Toronto, Ontario – November 29, 2022, Theralase® Technologies Inc. (“Theralase” or the “Company”) (TSXV: TLT) (OTCQB: TLTFF), a clinical stage pharmaceutical company dedicated to the research and development of light activated Photo Dynamic Compounds (“PDC”) and their associated drug formulations intended to safely and effectively destroy various cancers, bacteria and viruses has released the Company’s unaudited 3Q2022 condensed interim consolidated Financial Statements (“Financial Statements”). Financial Highlights: For the six-month period ended September 30th: Audited Consolidated Statements of Operations              In Canadian Dollars     2022 2021 % Change  Revenue       Canada 683,167     501,523 36% United States 111,496        52,100  114% International 18,335        13,189  39% Total Revenue 812,998 566,812 43%         Cost of Sales 389,232 317,397 23% Gross Margin 423,766 249,415 70% Gross Margin as a percentage of sales 52% 44%           Operating Expenses       Selling Expenses 238,904 271,708 -12% Administrative Expenses 1,068,979 1,211,834 -12% Research and Development Expenses – CLT … Read More

Toronto, Ontario – November 21, 2022, Theralase® Technologies Inc. (“Theralase®” or the “Company”) (TSXV: TLT) (OTCQB: TLTFF), a clinical stage pharmaceutical company focused on the research and development of light activated Photo Dynamic Compounds (“PDCs”) and their associated drug formulations, used to destroy various cancers, bacteria and viruses, safely and effectively, announces the grant of stock options.  The Company has granted an aggregate of 7,860,000 stock options to directors, officers, employees & advisory board members pursuant to the Company’s stock option plan.  The options granted, are exercisable at a price of CDN$0.25 per share and vest over a three-year period and expire five years from the date of the grant. The stock option plan was last approved by the shareholders of the Company at the Annual General and Special Meeting of Shareholders held on June 28, 2022. About Theralase® Technologies Inc. Theralase® is a clinical stage pharmaceutical company dedicated to the research and development of … Read More

Toronto, Ontario – November 17, 2022, Theralase® Technologies Inc. (“Theralase®” or the “Company”) (TSXV: TLT) (OTCQB: TLTFF), a clinical stage pharmaceutical company focused on the research and development of light activated Photo Dynamic Compounds (“PDCs”) and their associated drug formulations, used to destroy various cancers, bacteria and viruses, safely and effectively, is pleased to announce that it has closed a non-brokered private placement offering (“Offering”) of units (“Units”). On closing, the Corporation issued an aggregate of 1,000,000 Units at a price of $0.25 per Unit for aggregate gross proceeds of approximately $250,000. Each Unit consisted of one common share of the Company (“Common Share”) and one common share purchase warrant (“Warrant”). Each Warrant entitles the holder to acquire an additional Common Share at an exercise price of $0.35 per share for a period of 24 months following the date of issuance.  In connection with the Offering, the Company paid a finder’s fee of $1,350 in cash and … Read More

Not for distribution to U.S. news wire services or dissemination in the United States. Toronto, Ontario – October 3, 2022, Theralase® Technologies Inc. (“Theralase®” or the “Company”) (TSXV: TLT) (OTCQB: TLTFF), a clinical stage pharmaceutical company focused on the research and development of light activated Photo Dynamic Compounds (“PDCs”) and their associated drug formulations, used to safely and effectively destroy various cancers, bacteria and viruses, is pleased to announce that it has commenced a non-brokered $CAN 2.5 M follow-on private placement equity financing (“Financing”). Under the terms of the Financing, up to 10,000,000 Units are available to be sold to accredited investors at a price of $0.25 per Unit for aggregate gross proceeds of up to $CAN 2,500,000. Each Unit will consist of one common share of the Company (“Common Share”) and one common share purchase warrant (“Warrant”). Each Warrant will entitle the holder to acquire an additional Common Share at … Read More

Toronto, Ontario – September 29, 2022, Theralase® Technologies Inc. (“Theralase” or “Company“) (TSXV:TLT)(OTCQB:TLTFF), a clinical stage pharmaceutical company focused on the research and development of light activated Photo Dynamic Compounds (“PDCs“) and their associated drug formulations intended to safely and effectively destroy various cancers, announces that the Company proposes to extend the expiry date of 3,157,059 share purchase warrants, all of which are exercisable at $0.50 per share (collectively, the “Warrants“). The Warrants were issued on October 3, 2018 pursuant to a private placement involving the issuance of 3,157,059 units of the Company. The Warrants were previously amended to extend the original expiry date of October 3, 2020 to October 3, 2022. Now, the Company proposes to extend the amended expiry date of October 3, 2022 to October 3, 2023.  All other terms and conditions of the Warrants will remain unchanged. The Warrant expiry date extension is subject to final acceptance by the … Read More

