healing Biotechnology Announces Good Laboratory Practice (GLP) Toxico…

National Eye Institute (NEI) to Collaborate with healing Biotechnology under Cooperative Research and Development Agreement (CRADA)

Boca Raton, FL, May 03, 2022 (GLOBE NEWSWIRE) — healing Biotechnology, Inc. (OTC: CUBT) (“healing Biotech” or the “Company”), a development-stage biomedical company focused on novel treatments for scarce diseases and conditions, announced today the company has progressive into its Good Laboratory Practice (GLP) toxicology study.

The current study is designed to gauge tolerability, pharmacokinetics and any local or systemic toxicity of reformulated metformin when administered by topical ocular delivery. The study will also estimate its ocular tissue dispensing.

The Good Laboratory Practice (GLP) toxicology study is a requirement for an FDA Investigational New Drug (IND) filing.

Ocular tolerance includes observations at dosing, general clinical observations twice daily (evaluation of behavior/clinical signs with particular attention paid to the eyes), ophthalmic examinations by a Board-certified veterinary ophthalmologist according to the alternation Hackett-McDonald scoring extent, and ocular histopathology.

Under a Cooperative Research and Development Agreement (CRADA), the National Eye Institute (NEI) and healing Biotechnology, Inc. will collaborate to estimate healing’s proprietary ocular metformin formulation in clinical studies for the treatment of intermediate and late-stage Age-Related Macular Degeneration (AMD) disease.

Future healing Biotechnology Press Releases and Industry Updates

Interested investors and shareholders will receive press releases and industry updates by sending an e-mail to [email protected].

About healing Biotechnology, Inc. http://curativebiotech.com

healing Biotechnology, Inc. (healing Biotech) is a development stage biomedical company focused on novel therapies for scarce diseases. The Company is focused on identifying, acquiring and developing disease modifying therapeutic drug candidates with a concentration on scarce disease indications. healing Biotech has current programs in three different therapeutic areas: infectious disease, neuro oncology and degenerative eye disease. The Company’s pipeline includes IMT504, CURB906 and Metformin Reformulation. IMT504 is a novel immune therapy to treat rabies and an adjuvant for vaccines, CURB906 is a fully humanized CD56 monoclonal antibody carrying a cytotoxic drug conjugate directly to the tumor cancer site to kill the tumor by inhibiting tumor growth and migration of the tumor. Metformin Reformulation is targeting the treatment of intermediate and late-stage Age-Related Macular Degeneration (AMD) disease.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. CUBT is not however generating revenues. Although forward-looking statements in this release mirror the good faith judgment of management, forward-looking statements are inherently placed under known, unknown risks and uncertainties that may cause actual results to be materially different from those discussed in these forward-looking statements, including but not limited our ability to generate sufficient market acceptance for our products and sets, our ability to generate sufficient operating cash flow, and general economic conditions. Readers are urged to carefully review and consider the various disclosures made by us in our reports filed with OTC Markets now and then which attempt to advise interested parties of the risks and factors that may affect our business, financial condition, results of operation and cash flows. If one or more of these risks or uncertainties materialize, or if the inner assumptions prove incorrect, our actual results may vary materially from those expected or projected. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. We assume no obligation to update any forward-looking statements in order to mirror any event or circumstance that may arise after the date of this release.

Contact:
Steve Chizzik
Investor Relations
healing Biotech (CUBT)
201-454-5845
[email protected]

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