Toronto, Ontario –January 29, 2013 -- Theralase Technologies Inc.
(TSX-V: TLT) is pleased to announce that effective January 15, 2013, Michael Jewett
MD, FRCSC, FACS has elected to join its Medical and Scientific Advisory Board.
Dr. Michael
Jewett is currently a Professor of Surgery in the Division of Urology at the
University of Toronto, a member of the Department of Surgical Oncology at Princess
Margaret Cancer Centre and of the Division of Urology at the University Health
Network. He is well known for his contributions in the fields of technology
assessment and image guided therapy, especially for minimally invasive
treatment of kidney and bladder cancer. He is
internationally known for his contributions in the fields of bladder, testis
and kidney cancer fundamental and clinical research. For his valued contributions
to the uro-oncology field, in 2008, Dr. Jewett was awarded the Wyeth/CIHR
Rx&D Clinical Research Chair in Oncology. He also holds the Farquaharson
Chair for Kidney Cancer Research.
Dr. Jewett has
been the Principal Investigator/Co-Principal Investigator on over 60 Phase
I-Phase III clinical trials and the Lead Principal Investigator of several Cooperative
Group Trials. These clinical trials have primarily been focused on proving the
safety, efficacy and clinical benefits of technology in the destruction of cancer,
with the ultimate gain of achieving Health Canada or FDA clinical approval.
He has recently
served as Chairman of the Division of Urology at the University of Toronto and
of Urology at the University Health Network, which incorporates the Princess
Margaret Cancer Centre, one of the world's leading cancer centres. He is a
recent Past-President of the Canadian Urology Association and a member of many
urological and surgical oncology societies; including the Scientific
Advisory Board of the Bladder Cancer Advocacy Network, the Medical Advisory and
Research Board of Bladder Cancer Canada, and Chair of the CIHR funded Kidney
Cancer Research Network of Canada. Dr. Jewett has
been recognized for his lifetime achievements and contributions to Urology by the
Canadian Urological Association, the American Urological Association, the
Societe Internationale d’Urologie and the Society of Urologic Oncology.
Dr. Jewett
stated, “I have been very impressed with the expertise of the Theralase team
and with the significant opportunity their Photo Dynamic Compounds (PDCs)
present in the field of bladder cancer treatment. I look forward to working
with them closely in their quest to commercialize their PDC technology to the ultimate
benefit of bladder cancer patients, when the unmet need remains so great”.
Roger Dumoulin-White, President and CEO,
Theralase Technologies Inc. stated that, “We are elated to have someone of Dr.
Jewett’s calibre join Theralase’s Medical and Scientific Advisory Board to lead
our bladder cancer clinical research program. He has been actively engaged in clinical
cancer research and will prove to be an invaluable resource for helping to
design our clinical protocols, in conjunction with our research team, as we
focus on our lead target, bladder cancer. With Dr. Jewett’s expert guidance, we
are confident that we will be able to complete the steps necessary to commence
FDA Phase 1 human clinical trials in 2013 with our lead Photo Dynamic Compound
(PDC), where we will demonstrate that Theralase possesses a highly effective
and safe alternative treatment option to patients, suffering from non-muscle
invasive bladder cancer. Based on the
clinical success of the PDC technology in FDA Phase 1 human clinical trials,
Theralase is expected to be granted FDA “Fast Track” designation allowing an
expedited priority review and approval process.”
According to the FDA, “Fast Track” is
a process designed to facilitate the development and expedite the review of
drugs to treat serious diseases and fill an unmet medical need. The purpose is
to get important new drugs to the patient earlier.
About
Theralase Technologies Inc.:
Theralase Technologies Inc., founded in 1995, designs, develops,
manufactures and markets patented, superpulsed laser technology utilized in
biostimulation and biodestruction applications. Theralase technology is safe
and effective in treating pain, inflammation and for tissue regeneration of
neural muscular skeletal conditions and wound healing. Theralase is currently
developing patented Photo Dynamic Compounds (PDCs) that are able to target and
destroy cancers, bacteria and viruses when light activated by Theralase’s
proprietary and patented laser technology.
For further information please
visit www.theralase.com , regulatory
filings may be viewed by visiting www.sedar.com.
This press release contains forward-looking statements, which reflect
the Company's current expectations regarding future events. The forward-looking
statements involve risks and uncertainties. Actual results could differ
materially from those projected herein. The Company disclaims any obligation to
update these forward-looking statements.
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:
Roger Dumoulin-White
President & CEO
416-694-7246 ext. 225
rwhite@theralase.com
Kristina Hachey
Chief Financial Officer
416-694-7246 ext. 224
khachey@theralase.com
Arkady Mandel
Chief Scientific Officer
416-694-7246 ext. 242
amandel@theralase.com
Greg Bewsh
Director of Investor Relations
416-694-7246 ext. 262
gbewsh@theralase.com