biOasis Provides AGM Update -- Expanding The biOasis Deal Flow Pipeline

VANCOUVER, BC--(Marketwired - January 22, 2017) - BIOASIS TECHNOLOGIES INC. (OTCQB: BIOAF) (TSX VENTURE: BTI), a pioneering biopharmaceutical company focused on the delivery of therapeutic drugs across the blood-brain barrier (BBB), has provided a corporate update in advance of its Annual and Special Meeting of Shareholders to be held at 1780 - 400 Burrard Street, Vancouver, BC, on January 23, 2017 at 10:00 AM, PST.

2016 was a pivotal year for biOasis. Several initiatives and events contributed to the accelerated advancement of the commercialization of Transcend_pep, the company's breakthrough peptide-based platform technology for the transport of therapeutic drugs across the BBB.

Licensing Agreements -- Expanding the Deal Flow Pipeline

The depth and quality of the biOasis Deal Flow Pipeline has been significantly expanded and now consists of several projects in various stages of action or development. During 2016 the company announced licensing agreements with Astellas Research Institute of America LLC, and with Vaccinex Inc. In addition, three evaluation and validation studies are underway, and another five agreements are under active development. Still other pharmaceutical companies have completed their initial studies with biOasis, leaving them with decisions to be made about whether, when and in what manner they wish to advance their drug candidates through their internal clinical pipelines.

Pharmaceutical Industry -- Increased Confidence in biOasis

Several factors have contributed to the pharmaceutical industry's increased interest and confidence in biOasis and the Transcend Platform. U.S. patent No. 9,364,567, "Fragments of P97 and uses thereof," was issued to biOasis on June 14, 2016. This and other patents allow biOasis to readily provide the Transcend peptide's structural sequence of amino acids and diverse linkers to pharmaceutical companies with the confidence that biOasis's intellectual property will remain fully protected. For the pharmaceutical companies, the peptide and its patents open up markets for Transcend_pep-based fusion proteins and small molecule drugs that will also benefit from similarly strong intellectual property protection.