Welcome to our dedicated page for Theralase Technologies news (Ticker: TLTFF), a resource for investors and traders seeking the latest updates and insights on Theralase Technologies stock.
Theralase Technologies Inc. reports company developments as a clinical-stage pharmaceutical developer of energy-activated small molecules for the destruction of cancer, bacteria and viruses. Its updates center on Ruvidar® (TLD-1433), including clinical and regulatory disclosures tied to non-muscle invasive bladder cancer and research into antiviral mechanisms such as HSV-1 inactivation.
Recurring announcements also cover operating and financial results, non-brokered private placements, line-of-credit financing, capital-structure disclosure, governance matters and development collaborations. The company’s news commonly links research progress with funding needs, regulatory pathways, intellectual-property considerations and commercialization risks for its small-molecule drug formulations.
Theralase Technologies released its Q3 2024 financial statements, reporting a 12% year-over-year decrease in total revenue. The company's gross margin was 47% of revenue ($290,848), with cost of sales at 53% ($332,136). The net loss for the nine-month period was $3,337,995, with the Drug Division representing 84% of this loss. The company completed multiple non-brokered private placements throughout 2024, raising approximately $3.9 million. In Study II clinical trials, 61.9% of evaluable patients achieved Complete Response, with 43.6% maintaining response for at least 12 months. The company plans to complete enrollment in 2025 and aims for FDA and Health Canada approval by end of 2026.
Theralase Technologies, a clinical stage pharmaceutical company, has closed a non-brokered private placement offering, issuing 2,221,334 Units at $CAN 0.30 per Unit for total gross proceeds of $CAN 666,400. Each Unit includes one common share and one warrant, with warrants exercisable at $CAN 0.45 per share for 5 years. The proceeds will support the ongoing Phase II Non-Muscle Invasive Bladder Cancer clinical study, preclinical research of Rutherrin, working capital, and general corporate purposes. The securities are subject to a four-month hold period expiring March 16th, 2025.
Theralase Technologies, a clinical stage pharmaceutical company focused on light, radiation, sound and drug-activated molecules for cancer and pathogen treatment, announced plans to extend the expiry date of 1,000,000 share purchase warrants. The warrants, originally issued on November 17, 2022, through a private placement, will be extended from November 17, 2024, to November 17, 2027. The warrants remain exercisable at $0.35 per share, with all other terms unchanged. The extension requires TSX Venture Exchange approval.
Theralase Technologies Inc. (TSXV:TLT)(OTCQB:TLTFF) has successfully closed a Non-Brokered Private Placement (NBPP) offering, issuing 2,720,000 Units at $CAN 0.20 per Unit for gross proceeds of $CAN 544,000. Each Unit includes one common share and one warrant, exercisable at $CAN 0.30 for 5 years. The proceeds will fund the ongoing Phase II Non-Muscle Invasive Bladder Cancer clinical study, Rutherrin® preclinical research, working capital, and general corporate purposes.
Additionally, the company has granted 12,340,000 stock options to directors, officers, and employees, exercisable at $CAN 0.25 per share, vesting over three years with a five-year expiration. The securities are subject to a four-month hold period, expiring on January 25th, 2024, and the offering awaits final TSX Venture Exchange acceptance.
Theralase Technologies Inc. (TSXV:TLT)(OTCQB:TLTFF), a clinical stage pharmaceutical company, has announced its proposal to extend the expiry date of 10,000,000 share purchase warrants. The warrants, originally issued on September 22, 2022, as part of a private placement, were set to expire on September 22, 2024. The company now proposes to extend this expiry date to September 22, 2027. These warrants are exercisable at $0.35 per share, and all other terms and conditions will remain unchanged. The extension is subject to final acceptance by the TSX Venture Exchange.
Theralase Technologies Inc. (TSXV:TLT)(OTCQB:TLTFF) has announced that its lead drug formulation, Ruvidar, has shown superior effectiveness in destroying the Herpes Simplex Virus 1 (HSV-1) compared to the current standard treatment, Acyclovir. In preclinical studies, Ruvidar demonstrated the ability to inhibit HSV-1 replication by over 10 million-fold, even when administered one day after infection. This breakthrough could lead to the development of novel broad-spectrum antiviral approaches for both prevention and treatment of various viral diseases. The company is now seeking partnerships and licensing opportunities for the commercial development of Ruvidar as a potential topical and oral treatment for herpes simplex.
Theralase Technologies Inc. (TSXV:TLT)(OTCQB:TLTFF) has announced that its lead drug formulation, Rutherrin, significantly enhances the efficacy of Cisplatin in chemotherapy-resistant Non-Small Cell Lung Cancer (NSCLC). In a preclinical study using the Lewis Lung Cancer (LLC1) orthotopic model, mice treated with a combination of Cisplatin and Rutherrin showed a significantly higher survival rate (p0.001) compared to those treated with Cisplatin alone or untreated.This breakthrough could potentially address the issue of chemotherapy drug resistance in cancer treatment. Theralase plans to commence clinical studies for brain cancer, lung cancer, and various blood-based cancers in 2025, pending sufficient capitalization and completion of Good Laboratory Practice toxicology analysis for Rutherrin.
Theralase Technologies Inc. (TSXV:TLT)(OTCQB:TLTFF) has made a significant breakthrough in cancer treatment. Their lead drug formulation, Rutherrin, can now be activated by Metformin, a common diabetes drug, without the need for light or radiation. This discovery allows for precise targeting of cancer cells anywhere in the body, including the brain.
Key findings include:
- Rutherrin combined with Metformin significantly increases Reactive Oxygen Species (ROS) production in Non-Small Cell Lung Cancer (NSCLC) cells
- The combination is even more effective when activated by radiation
- This new method could enable out-patient or in-home cancer treatments
- It potentially reduces treatment costs and burden on patients with mobility
Theralase plans to commence clinical studies for various cancers, pending regulatory approval.
Theralase Technologies Inc. (TSXV:TLT)(OTCQB:TLTFF) has released its 2Q2024 financial statements. Key highlights include:
- Total revenue decreased 35% year-over-year
- Gross margin decreased to 33% from 47% in 2023
- Net loss reduced by 6% to $2,400,461
- The company closed three non-brokered private placements, raising approximately $2.7 million
- 72 patients have been enrolled and treated in Study II for BCG-Unresponsive NMIBC CIS
- 63% of treated patients achieved Complete Response (CR)
- 44% of CR patients maintained response for at least 12 months
- The company plans to submit for FDA Break Through Designation in 3Q2024
Theralase aims to complete Study II enrollment by end of 2024 and seeks FDA and Health Canada approval by the end of 2026.
Theralase Technologies, a clinical stage pharmaceutical company, has successfully closed the first tranche of its Non-Brokered Private Placement (NBPP) offering. The company raised $CAN 775,000 by issuing 3,522,729 units at $CAN 0.22 per unit. Each unit includes one common share and one common share purchase warrant, allowing holders to acquire additional shares at $CAN 0.30 each for five years. Funds will support the Phase II Non-Muscle Invasive Bladder Cancer (NMIBC) clinical study, preclinical research of Rutherrin®, and general corporate purposes. The securities are under a four-month hold and await final acceptance from the TSX Venture Exchange.