Toronto, Ontario – November 29, 2016, Theralase Technologies Inc. (“Theralase®” or the “Company”) (TLT:TSXV) (TLTFF:OTC), a leading biotech company focused on the commercialization of medical devices to eliminate pain and the development of Photo Dynamic Compounds (“PDCs”) to destroy cancer, announced today that for the nine-month period ended September 30, 2016, total revenue increased from $1,061,608 to $1,206,726 from the same period in 2015, a 14% increase. In Canada, revenue decreased 18% to $728,277 from $885,562. In the US, revenue increased 193% to $399,445 from $136,382 and international revenue increased 99% to $79,004 from $39,665. The decrease in Canadian revenue in 3Q2016 and the corresponding increase in US and international revenue is attributable to the Company systematically building its sales and marketing teams in the Canadian and US market and the learning curves associated with training and developing a new sales force. In December 2015, the next generation TLC-2000 laser … Read More

Not for distribution to U.S. news wire services or dissemination in the United States.  Toronto, Ontario – November 10, 2016 – Theralase Technologies Inc. (“Theralase” or the “Corporation”) (TSXV:TLT) (OTC Pink®: TLTFF) is pleased to announce that it has closed its previously announced public offering (the “Offering”) of units (each, a “Unit”). On closing, the Corporation issued an aggregate of 14,236,666 Units at a price of $0.30 per Unit for aggregate gross proceeds of approximately $4,271,000. Each Unit consists of one common share of the Corporation (each, a “Common Share”) and one common share purchase warrant (each, a “Warrant”). Each Warrant entitles the holder to acquire an additional Common Share at a price of $0.375 for a period of 60 months following the date of issuance. Echelon Wealth Partners Inc. (the “Agent”) acted as sole agent in connection with the Offering pursuant to the terms and conditions of an agency … Read More

Not for distribution to U.S. news wire services or dissemination in the United States.  Toronto, Ontario – November 7, 2016, Theralase Technologies Inc. (“Theralase” or the “Corporation”) (TSXV:TLT) (OTC Pink®: TLFF) is pleased to announce that it proposes to offer for sale up to 20,000,000 units of the Corporation (each, a “Unit”) at a price of $0.30 per Unit for aggregate gross proceeds of up to $6,000,000 (the “Offering”). Each Unit will consist of one common share of the Corporation (each, a “Common Share”) and one common share purchase warrant (each, a “Warrant”). Each Warrant will entitle the holder to acquire an additional Common Share (each a “Warrant Share”) at a price of $0.375 for a period of 60 months following the date of issuance. In connection with the Offering, the Corporation has engaged Echelon Wealth Partners Inc. (the “Agent”) to offer the Units for sale to the public on … Read More

Toronto, Ontario – November 3, 2016 – Theralase Technologies Inc. (“Theralase” or the “Corporation”) (TLT:TSXV) (TLTFF:OTC), a leading biotech company focused on the commercialization of medical devices to eliminate pain and the development of photodynamic compounds to destroy cancer, announced today it is filing amended and restated financial statements (together with an amended corresponding management’s discussion and analysis) for the quarter ended June 30, 2016 (collectively, the “Amended Financial Report”) to correct the accounting errors identified below.   In the 2Q2016 financial statements, filed August 29,2016:   Prepaid expenses were overstated by $62,692. Finished Goods Inventory Overhead was overstated by $66,377. Accrued Liabilities were overstated by 62,763.   The net impact of the correction of the above stated items to the Balance Sheet is a:   reduction in Total Assets from $4,705,471 to $4,576,402, representing a net reduction of $129,069 (approximately 2.7%); and reduction in Total Liabilities from $419,457 to … Read More

Toronto, Ontario – November 1, 2016 – Theralase Technologies Inc. (“Theralase” or the “Corporation”) (TLT:TSXV) (TLTFF:OTC), a leading biotech company focused on the commercialization of medical devices to eliminate pain and the development of photodynamic compounds  to destroy cancer, announced today that it wishes to provide clarification with respect to certain forward-looking information included in an interview with the Corporation’s President and Chief Executive Officer posted at www.smallcappower.com on February 18, 2016. Such forward-looking information included statements with respect to projected sales of up to $10 million for fiscal year 2016 as well as certain other long term projections. Such information constitutes forward-looking information within the meaning of National Instrument 51-102 – Continuous Disclosure and was subject to certain underlying assumptions including: Ability to ramp up manufacture of the TLC-2000 to commercial production levels; Ability to optimize the software for ease of use and functionality Ability to execute on a … Read More

