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Theralase closes C$3.56M private placement to fund cancer drug development and clinical trials

Company Fundamentals
24 Aug 2026
Newsfile Corp
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Bullish
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Theralase Technologies has completed a brokered private placement, raising C$3.56 million by issuing 14.8 million units at C$0.24 each. The funds will support toxicology studies and clinical development of its cancer and antiviral drugs, including Rutherrin and Ruvidar, targeting cancers and herpes simplex virus. The company plans to advance regulatory filings and marketing approvals in Canada and the US. Insider participation and agent compensation were disclosed, with final listing approvals pending from the TSX Venture Exchange.

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