Theralase Technologies Inc. V.TLT

Alternate Symbol(s): TLTFF

Healthcare Medical Devices

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.

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Theralase Technologies Inc. > Finance question

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Comment by skys1on Dec 03, 2021 9:34am

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Post# 34194158

RE:Finance question

DJDawg, the answer to your question is quite simple. They didn't renew the warrants and withdrew the Shelf was because they know they now have a funding source they didn't have before. My guess it's St Mikes/Unity Health, but keep in mind they have enough cash to get them through Ph 2, so it could be a while before we find out unless they file a new indication, which is a strong possibility. Then they would need additional funds.

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