Devonian Health Group Announces 2018 Annual General Shareholder’s Meeting

QUEBEC – December 20, 2018  – Devonian Health Group Inc. (“Devonian” or the “Corporation”) (TSXV: GSD), a clinical stage biopharmaceutical corporation focused on developing a unique portfolio of botanical prescription drugs and cosmeceutical products, today announced that its Annual General Shareholders’ Meeting will be held on Tuesday, January 29, 2019 at 15:30 p.m. EST at Château Bonne Entente, 3400 Chemin Sainte-Foy, City of Québec, Québec.

Devonian also announced that it has set Monday, December 24th, 2018 as the record date for determining shareholders of the company who are entitled to receive notice of, and to vote at, the meeting. Shareholders should expect to receive the company’s proxy statement and related materials in early January 2019.

About Devonian

Devonian Health Group Inc. is a late stage botanical pharmaceutical corporation with novel therapeutic approaches to targeting unmet medical needs. Devonian’s core strategy is to develop prescription botanical drugs from plant materials and algae for the treatment of inflammatory-autoimmune diseases including but not limited to ulcerative colitis and atopic dermatitis. Based on a foundation of over 15 years of research, Devonian’s focus is further supported by a US-FDA set of regulatory guidelines favouring a more efficient drug development pathway for prescription botanical drug products over those of traditional prescription medicines. Devonian is also involved in the development of high-value cosmeceutical products leveraging the same proprietary approach employed with their pharmaceutical offerings.  Devonian Health Group Inc. was incorporated in 2013 and is headquartered in Québec, Canada where it owns a state-of-the art extraction facility with full traceability ‘from the seed to the pill’. Their recently acquired commercialization partner, Altius Healthcare Inc., brings opportunities for further diversification and growth potential. Devonian is traded publicly on the TSXV Exchange (TSXv:GSD).

For more information about Devonian Health Group Inc., visit www.groupedevonian.com

Forward Looking Statements

This press release contains forward-looking statements about Devonian’s objectives, strategies and businesses that involve risks and uncertainties. These statements are “forward-looking” because they are based on our current expectations about the markets we operate in and on various estimates and assumptions. Actual events or results may differ materially from those anticipated in these forward-looking statements if known or unknown risks affect our business, or if our estimates or assumptions turn out to be inaccurate. Such risks and assumptions include, but are not limited to, Devonian’s ability to develop, manufacture, and successfully commercialize value-added pharmaceutical and dermo-cosmeceutical products, the availability of funds and resources to pursue R&D projects, the successful and timely completion of clinical studies, the ability of Devonian to take advantage of business opportunities in the pharmaceutical and dermo-cosmeceutical industries, uncertainties related to the regulatory process and general changes in economic conditions. You will find a more detailed assessment of the risks that could cause actual events or results to materially differ from our current expectations in Devonian’s prospectus dated April 21st, 2017 under the heading “Risk Factors” related to Devonian’s business. As a result, we cannot guarantee that any forward-looking statement will materialize. We assume no obligation to update any forward-looking statement even if new information becomes available, as a result of future events or for any other reason, unless required by applicable securities laws and regulations.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact:

Dr. André P. Boulet, PhD
President and Chief Executive Officer
Devonian Health Group Inc.
Telephone: (514) 248-7509
e-mail: apboulet@groupedevonian.com

The post Devonian Health Group Announces 2018 Annual General Shareholder’s Meeting appeared first on DEVONIAN HEALTH GROUP INC..

Devonian Health Group announces the recognition of Sybil Dahan, President of Altius Healthcare, as inductee into the 2018 Canadian Healthcare Marketing Hall of Fame.

Quebec, Quebec – November 12, 2018 – Devonian Health Group Inc. (“Devonian” or the “Corporation”) (TSXv: GSD), a clinical stage botanical pharmaceutical corporation focused on developing a unique portfolio of botanical prescription drugs and cosmeceutical products, announces the recognition of Sybil Dahan, President of Altius Healthcare – commercial division of Devonian – as an inductee into the 2018 Canadian Healthcare Marketing Hall of Fame.

The 2018 Annual Canadian Healthcare Hall of Fame Inductees, including Sybil Dahan of Altius Healthcare, were honored at a Gala Luncheon, on Wednesday October 24 at the Mississauga Convention Centre. The Healthcare Awards luncheon followed the Annual National Pharmaceutical Congress.

The Hall of Fame was established, by The Chronicle of Healthcare Marketing™ publication, to honor healthcare marketers who have contributed to the Pharmaceutical Marketing avocation and are an inspiration to others. “Sybil Dahan is a visionary and energetic senior level leader who effectively manages all aspects of commercial operations and has lead teams to levels of performance that they never thought were possible. We are excited she is now a key contributor within Devonian’s senior management and on behalf of the entire team, I would like to extend the warmest congratulations for this recognition of her contributions to Healthcare Marketing in Canada.” said Dr. André P. Boulet, President and Chief Executive Officer of Devonian.

Nominations for the 2018 selection of honorees were solicited during the past months from the publications’ readers and the finalists were chosen from this field of deserving candidates, but stand for, in the view of the selection committee, a representative cross-section of the qualities that make this business unique and fulfilling. “I am earnestly grateful for the recognition. Nothing is more humbling as gratifying than to be recognized by a group of peers. It is an even greater honor to be placed in such distinguished ranks as those of the past honorees, many of whom have been colleagues at one time or another, all of whom have made important contributions to our Industry in Canada.” said Sybil Dahan, President of Altius Healthcare – commercial division of Devonian Health Group Inc.

