The following is a summary of the Theralase Technologies Inc. (TLTFF) Q2 2024 Earnings Call Transcript:

Financial Performance:

• Theralase reported a revenue decrease of 35% year-over-year.

• The gross margin decreased to 33% of revenue, driven by an increase in material costs.

• Overall net loss reduced by 6% year-over-year due to decreased spending on research and development expenses.

• Successful financings were completed in Q4 2023 and Q1-Q2 2024, gathering a total of CAD 2.725 million.

Business Progress:

• Theralase is advancing in their Phase II clinical study for bladder cancer with a 63% complete response rate.

• Plans to initiate Phase I clinical studies for brain, lung, and blood-based cancers in 2025.

• Ongoing discussions for licensing, acquisition, partnering, and distribution agreements expected to conclude by mid to end of 2026.

Opportunities:

• Positive interim clinical data provides an opportunity for future regulatory approvals and commercial partnerships.

• Theralase technology presentation is highly appealing due to its efficacy, safety, and urology-led treatment strategy.

Risks:

• The company faces financial risk in needing to secure further funding to complete the Phase II clinical study and initiate additional clinical studies on various forms of cancer.

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