TORONTO, ON / ACCESSWIRE / MARCH 26, 2019 /Theralase Technologies Inc.
("Theralase®" or the "Company") (TSXV: TLT) (OTCQB:
TLTFF), a clinical stage pharmaceutical company dedicated to the research and development of light activated PhotoDynamic
Compounds ("PDC") and their associated drug formulations intended to safely and effectively destroy various
cancers is pleased to announce that the results of the Phase Ib clinical study will be presented at the 17th International
Photodynamic Association ("IPA") World Congress, to be held in Cambridge, Massachusetts from June 28th to July
4th, 2019.
IPA has been bringing together researchers and clinicians in all fields of PhotoDynamic Therapy ("PDT") and
PhotoDiagnosis ("PD") since 1986. Every two years, the IPA organizes a conference to foster scientific development
and contribute to clinical practice, ultimately capturing the current status of the field.
This year, Lother Lilge, Ph.D., Professor of Medical Biophysics at the University of Toronto, an esteemed PDT expert and a
member of the Medical and Scientific Advisory Board ("MSAB"), was elected to be a Co-Chairman of the Urology
Session at the Congress and has been invited to deliver a presentation entitled, "Improving the Safety and Efficacy of PhotoDynamic
Therapy of Bladder Cancer – Light Dosimetry Aspects of a Phase Ib Study Using Intravesical TLD-1433 (a Ruthenium
(II)-Based Photosensitizer) in Non-Muscle Invasive Bladder Cancer ("NMIBC") Patients". Dr. Lilge's presentation
will focus on the laser dosimetry utilized and clinical outcomes of the Study. In addition, Dr. Lilge will discuss applications of
Theralase's Anti-Cancer Technology ("ACT") to other cancers, as well as the potential for a combination of
Theralase's lead PDC, TLD-1433, with various physical therapeutic modalities.
Shawn Shirazi, Ph.D., CEO – Drug Division, Theralase stated "I'm delighted that the data pertaining to the Study has been
elected for the invited talk by the IPA. One of the advances and inventive steps of the TLD-1433 ACT in patients with NMIBC is the
ability to optimize the light delivery during the PDT process. I believe that controlling the PDT laser light energy during PDT
treatment could optimize the treatment outcome as it accounts for the patient-to-patient variability in bladder optical properties,
such as size, shape and reflectance. IPA has duly recognized the stellar results observed for TLD-1433 ACT in the Study and The
Company looks forward to commencing a Phase II NMIBC clinical study in Canada at the beginning of 2Q2019. The Company is thrilled
to be recognized and supported by the IPA for our ACT development, as well as the opportunity to have Dr. Lilge present the results
of the Study at the conference. Theralase's mandate is to continue advancing cutting-edge technologies with the potential for
improving the quality of life of cancer patients and pursuing commercialization of the Company's ACT."
About Theralase®Technologies Inc.
Theralase® is a clinical stage pharmaceutical company dedicated to the research and development of light activated
Photo Dynamic Compounds and their associated drug formulations intended to safely and effectively destroy various cancers.
Additional information is available at www.theralase.com and
www.sedar.com
This news release contains "forward-looking statements" which reflect the current expectations of
management of the Company's future growth, results of operations, performance and business prospects and opportunities. Such
statements include, but are not limited to, statements regarding the Company's proposed development plans with respect to Photo
Dynamic Compounds and their drug formulations. Wherever possible, words such as "may", "would",
"could", "should", "will", "anticipate",
"believe", "plan", "expect", "intend",
"estimate", "potential for" and similar expressions have been used to identify these
forward-looking statements. These statements reflect management's current beliefs with respect to future events and are based on
information currently available to management. Forward-looking statements involve significant risks, uncertainties and assumptions
including with respect to the ability of the Company to: adequately fund, secure the requisite regulatory approvals to commence and
successfully complete a Phase II NMIBC clinical study in a timely fashion and implement its development plans. Many factors could
cause the Company's actual results, performance or achievements to be materially different from any future results, performance or
achievements that may be expressed or implied by such forward-looking statements; including, without limitation, those listed in
the filings made by the Company with the Canadian securities regulatory authorities (which may be viewed at www.sedar.com). Should
one or more of these risks or uncertainties materialize or should assumptions underlying the forward looking statements prove
incorrect, actual results, performance or achievements may vary materially from those expressed or implied by the forward-looking
statements contained in this news release. These factors should be considered carefully and prospective investors should not place
undue reliance on the forward-looking statements. Although the forward-looking statements contained in the press release are based
upon what management currently believes to be reasonable assumptions, the Company cannot assure prospective investors that actual
results, performance or achievements will be consistent with these forward-looking statements. The Company disclaims any intention
or obligation to revise forward-looking statements whether as a result of new information, future developments or otherwise except
as required by law. All forward-looking statements are expressly qualified in their entirety by this cautionary statement.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchanges) accepts responsibility for the adequacy or accuracy of this release.
For More Information:
1.866.THE.LASE (843-5273)
416.699.LASE (5273)
Amelia Tudo
Investor Relations Coordinator
atudo@theralase.com
www.theralase.com
SOURCE: Theralase Technologies Inc.