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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

Comment by plantraderon Jul 05, 2024 3:32pm
211 Views
Post# 36120346

RE:RE:End of Q3

RE:RE:End of Q3From May 30th 2024:
"The Company plans to resubmit the pre-BTD submission to the FDA in 2Q2024/3Q2024 for FDA review of these clarifications. Once the pre-BTD submission has been accepted by the FDA, the Company will compile a BTD submission for review by the FDA in support of the grant of a BTD approval."

In trying to connect the invisible ink dots: This stated timeline means they have until the end of Sept 2024 just to submit the pre-BTD to the FDA. Since they can't account for when the pre-BTD will actually be submitted, and how long the FDA will take to review it, and/or what they might additional ask for (or not), and then how long it'll take to compile the officical BTD package for submission after that... I don't think they can say. Which is why they didn't give the timeline specificallty for BTD. Too many variables IMO. But from the above, it does seem like a safer bet that BTD approval isn't likely until 1Q 2025. Especially since FDA has 60 days to review and respond to the official BTD submission if I recall correctly.
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