Toronto, Ontario – September 22, 2022, Theralase® Technologies Inc. (“Theralase®” or the “Company”) (TSXV: TLT) (OTCQB: TLTFF), a clinical stage pharmaceutical company focused on the research and development of light activated Photo Dynamic Compounds (“PDCs”) and their associated drug formulations, used to destroy various cancers, bacteria and viruses, safely and effectively, is pleased to announce that it has closed a non-brokered private placement offering (“Offering”) of units (“Units”). On closing, the Corporation issued an aggregate of 10,000,000 Units at a price of $0.25 per Unit for aggregate gross proceeds of approximately $2,500,000. Each Unit consisted of one common share of the Company (“Common Share”) and one common share purchase warrant (“Warrant”). Each Warrant entitles the holder to acquire an additional Common Share at an exercise price of $0.35 per share for a period of 24 months following the date of issuance.  In connection with the Offering, the Company paid a finder’s fee of $10,167 in cash and … Read More

Toronto, Ontario – August 29, 2022, Theralase® Technologies Inc. (“Theralase” or the “Company”) (TSXV: TLT) (OTCQB: TLTFF), a clinical stage pharmaceutical company dedicated to the research and development of light activated PhotoDynamic Compounds (“PDC”) and their associated drug formulations intended to safely and effectively destroy various cancers has released the Company’s unaudited 2Q2022 condensed interim consolidated Financial Statements (“Financial Statements”). Financial Highlights: For the six-month period ended June 30th: Audited Consolidated Statements of Operations             In Canadian Dollars     2022 2021 % Change  Revenue       Canada 426,990     384,154 11% United States 125,452        32,656  284% International 0        13,189  -100% Total Revenue 552,442 429,999 28%         Cost of Sales 271,656 230,370 18% Gross Margin 280,786 199,629 41% Gross Margin as a percentage of sales 51% 46%           Operating Expenses       Selling Expenses 167,139 197,400 -15% Administrative Expenses 734,081 802,271 -8% Research and Development Expenses – CLT Division 105,353 88,141 20% Research … Read More

Toronto, Ontario – June 28, 2022, Theralase® Technologies Inc. (“Theralase®” or the “Company”) (TSXV: TLT) (OTCQB: TLTFF), a clinical stage pharmaceutical company focused on the research and development of light activated Photo Dynamic Compounds (“PDCs”) and their associated drug formulations, used to destroy various cancers, bacteria and viruses, safely and effectively, is pleased to announce that the Company has expanded its Intellectual Property (“IP”) portfolio. Theralase® has recently been granted a Brazilian patent for, “Metal-Based Thiopene Photodynamic Compounds and their Use” (“Patent”). The patent advances Theralase’s intellectual property portfolio internationally strengthening the patent portfolio around the Anti-Cancer Technology (“ACT”) platform. The patent encompasses an extensive library of PDCs, including Theralase’s lead PDC, TLD-1433, approved by Health Canada to be evaluated in a Phase II Non-Muscle Invasive Bladder Cancer (“NMIBC”) clinical study (“Study II”). The Mechanism of Action (“MOA”) of the patented Theralase® PDCs involves selective localization of the PDC inside the … Read More

Toronto, Ontario – June 24, 2022, Theralase® Technologies Inc. (“Theralase” or the “Company”) (TSXV: TLT) (OTCQB: TLTFF), a clinical stage pharmaceutical company dedicated to the research and development of light activated Photo Dynamic Compounds (“PDC”) and their associated drug formulations intended to safely and effectively destroy various cancers is pleased to announce that Theralase®’s research, published in Translational Biophotonics (“TBIO”), is one of the top 10 most downloaded papers in TBIO, amongst work published between January 1, 2019 to December 31, 2020.  According to the TBIO’s website, TBIO is an international peer-reviewed, open access journal dedicated to bridging the gap in translating medical photonic research into clinical practice. TBIO serves as a platform for translating photonic methods and technologies in all medical areas to solve unmet medical needs in diagnosis and therapy. The symbiosis between photonics and medicine serves as the bridge in integrating translational research into clinical practice. The Theralase® sponsored research entitled, “Evaluation of a … Read More

Toronto, Ontario – June 21, 2022, Theralase® Technologies Inc. (“Theralase” or the “Company”) (TSXV: TLT) (OTCQB: TLTFF), a clinical stage pharmaceutical company dedicated to the research and development of light activated Photo Dynamic Compounds (“PDC”) and their associated drug formulations intended to safely and effectively destroy various cancers is pleased to announce that Theralase®’s Phase Ib Non-Muscle Invasive Bladder Cancer (“NMIBC”) clinical study (“Study”) has been peer reviewed and published in the European Urology Open Science (“EUOS”) Journal, Volume 41, July 2022. According to EUOS’s website, EUOS is dedicated to the publication of high quality, innovative research that will benefit patients with urological conditions. EUOS covers research in the urological field, including clinical, basic and translational research. The publication can be accessed online at no charge at:  https://www.sciencedirect.com/science/article/pii/S2666168322005900 The publication states, “Despite efforts to bring new treatment strategies forward for Bacillus Calmette Guérin (“BCG”)-Unresponsive NMIBC, a clear consensus for a standard treatment other than radical cystectomy has yet to … Read More