accelerated communication with regulators and potential approval pathways for its treatment of non-muscle invasive bladder cancer.
Theralase Technologies Inc. (TSXV:TLT, OTCQB:TLTFF) announced that the FDA has granted its TLD-1433 drug candidate Fast Track Designation for the Phase II study targeting BCG-Unresponsive Non-Muscle Invasive Bladder Cancer (NMIBC). This designation will enhance communication with the FDA, potentially accelerating the approval process. The Phase II study aims to treat 100 patients across 20 sites in Canada and the US, focusing on safety and efficacy metrics. This recognition underscores Theralase's commitment to improving patient outcomes for this serious health condition.
Theralase Technologies Inc. (OTCQB: TLTFF) announced a significant breakthrough with its Photo Dynamic Compound (PDC) technology, showing a 99.995% kill rate against coronavirus (BSL-2) in a preclinical study. The PDC doses used were five times lower than those effective against Influenza H1N1 and Zika viruses, indicating safety for human use. This technology has potential implications for developing a COVID-19 vaccine targeting SARS-CoV-2. Currently, Theralase is progressing through its research phases with plans for in-vivo studies and potential human clinical trials in 2021.
Theralase Technologies Inc. (OTCQB: TLTFF) has published its Quarterly Newsletter, detailing updates on its Phase II Non-Muscle Invasive Bladder Cancer (NMIBC) Clinical Study. The newsletter outlines the company’s progress and can be accessed on their website. As a clinical-stage pharmaceutical firm, Theralase focuses on the research and development of light-activated Photo Dynamic Compounds (PDC) for treating cancer, bacteria, and viruses. The company is dedicated to advancing its drug formulations safely and effectively.
Theralase Technologies Inc. (TSXV:TLT, OTCQB:TLTFF) has announced a proposal to extend the expiry date of 3,157,059 share purchase warrants from October 3, 2020, to October 3, 2022. This extension pertains to warrants issued during a private placement on October 3, 2018, with an exercise price of $0.50 per share. All other terms of the warrants remain unchanged, pending final approval by the TSX Venture Exchange. Theralase focuses on developing light-activated Photo Dynamic Compounds for treating various cancers.
Theralase Technologies has announced new patient enrollment for their Phase II clinical study on non-muscle invasive bladder cancer (NMIBC) at the McGill University Health Centre. To date, 12 patients have been treated, with 25% achieving complete response and 25% showing partial response. The company is advancing discussions to open five additional clinical sites in the U.S. and has resubmitted their Fast Track Approval application to the FDA after an initial denial. The study aims to enroll approximately 100 patients and evaluate efficacy, safety, and duration of treatment responses.
Theralase Technologies Inc. (TSXV:TLT) (OTCQB:TLTFF) has provided details for registered shareholders and proxyholders to vote at its virtual Annual General and Special Meeting on September 24, 2020, at 4:30 PM EDT. Only those on record as of August 21, 2020, are eligible to vote. Attendees must connect online and dial in to participate. Each shareholder has one vote per common share. Theralase focuses on developing light-activated Photo Dynamic Compounds for treating cancers and infections.
Theralase Technologies Inc. (TSXV:TLT, OTCQB:TLTFF) reported a 21% decline in total revenue for the first half of 2020, totaling $293,453 compared to $370,436 in 2019, mainly due to pandemic-related disruptions. Canadian revenue dropped by 23%, while US revenue plunged 49%. The company's net loss widened to $3,267,624, driven by 70% increase in R&D expenses linked to ongoing clinical studies. Despite challenges, Theralase has initiated four Canadian clinical sites for its Phase II study and is exploring additional US sites.
Theralase Technologies Inc. (TSXV:TLT, OTCQB:TLTFF) has announced amendments to its standard by-laws, aimed at aligning with the current provisions of the Canada Business Corporations Act and corporate governance standards. The changes, which include housekeeping amendments, will be subject to shareholder approval at the upcoming annual meeting on September 24, 2020. These adjustments reflect the company’s commitment to maintaining compliance and enhancing governance.
Theralase Technologies has released its Quarterly Newsletter, detailing updates on its Phase II Non-Muscle Invasive Bladder Cancer (NMIBC) clinical study. The Company focuses on developing light-activated Photo Dynamic Compounds (PDC) for cancer treatment. This newsletter highlights the Company’s progress over the last quarter and can be accessed on their website. Theralase continues to pursue innovative solutions for safely and effectively treating various cancers, underscoring its commitment to research and development.
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