Bioasis Enters Into Research Collaboration With Janssen

NEW HAVEN, CONN., U.S.A., April 11, 2022 (GLOBE NEWSWIRE) -- BIOASIS TECHNOLOGIES INC. (TSXV:BTI.V; OTCQB:BIOAF), (the "Company or "Bioasis"), a biopharmaceutical company developing its proprietary xB3TM platform technology for the delivery of therapeutics across the blood-brain barrier (the "BBB"), announced today that it has entered into a research collaboration with Janssen Biotech, Inc., one of the Pharmaceutical Companies of Johnson & Johnson. Under the terms of the agreement, Janssen will have the option to research, develop and commercialize novel products based on Bioasis' xB3TM platform. The agreement was facilitated by Johnson & Johnson Innovation.

"The unique delivery method of the xB3TM platform has the potential to overcome a significant challenge in the treatment of brain disorders, which is the ability to cross the blood-brain barrier. We are very pleased to have entered into this agreement and excited to be working with Janssen. Our xB3TM BBB drug delivery platform has the potential to significantly advance the treatment of disease, solving a major unmet clinical need and improving the lives of patients," said Deborah Rathjen, Ph.D., Bioasis' Executive Chair.

On behalf of the Board of Directors of Bioasis Technologies Inc.
Deborah Rathjen, Ph.D., Executive Chair