|
ACCESSWIRE TORONTO, ON / ACCESSWIRE / January 22, 2021 / Theralase® Technologies Inc. ("Theralase" or the "Company") (TSXV:TLT)(OTCQB:TLTFF), a clinical stage pharmaceutical company focused on the research and development of light activated Photo Dynamic Compounds ("PDC") and their associated drug formulations used to destroy various cancers, bacteria and viruses safely and effectively is pleased to announce that the Company has expanded its Intellectual Property ("IP") portfolio. Theralase® has been notified by its legal council that there have been 3 recent decisions to grant a patent: specifically, 1) Russian - Metal-Glycoprotein Complexes 2) Indian - Metal-Glycoprotein Complexes and 3) Chinese - Multiwavelength Photo Dynamic Therapy ("PDT"). The patent's entitled, "Metal-Glycoprotein Complexes and Their use as Chemotherapeutic Compounds" are critical in protecting Theralase®'s systemic and targeted anti-cancer therapies to allow PDCs and their associated drug formulations to be systemically injected to hunt and locate into cancer cells for various cancer conditions. Once located in the cancer cells of interest they can be activated by laser light or radiation to destroy the cancer cells safely and effectively. The patent entitled "Apparatus and Method for Multiwavelength Photo Dynamic Therapy" opens up new oncological applications, including targeting cancers that are difficult, if not impossible to reach with surgery, such as GlioBlastoma Multiforme ("GBM"), a deadly form of brain cancer, Non-Small Cell Lung Cancer ("NSCLC") or other deep tissue related cancers. The multiwavelength PDT system advances the clinical utility of PDT by expanding the volume of tissue able to be treated. By using various laser light sources to activate the PDCs at various depths in the target tissue simultaneously or sequentially to increase the overall destruction of the cancerous tissue. Arkady Mandel, M.D., Ph.D., D.Sc., Chief Scientific Officer, Theralase® stated that, "These patents are strategic to opening up new international opportunities for Theralase and its expanding platform of medical laser and oncology related technologies. They validate the proprietary IP position of the Company's anti-cancer technology for the Russian, Indian and Chinese healthcare markets, demonstrating Theralase's ongoing commitment to the development of a comprehensive IP portfolio. Our long-term strategy is to commercialize the anti-cancer technology that commenced with NMIBC and then expand into GBM, NSCLC, and other various cancer indications to provide a safe and effective alternative treatment option for patients inflicted with these deadly diseases. The ability to provide personalized treatment for cancer patients to hunt and destroy their cancer and prevent its recurrence, all in a single or dual treatment, remains at the forefront of our minds". |