Toronto, Ontario – October 28, 2016, Theralase Technologies Inc. (“Theralase®” or the “Company”) (TLT:TSXV) (TLTFF:OTC), a leading biotech company focused on the commercialization of medical laser systems to eliminate pain and the development of light activated Photo Dynamic Compounds (“PDCs”) to destroy cancer, announced today an ability of its Photo Dynamic Therapy (“PDT”) technology to increase survival by 925% in a very aggressive form of brain cancer, known as Glioblastoma Multiforme (“GBM”). In an orthotopic rat model (GBM established in brain tissue), Theralase was able to demonstrate that the animal treated by the laser activated Theralase PDC Rutherrin® (TLD-1433 + transferrin) technology survived for a total of 41 days post treatment (37 days longer than untreated animals) resulting in a 925% survival increase. The current survival rate for untreated animals is approximately 4 days. The current median survival in humans without treatment is approximately 8.1 months or 0.7 years1. The … Read More

  Toronto, Ontario – October 25, 2016, Theralase Technologies Inc. (“Theralase®” or the “Company”) (TLT:TSXV) (TLTFF:OTC), a leading biotech company focused on the commercialization of medical devices to eliminate pain and the development of Photo Dynamic Compounds (“PDCs”) to destroy cancer, announced today that Dr. Lothar Lilge, Professor and Grad Student Coordinator, Medical Biophysics, University of Toronto, will be presenting Theralase’s anti-cancer technology at the Photodynamic Therapy and Photodiagnosis (“PDT-PDD”) Conference taking place from October 24 to 28, 2016, in Nancy, France.   Dr. Lilge will deliver an oral and poster presentation on “TLD-1433-Mediated Photo Dynamic Therapy as a Novel Intravesical Treatment for Bladder Cancer: in vitro, in vivo, and Good Laboratory Practice (“GLP”) Toxicology Validation”.   Urinary bladder cancer, which accounts for 3.3% of all cancers, is a socially significant healthcare problem that has become a major cause of morbidity, mortality, and health-related costs. Although first line treatments are … Read More

Toronto, Ontario – October 20, 2016, Theralase Technologies Inc. (“Theralase®” or the “Company”) (TLT:TSXV) (TLTFF:OTC), a leading biotech company focused on the commercialization of medical devices to eliminate pain and the development of Photo Dynamic Compounds (“PDCs”) to destroy cancer, announced today that Health Canada has granted the Company Investigational Testing Authorization (“ITA”) approval to use its patent pending TLC-3200 Photo Dynamic Therapy (“PDT”) Laser System and TLC-3400 Dosimetry Fibre Optic Cage (“DFOC”) technology, in conjunction with its Clinical Trial Application (“CTA”) approved lead PDC, TLD-1433, to commence a Phase Ib clinical trial for the treatment of Non-Muscle Invasive Bladder Cancer (“NMIBC”).   The TLC-3200 PDT Laser System delivers green laser light, at a wavelength of 525 nanometers (“nm”), while the DFOC technology precisely monitors the laser light to provide a uniform distribution of the laser light energy, in the correct dosage, to the bladder wall.   Theralase, possessing both … Read More

Toronto, Ontario – October 13, 2016, Theralase Technologies Inc. (“Theralase®” or the “Company”) (TLT:TSXV) (TLTFF:OTC), a leading biotech company focused on the commercialization of medical devices to eliminate pain and the development of Photo Dynamic Compounds (“PDCs”) to destroy cancer, announced today that it has successfully demonstrated the ability of its lead Photo Dynamic Therapy (“PDT”) technology to increase survival by 575% for a very aggressive form of brain cancer, known as Glioblastoma Multiforme (“GBM”), in a rat model.   GBM, also known as glioblastoma and grade IV astrocytoma (malignant brain tumor made up of star-shaped cells), is the most common and most aggressive cancer that begins within the brain. GBM kills > 85% of those diagnosed within 5 years.   The National Cancer Institute (“NCI”) estimates that 22,850 adults (12,630 men and 10,280 women) were diagnosed with brain and other nervous system cancer in 2015. It also estimates that … Read More

Toronto, Ontario – October 5, 2016, Theralase Technologies Inc. (“Theralase®” or the “Company”) (TLT:TSXV) (TLTFF:OTC), a leading biotech company focused on the commercialization of medical devices to eliminate pain and the development of Photo Dynamic Compounds (“PDCs”) to destroy cancer, announced today an update on the status of an Investigational Testing Authorization (“ITA”) filed with Health Canada for approval to use its patent pending TLC-3200 Photo Dynamic Therapy (“PDT”) Laser System and TLC-3400 Dosimetry Fibre Optic Cage (“DFOC”) technology, in conjunction with its Clinical Trial Application (“CTA”) approved lead PDC, TLD-1433, in a Phase Ib clinical trial for the treatment of Non-Muscle Invasive Bladder Cancer (“NMIBC”). The TLC-3200 PDT Laser System delivers green laser light, at a wavelength of 525 nanometers (“nm”), while the DFOC technology precisely monitors the laser light to provide a uniform distribution of the laser light energy, in the correct dosage, to the bladder wall. Theralase … Read More