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Theralase Technologies Inc. V.TLT

Alternate Symbol(s):  V.TLT.W | TLTFF

Theralase Technologies Inc. is a Canada-based clinical-stage pharmaceutical company. The Company is engaged in the research and development of light activated compounds and their associated drug formulations. The Company operates through two divisions: Anti-Cancer Therapy (ACT) and Cool Laser Therapy (CLT). The Anti-Cancer Therapy division develops patented, and patent pending drugs, called Photo Dynamic Compounds (PDCs) and activates them with patent pending laser technology to destroy specifically targeted cancers, bacteria and viruses. The CLT division is responsible for the Company’s medical laser business. The Cool Laser Therapy division designs, develops, manufactures and markets super-pulsed laser technology indicated for the healing of chronic knee pain. The technology has been used off-label for healing numerous nerve, muscle and joint conditions. The Company develops products both internally and using the assistance of specialist external resources.


TSXV:TLT - Post by User

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Post by GRAMPS1996on Dec 13, 2016 9:29pm
151 Views
Post# 25595787

Scott Gottlieb now also in the running for Trump’s FDA pick

Scott Gottlieb now also in the running for Trump’s FDA pickScott Gottlieb now also in the running for Trump’s FDA pick

It seems that president elect Donald Trump wants an investor as the next FDA commissioner, as Dr. Scott Gottlieb, a partner at one of the world's largest venture capital funds, is also now rumored by Reuters to be on his short-list for the top job.

This will likely be a relief for some as last week Jim O’Neill, the managing director at Peter Thiel’s tech investment firm Mithril, was also said to be a candidate by Bloomberg news.

But while libertarian O’Neill has no scientific or research background (and believes the FDA could do with some major reform), Dr. Gottlieb was formerly the deputy commissioner of the FDA, and a more traditional candidate.

He’s now a venture partner at New Enterprise Associates but given his background, would fit more easily into what would be expected at the FDA. As with many within the FDA over the years, Dr. Gottlieb's ties to biopharma run deep, given that he sits on the boards of a number of co's, consulting with others, such as GlaxoSmithKline.

The current commissioner, Dr. Robert Califf, will soon resign from his post given that there will be a new president next month.

Trump can decide to accept his resignation, and thus choose his own candidate, or reject it, keeping Dr. Califf in position. However, this is appearing increasingly unlikely, given the names being bandied about have not yet included his own.

O’Neill appears to dovetail more with Trump’s picks across other departments, such as Scott Pruitt, who is line to run the EPA despite being a climate change denier, and is set if confirmed to cause a radical shake up of its philosophy.

This is the tone already being set by Trump’s upcoming presidency, a man who won the election promising major change across the country and its departments.

O’Neill has previously stated that he would like to see faster approvals based predominately on safety, with efficacy sorted out after drugs have been approved. This would go against the fundamental principles of the FDA, and it remains to be see just how that would be implemented under its current rules.

The Cures Act, however, which was voted in last week is already edging toward this, with a new package deisgned to help speed up approvals for new drugs and medical devices. Trump too has already said in a brief update this he wants to “reform the FDA,” although how and when has not been made public as yet.


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