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WINNIPEG, Manitoba, Oct. 03, 2024 (GLOBE NEWSWIRE) -- Kane Biotech Inc. (TSX- V:KNE; OTCQB:KNBIF) (“Kane Biotech”, “Kane” or the “Company”) announces that it is receiving advisory services and up to $75,000 in funding through the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP) to collaborate on a research and development project with a multinational corporate partner. The goal of the collaboration project is to develop a Proof-of Concept for its DispersinB® Wound Gel. Over a period of six months, Kane will be working closely on this project with one of the world’s largest wound care companies as its collaborator.
“DispersinB® is an elegant and potentially disruptive technology that is attracting a lot of attention from industry leaders. This funding will allow us to accelerate the development of our DispersinB® Wound Gel with the support of one of the largest wound care companies in the world, while simultaneously helping to level the playing field financially. We are looking forward to the outcome of the collaboration between these world-class teams of researchers, on this important project,” said Marc Edwards, President & CEO. “I would like to thank NRC IRAP for supporting Kane’s participation in this international collaboration project.”
In addition to this funding, Kane Biotech recently announced that it is receiving advisory services and up to $200,000 in research and development funding from NRC IRAP to support another project to further the development of three additional products to build on the Company’s revyve™ Antimicrobial Wound Gel technology.
About Kane Biotech
Kane Biotech Inc. is a biotechnology company engaged in the research, development and commercialization of technologies and products that prevent and remove microbial biofilms. Kane has a portfolio of biotechnologies, intellectual property (68 patents and patents pending, trade secrets and trademarks) and products developed by Kane's own biofilm research expertise and acquired from leading research institutions. DispersinB®, coactiv+™, coactiv+®, DermaKB™, DermaKB Biofilm™, and revyve™ are trademarks of Kane Biotech Inc. Kane is listed on the TSX Venture Exchange under the symbol "KNE" and on the OTCQB Venture Market under the symbol “KNBIF”.
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| Marc Edwards | Ray Dupuis |
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| Chief Executive Officer | Chief Financial Officer |
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| Kane Biotech Inc | Kane Biotech Inc |
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