Theralase Successfully Completes GMP Manufacturing of Anti-Cancer Drug

Press Releases |

For health and drug regulatory agencies, medication must not only be produced according to regulation standards, but manufacturers must prove that each production will have the same potency and yield as the original batch. Theralase Technologies (TLT:CA) , manufacturer and marketer of a patented super-pulsed laser technology used to eliminate pain, reduce inflammation and accelerate tissue healing, has made a significant breakthrough that furthers the company’s mission to treat the deadly disease.

The Toronto-based company has announced that its lead Photo Dynamic Compound (“PDC”), TLD-1433, is in compliance with Good Manufacturing Practice (“GMP”) standards and has completed manufacturing of a second batch. In late 4Q 2015, Theralase will conduct a Phase Ib clinical trial in order to evaluate the safety and tolerability of TLD-1433.

“Theralase continues to execute on its strategic initiative to advance its anti-cancer technology to commence destroying NMIBC this year,” said Roger Dumoulin-White, President and CEO of Theralase. “Theralase has now demonstrated control of its manufacturing process to produce high grade TLD-1433 in large quantities. Pending successful completion of a Phase Ib and Phase II clinical study in NMIBC, Theralase now possesses the ability to rapidly ramp up production of TLD-1433 in commercial quantities to supply oncology institutions, who treat this deadly disease.”

Major Development in the Fight Against Cancer

This announcement follows a number of positive updates from the company. This past September, Theralase completed a detailed report of how its TLC-3000B Laser System will be used to treat Non-Muscle Invasive Bladder Cancer (NMIBC). Furthermore, Theralase’s anti-cancer technology, where its TLC-3200 Oncology Laser System is used in conjunction with the PDC, TLD-1433, was submitted to Health Canada for clinical trial approval.

Each year in the United States, 50,000 men and 16,000 women are diagnosed with bladder cancer. This development is a major milestone for Theralase, as well as a significant development in the fight against cancer. Their innovative technologies and successful drug manufacturing trials are bringing medicine one step closer to effectively treating NMIBC.

Equities.com had the opportunity to interview Michael Borovec, Director of Investor Relations at Theralase. The interview can be readhere. For more information about Theralase Technologies, visit www.theralase.com.

Disclosure: In the purview of Section 17(B) of the Securities Act of 1933 and in the interest of full disclosure, we call the reader's attention the fact that Equities.com, Inc. may be compensated by the companies profiled in the Spotlight Companies section. The purpose of these profiles is to provide awareness of these companies to investors in the micro, small-cap and growth equity community and should not in any way come across as a recommendation to buy, sell or hold these securities. Equities.com is not a registered broker, broker dealer, investment advisor, analyst, investment banker or underwriter. All profiles are based on information that is available to the public. The information contained herein should not be considered to be all-inclusive and is not guaranteed by Equities.com to be free from misstatement or errors. Readers are reminded to do their own due diligence when researching any companies mentioned on this website.

 

 

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Comments

Emerging Growth

Naked Brand Group Inc

Naked Brand Group Inc through its wholly-owned subsidiary is engaged in manufacturing and selling of direct and wholesale men's undergarments to consumers and retailers.

Private Markets

Santo Diablo Mezcal

Santo Diablo Mezcal has been created to capitalize on a boom sector of the beverage market currently full of many small unmemorable products by producing one sexy, household, easily recognizable…

Wealthfront

Wealthfront is an automated investment service that serves as an alternative to traditional financial advisory services. The company manages a diversified, continually rebalanced portfolio of index funds on their clients’…