TORONTO, ON / CRWEPRESSRELEASE / September 8, 2015 /Theralase Technologies Inc. (“Theralase” or the “Company”) (TSX Venture: TLT) (OTCMKTS:TLTFF), a leading biotechnology manufacturer focused on commercializing medical technologies to eliminate pain and destroy cancer, announced today that it has completed manufacture of its lead Photo Dynamic Compound (“PDC”), TLD-1433 in compliance with Good Manufacturing Practice (“GMP”) standards. This milestone is critical for a Clinical Trial Application (“CTA”) submission to Health Canada.
Pending Health Canada approval of the CTA, Theralase would commence enrolling patients inflicted with Non-Muscle Invasive Bladder Cancer (“NMIBC”) into a Phase Ib clinical trial aimed at proving the primary objective of safety and tolerability with an exploratory objective of efficacy.
Completion of the GMP manufacturing of TLD-1433 is a major milestone for the Company and is a prerequisite for a CTA application. Supporting data includes a Chemistry, Manufacturing, and Control (“CMC”) analysis detailing pertinent specifications of the drug.
Key components required to submit a CTA to Health Canada for a new drug / device combination include:
1. GMP manufacture including CMC information for the drug;
2. Good Laboratory Practice (“GLP”) Toxicology Analysis of the drug;
3. Completion of the Clinical Protocol and Investigator’s Brochure;
4. Completion of detailed information regarding the device used in conjunction with the drug.
Roger Dumoulin-White, President and CEO, Theralase stated that, “Theralase is executing on its strategic initiative to advance our anti-cancer technology to commence destroying NMIBC this year. Theralase has now completed the first major milestone of the CTA application and is well on its way to completing all the remaining steps of the CTA application in 3Q2015 in order to allow commencement of a Phase Ib clinical study in late 4Q2015.”
About Theralase Technologies Inc.
Theralase Technologies Inc. (“Theralase(R)”) (CVE:TLT) (OTCMKTS: TLTFF) in its Therapeutic Laser Technology Division designs, manufactures and markets patented super-pulsed laser technology indicated for the: elimination of pain, reduction of inflammation and dramatic acceleration of tissue healing for numerous nerve, muscle and joint conditions. Theralase’s Photo Dynamic Therapy Division researches and develops specially designed molecules called Photo Dynamic Compounds, which are able to localize to cancer cells and then when laser light activated, effectively destroy them.
Theralase Technologies Inc. was recognized as a TSX Venture 50(R) company in 2015. TSX Venture 50 is a trademark of TSX Inc. and is used under license.
This press release contains forward-looking statements, which reflect the Company’s current expectations regarding future events. The forward-looking statements involve risks and uncertainties. Actual results could differ materially from those projected herein. The Company disclaims any obligation to update these forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchanges) accepts responsibility for the adequacy or accuracy of this release.
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SOURCE:Theralase Technologies Inc.