Theralase Technologies Inc. (
TSX: T.TLT,
Stock Forum) rose 37% to 42 cents Thursday. The biotech firm said it has discovered that its lead anti-cancer drug, TLD-1433, emits a fluorescent signature when light activated in a Non-Muscle Invasive Bladder Cancer (NMIBC) animal model.
There are a number of advantages to this discovery,
the company said in a press release.
- It can be used as a diagnostic tool for the oncologist to detect the presence of cancer cells and micro-metastases too small to be seen by the human eye.
- It can be used to determine sufficient uptake of TLD-1433 into the cancer cells.
- After light activation, it can determine if the cancer cells that have absorbed the drug have been destroyed.
Theralase is a leading biotechnology manufacturer focused on commercializing technologies to eliminate pain and destroy cancer. The company said it intends to use this new discovery in the treatment of NMIBC.
Alabama Graphite Corp. (
TSX: V.ALP,
Stock Forum) advanced 7.4% to 29 cents after the company said it has found additional naturally occurring graphene derivatives at its Coosa property in Alabama.
“These types of graphene-based derivatives are valued because they exhibit unique electrical, optical, mechanical, and thermal properties,”
the company said in a press release.
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