Toronto, Ontario / ACCESSWIRE / September 11, 2014 / To take advantage of the vastly improved business climate in Quebec, Theralase Technologies Inc. (“Theralase”) (TLT.V) (TLTFF: OTC Link(R)) announced today that it is partnering with JSS Medical Research Inc. (“JSS”), a Montreal based Contract Research Organization (“CRO”), to consult and provide guidance in the completion of a FDA / Health Canada Phase I/IIa clinical study. The clinical study planned for early 2015 will evaluate the safety and efficacy of Theralase’s innovative Photo Dynamic Therapy (“PDT”) platform in the destruction of bladder cancer. Theralase anticipates executing further agreements in the Quebec biotech sector worth several million dollars over the next 12 to 18 months. Bladder cancer is the fifth most common cancer (fourth for men, eighth for women), the most expensive cancer to treat, costing between $100k and $200k per patient and has the highest recurrence rate at 80%. In the … Read More

Toronto, Ontario / ACCESSWIRE / September 9, 2014 / Theralase Technologies Inc. (“Theralase”) (TLT.V) (TLTFF: OTC Link(R)) announced today that it has successfully launched its TLC-3000 multi wavelength laser system capable of activating its patented and patent pending Photo Dynamic Compounds (PDCs) for the destruction of cancer in an preclinical environment. This is the first commercial system on the market capable of effectively activating a 96 well plate of cancer cells with wavelengths in the visible to Near Infrared (NIR) spectrum using programmable energy levels. Intellectual protection for this system was recently applied for under a pending US patent. The new multi wavelength laser system has been delivered to Princess Margaret Cancer Centre, University Health Network (“UHN”) and to the University of Toledo for evaluation of safety and efficacy. Further developments and enhancements of this multi wavelength laser technology in 2015 will be to activate Theralase’s patented and patent pending … Read More

Toronto, Ontario / ACCESSWIRE / August 29, 2014 / Theralase Technologies Inc. (“Theralase”) (TLT:TSXV) (TLTFF:OTC Link) released its second quarter 2014 financial results today, demonstrating a slight increase in revenue for the three month period ended June 30, 2014, edging up 1% year over year, while successfully advancing its patented next generation therapeutic laser and cancer destruction technologies. Total revenue for the six-month period ended June 30, 2014 increased 1% from $852,196 to $860,437 year over year. The net loss for the six-month period ended June 30, 2014 was $689,727 (including $64,304 of net non-cash expenses) compared to a net loss of $411,079 in the same period in 2013 (including $56,829 of net non-cash expenses). The net loss reflects the ongoing commitment of Theralase to invest in the next generation of therapeutic laser and cancer destruction technologies, from existing therapeutic laser sales. Sales and marketing expenses increased 27% from $237,221 … Read More

Toronto, Ontario – July 17, 2014 Theralase Technologies Inc. (“Theralase”) (TSXV: TLT) (TLTFF: OTC Link®) announced today that it has applied for a US patent for a multi-wavelength laser light source that is capable of safely and effectively activating its patented and patent pending Photo Dynamic Compounds (PDCs) in the destruction of cancer at various tissue depths. Theralase’s PDCs are able to be activated by laser wavelengths ranging from the visible spectrum to the Near Infrared (NIR) spectrum. This newly conceived multi-wavelength laser system is able to activate the PDCs from a few hundred microns (millionths of a meter) to ten centimeters in depth allowing oncologists the ability to target surface as well as deep cancerous tumors. Dr. Arkady Mandel, Chief Scientific Officer of Theralase stated, “The new multi-wavelength laser system combined with Theralase’s PDCs presents the first opportunity for an oncologist to be able to provide a fully “patient … Read More