- Delivers
effective, non-invasive, pain free skin care through its proprietary
thermal therapy device technology
- Products
approved by FDA and Health Canada as Class II medical devices
- Current
product InterceptCS™ treats cold sores by application of controlled
topical heat with no risk of burning the skin
- Current
product TherOZap™ relieves pain, itch and inflammation of more than 20,000
types of insect and marine life bites and stings
- Future
product now in R&D will incorporate thermal therapy device with medical
cannabis or CBD gel, cream or salve
- Completed
full IP review of patents, trademarks, and regulatory approvals for
thermal therapy technology
- Global
cosmeceuticals market projected to be worth more than $80 billion by 2023
Therma Bright, Inc. (TSX.V: THRM) (OTC: THRBF) is a medical
device technology provider focused on addressing dermatological needs in the
multi-billion-dollar cosmeceutical industry. The company’s effective,
non-invasive and pain-free skin care is based on proprietary technology which has
received Class II medical device status from the U.S. Food and Drug
Administration.
Therma Bright’s portfolio includes products, devices and
treatments that have both cosmetic and medicinal or therapeutic benefits, such
as for relief of pain, itch and inflammation resulting from more than 20,000
types of insect and marine life bites and stings, including bees, wasps,
hornets, mosquitos, black flies and jellyfish.
The Company’s current focus is to market its products online
through various social media networks, and to eventually re-establish
relationships with major North American and Global retailers.
Products
The company currently has two products on the market and
another in the research and development phase:
InterceptCS™ is a thermal therapy device for the treatment
and prevention of cold sores caused by the herpes simplex Type 1 virus*.
Symptoms typically include sores around the mouth and lips which InterceptCS™
treats by application of controlled topical heat with no risk of burning the
skin. When used at the first sign of an oncoming cold sore application of
InterceptCS™ can prevent symptoms from developing. Infrared energy and light
from the device penetrate the skin killing cells infected with the virus.
InterceptCS™ is available without prescription and comprises
a battery powered ergonomic hand-held unit and a disposable single-use
treatment activator. Therma Bright has completed prototyping of multi-use
activators for InterceptCS™. The company plans to bring to market 5, 10 or 20
multi-use activations at prices that will offer customers greater value than
the current single-use activator.
The other Therma Bright product currently under development
is TherOZap™, a next generation thermal therapy device powered by the company’s
core technology, which is approved by the FDA as a Class II medical device for
the relief of the symptoms of insect bites. Therma Bright is testing a new
easier-to-use prototype of the device for effectiveness against Zika virus and
other diseases carried by mosquitos. Once the technology proves effective,
Therma Bright intends to seek regulatory approvals and extend the prototype
enhancements to a new commercial version of TherOZap™.
Cannabis
Therma Bright is also conducting research and development on
a unique thermal therapy device that would incorporate medical grade cannabis
or cannabidiol (“CDB”) sourced from hemp as a cream or gel to provide relief of
back, knee and other joint pain. In preparation, the company has incorporated a
wholly owned subsidiary to hold any technology for use or application of
cannabis. Once approvals are secured, the company plans to sell the device
through licensed cannabis producers or retailers across Canada and in
international markets where use of cannabis has been legalized. The company has
initiated trademark and patent protection for its thermal therapy technology
incorporating medical cannabis. Therma Bright has indicated it will seek an
acquisition to help further development of this product.
Market Opportunity
A report by market intelligence firm Mordor Intelligence put
the global cosmeceuticals market at a value of nearly US$47 billion in 2017 and
projects it to be worth more than $80 billion by 2023, growing at a rate of
almost 9.5 percent annually. Medical research estimates that somewhere between
20 percent and 40 percent of the population suffer occasional cold sore
outbreaks. In Canada those figures would mean five to 10 million people, and in
the U.S. some 40 million to 80 million, with recurring cold sores, representing
a substantial potential market for Therma Bright.
Management
Rob Fia serves as Therma Bright chairman and CEO. Fia has
extensive contacts in the investment community and the financial sector as well
as knowledge of various Canadian stock exchange listing processes and
requirements. His 18 years in the investment business has included equity
research and advising promising early stage companies on corporate finance.
Therma Bright CFO Victor Hugo is a senior financial analyst at Marrelli Support
Services Inc., for which he provides CFO, accounting, regulatory compliance,
and management advisory services to companies listed on the TSX, TSX Venture
Exchange and other Canadian and US exchanges.
**Based on double blind placebo study, the InterceptCS™ is
approved by Health Canada for the claim “For prevention of cold sores when used
within 3 hours of the onset of the prodrome.” The InterceptCS™ is not approved
by the United States FDA or any claim of clinical indication, clinical
efficacy, and/or cure or prevention of disease.
For more information, visit the company’s website at www.ThermaBright.com
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