TORONTO, May 10, 2018 (GLOBE NEWSWIRE) -- Revive Therapeutics Ltd. ("Revive" or the
“Company”) (TSX VENTURE:RVV) (OTCQB:RVVTF), a company focused on the research, development and commercialization
of novel cannabinoid-based therapies, today announced the acceptance of an abstract for a poster presentation for the Company’s
cannabinoid delivery technology at the XXIX International Conference on Polyphenols and the 9th Tannin Conference
(“ICP + TC 2018”). The poster, entitled “Tannin-Chitosan composite materials for transdermal delivery of cannabidiol,”
detailing the results from the Company’s research project with the University of Wisconsin-Madison, will be available for viewing
during the poster sessions.
“We are pleased to have our cannabinoid delivery technology results presented at this year’s ICP + TC 2018
conference,” said Fabio Chianelli, President of Revive. “Revive is positioned to advance the development and commercialization of
novel cannabinoid delivery technologies and products offering licensed medical cannabis producers and pharmaceutical companies
unique opportunities in broad markets opportunities such as in inflammation, pain, dermatology, wound healing, and liver
disease.”
The XXIX International Conference on Polyphenols (“ICP”) and the 9th Tannin Conference (“TC”)
will be held July 16th through July 20th in Madison, Wisconsin. Groupe Polyphénols, founded
in 1972, is the world’s premier society of scientists in the fields of polyphenol chemistry, bioactivity, nutrition, industrial
applications, synthesis, and ecology. Every two years, Groupe Polyphénols hosts the ICP. The XXIX ICP will be the first
one to be held in the United States. In 2018, the ICP will also host the 9th Tannin Conference. After
the very successful joint meeting in 2014 in Nagoya, the Tannin Conference will continue this new tradition of meeting jointly with
the ICP. This conference coincides with the 30-year anniversary of the first North American Tannin Conference, held in Port
Angeles Washington in August 1988.
About the Cannabinoid Delivery Technology
The delivery technology aims to deliver both synthetic cannabinoids and natural extracts of cannabis in a
potential number of ways such as topical gels, creams or ointments, oral or transdermal patches, and oral dosages. The
delivery technology is a natural, non-toxic, biodegradable and biocompatible composite that combines a tannin material, which is
derived from a plant group having antibacterial, antifungal, antioxidant and wound healing properties, and a chitosan material,
which is derived from the crustacean group having blood-clotting and antimicrobial properties. The delivery technology has
rapid onset of action and controlled or sustained release potential capabilities and may allow to combine multiple cannabinoids or
cannabis extracts in one formulation. The Company seeks to develop novel products that target multi-billion dollar market
opportunities such as inflammation, pain (i.e. neuropathic, joint pain), dermatology (i.e. acne, psoriasis), wound healing
applications (i.e. battle wounds, scarring), and liver diseases.
About Revive Therapeutics Ltd.
Revive Therapeutics Ltd. (TSX VENTURE:RVV) (OTCQB:RVVTF) is focused on the research, development and commercialization of novel
cannabinoid-based therapies. Additional information on Revive is available at www.ReviveThera.com.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the
TSX-V) accepts responsibility for the adequacy or accuracy of this release.
This news release includes certain information and statements about management's view of future
events,
expectations, plans and prospects that constitute "forward-looking information" that involves known and unknown risks and
uncertainties, which are not comprised of historical facts, and most of which are beyond the control of Revive. Forward-looking
statements include estimates and statements that describe Revive’s future plans, objectives or goals, including words to the effect
that Revive or its management expects a stated condition or result to occur. Forward-looking statements may be identified by such
terms as "believes", "anticipates", "intends", "expects", "estimates", "may", "could", "would", "will", or "plan", and similar
expressions. Specifically, forward-looking statements in this news release include, without limitation, statements
regarding: the granting of a patent for Bucillamine for the treatment of gout; the potential efficacy and commercial viability
of Bucillamine for treatment of gout and Bucillamine for the treatment of Cystinuria; expansion of the Bucillamine clinical testing
program; the Company's drug research and development, and commercialization plans; the Company’s research, development and
commercialization plans for plant-based therapies, including cannabinoids; the Company’s cannabinoid delivery technology; the
Company’s license agreement with Wisconsin Alumni Research Foundation; the Company’s cannabinoid-based product
pipeline; the timing of operations; and estimates of market conditions. These statements involve known and unknown risks,
uncertainties, and other factors that may cause actual results or events, performance, or achievements of Revive to differ
materially from those anticipated or implied in such forward-looking statements. Since forward-looking statements are based on
assumptions and address future events and conditions, by their very nature they involve inherent risks and
uncertainties. The Company believes that the expectations reflected in these forward-looking statements are
reasonable, but there can be no assurance that actual results will meet management's expectations. In formulating the
forward-looking statements contained herein, management has assumed: that business and economic conditions affecting Revive will
continue substantially in the ordinary course and will be favourable to Revive; that clinical testing results will justify
commercialization of the Company's drug candidates; that Revive will be able to obtain all requisite regulatory approvals to
commercialize its drug candidates; that such approvals will be received on a timely basis; and, that Revive will be able to find
suitable partners for development and commercialization of its drug repurposing candidates on favourable terms. Although these
assumptions were considered reasonable by management at the time of preparation, they may prove to be incorrect and no
assurance can be given that such events will occur in the disclosed time frames or at all.
Factors that may cause actual results to differ materially from those anticipated by these forward-looking
statements include: uncertainties associated with obtaining regulatory approval to perform clinical trials and market products; the
need to establish additional corporate collaborations, distribution or licensing arrangements; the Company's ability to raise
additional capital if and when necessary; intellectual property disputes; increased competition from pharmaceutical and
biotechnology companies; changes in equity markets, inflation, and changes in exchange rates; and other factors as described in
detail in Revive's Management's Discussion & Analysis for the period ended June 30, 2017 and Revive's other public filings, all of
which may be viewed on SEDAR (www.sedar.com). Given these risks and uncertainties, readers are cautioned not to place
undue reliance on such forward-looking statements and information, which are qualified in their entirety by this cautionary
statement. Except as required by law, Revive disclaims any intention and assumes no obligation to update or revise any
forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in
assumptions, changes in factors affecting such forward-looking statements or otherwise.
Contact:
Revive Therapeutics Ltd.
Craig Leon
Chief Executive Officer
Revive Therapeutics Ltd.
Tel: (416) 272-5525
Email: craig@revivethera.com
Website: www.ReviveThera.com