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Theralase Technologies Inc. V.TLT

Alternate Symbol(s):  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

Post by Oden6570on Jan 08, 2021 5:03am
197 Views
Post# 32251802

Hint Hint Management ! While others expedite we crawl !

Hint Hint Management ! While others expedite we crawl !

Another COVID- 19 vaccine developer gets help from big pharmaceutical company

 

BERLIN— Chemicals and pharmaceuticals giant Bayer AG is joining forces with Germany’s CureVac NV to support the biotech firm in its development of aCovid- 19 vaccine.

Under the deal, Bayer, best known for its aspirin, will support CureVac with expertise in drug development and infrastructure, including supporting clinical work, regulatory affairs and supply- chain management, the two companies said. The partnership is part of a now- familiar pattern in which big pharmaceutical companies have swooped in to help smaller players with promising Covid19 vaccine candidates.

Pfizer Inc. and Germany’s BioNTech SE co- developed the first Western- made vaccine to make it to market.

AstraZeneca PLC, meanwhile, teamed up with the University of Oxford on a vaccine now being rolled out in the U. K., India and other markets.

Such partnerships can allow smaller firms to move from development and testing to more complicated and expensive human trials necessary to gauge a vaccine’s effectiveness and safety. Should a vaccine work, a big pharmaceutical company’s deep pockets and expertise in manufacturing and distribution is crucial to rolling it out on a large scale.

A CureVac spokesman said production isn’t part of the Bayer agreement but that Bayer is testing whether it can also support CureVac with manufacturing capacities.

Bayer, which is fighting a protracted legal battle in the U. S. over its Roundup herbicides, focuses its drug development mostly on cancer, women’s health and cardiovascular diseases and is currently expanding its gene- therapy business. Vaccines, however, aren’t a specialty.

CureVac, based in the southern German state of Baden-Wrttemberg, last month started a late- stage clinical trial of its Covid- 19 vaccine candidate, called CVnCoV. It expects results by the end of the first quarter.

CureVac is backed by German biotech investor Dietmar Hopp, the German government and the Bill & Melinda Gates Foundation. Drug giant GlaxoSmithKline PLC in July also acquired a10% stake.

In March, the German government accused the Trump administration of trying to lure CureVac to the U. S.

The company uses the same gene- based technology used in the vaccine by Pfizer and BioNTech and one by Moderna Inc.

The CureVac effort’s timeline is significantly behind those other vaccines. But soaring infection rates and a slow start to vaccination drives— in part blamed on initially low supplies— has underscored the continued need for new shots.

Franz- Werner Haas, chief executive of CureVac, said Bayer’s expertise and infrastructure will help make its vaccine “even more rapidly available to as many people as possible.”

CureVac aims to produce up to 300 million doses of the vaccine in 2021 and up to 600 million in 2022. The European Commission, the executive arm of the European Union, has secured 405 million doses of the vaccine if it gets regulator approval.

Financial terms of the deal with Bayer weren’t disclosed. CureVac will distribute and sell the vaccine in Europe, if approved, but Bayer will have options to market the shot elsewhere.


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