About the Altius Healthcare acquisition

Devonian is pleased to announce the closing of the acquisition of all of the issued and outstanding shares of Altius Healthcare Inc., as all pre-vesting conditions have been met or waived by Devonian.

“The acquisition brings strong sales and marketing skills to Devonian, allowing Devonian to position itself for continued growth and value to our shareholders,” said Dr. André P. Boulet, President and Chief Executive Officer of Devonian.

Grant of Options

Devonian also announces that on April 6, 2018, the Board of Directors approved the grant of 250,000 options (the “Options”) to certain directors and consultants of the Corporation. Each option entitles the holder to acquire one subordinate voting share in the capital of the Corporation at a price of $ 1.20 per subordinate voting share for a period of five years beginning on April 6, 2018.

Options are granted pursuant to the terms and conditions of the Corporation’s current stock option plan and may be exercised immediately.

About the Canadian Healthcare Marketing Hall of Fame

The Chronicle of Healthcare Marketing™ has conducted the Canadian Healthcare Marketing Hall of Fame program since 2002. This program was conceived by the publication’s staff as a means of providing formal recognition of the leadership provided by individuals who have had extraordinary influence on the business. The criteria for Nominees are described as follows: Healthcare marketing professionals who, consistently through their careers in Canada, in the pharmaceutical, biotechnology, medical device/supply industries, or organizations which supply those industries (such as communications, educational services, advertising and marketing services) have made a lasting impact on others; or served as a source of inspiration; or have demonstrated extraordinary dedication and commitment to the humane principles inherent in our profession. The Hall of Fame selections committee evaluates nominations based on the number of nominations received for a particular nominee, the rationale for the nomination, the length of industry service by the nominee, and the number of times that a nominee has been proposed since the inception of the program. Chosen Honorees stand for, in the view of the selection committee, a representative cross-section of the qualities that make our business unique and fulfilling.

For more information visit www.pharmacongress.info/hall-of-fame/

About Altius Healthcare Inc.

Based in Concord, Ontario, Altius Healthcare is a specialty pharmaceutical company with a primary focus of acquiring and in-licensing safe and innovative medicines and healthcare products designed to help people of all ages live healthier lives. Altius then leverages its expertise in the commercialisation activities required to successfully launch and distribute these medicines in Canada. The team’s diverse experience and expertise draws from nearly 40 years of producing, importing, marketing and distributing branded and generic medicines.

For more information, visit www.altiushealthcare.ca

About Devonian

Devonian Health Group Inc. is a late stage botanical pharmaceutical corporation with novel therapeutic approaches to targeting unmet medical needs. Devonian’s core strategy is to develop prescription botanical drugs from plant materials and algae for the treatment of inflammatory-autoimmune diseases including but not limited to ulcerative colitis and atopic dermatitis. Based on a foundation of over 15 years of research, Devonian’s focus is further supported by a US-FDA set of regulatory guidelines favouring a more efficient drug development pathway for prescription botanical drug products over those of traditional prescription medicines. Devonian is also involved in the development of high-value cosmeceutical products leveraging the same proprietary approach employed with their pharmaceutical offerings.  Devonian Health Group Inc. was incorporated in 2013 and is headquartered in Québec, Canada where it owns a state-of-the art extraction facility with full traceability ‘from the seed to the pill’. Their recently acquired commercialization partner, Altius Healthcare Inc., brings opportunities for further diversification and growth potential. Devonian is traded publicly on the TSXV Exchange (TSXv:GSD).

For more information about Devonian Health Group Inc., visit www.groupedevonian.com

Forward Looking Statements

This press release contains forward-looking statements about Devonian’s objectives, strategies and businesses that involve risks and uncertainties. These statements are “forward-looking” because they are based on our current expectations about the markets we operate in and on various estimates and assumptions. Actual events or results may differ materially from those anticipated in these forward-looking statements if known or unknown risks affect our business, or if our estimates or assumptions turn out to be inaccurate. Such risks and assumptions include, but are not limited to, Devonian’s ability to develop, manufacture, and successfully commercialize value-added pharmaceutical and dermo-cosmeceutical products, the availability of funds and resources to pursue R&D projects, the successful and timely completion of clinical studies, the ability of Devonian to take advantage of business opportunities in the pharmaceutical and dermo-cosmeceutical industries, uncertainties related to the regulatory process and general changes in economic conditions. You will find a more detailed assessment of the risks that could cause actual events or results to materially differ from our current expectations in Devonian’s prospectus dated April 21st, 2017 under the heading “Risk Factors” related to Devonian’s business. As a result, we cannot guarantee that any forward-looking statement will materialize. We assume no obligation to update any forward-looking statement even if new information becomes available, as a result of future events or for any other reason, unless required by applicable securities laws and regulations.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact:

Dr. André P. Boulet, PhD
President and Chief Executive Officer
Devonian Health Group Inc.
Telephone: (514) 248-7509
e-mail: apboulet@groupedevonian.com

The post Devonian Health Group announces the recognition of Sybil Dahan, President of Altius Healthcare, as inductee into the 2018 Canadian Healthcare Marketing Hall of Fame. appeared first on DEVONIAN HEALTH GROUP INC..

Devonian Health Group Receives 2018 Best Anti-Aging Skin Treatment Technology from LUX Life Magazine.

QUEBEC, October 3rd, 2018 – Devonian Health Group Inc. (“Devonian” or the “Corporation”) (TSXV: GSD), a clinical stage botanical pharmaceutical corporation focused on developing a unique portfolio of botanical prescription drugs and cosmeceutical products, today announced that its Purgenesis™ anti-aging treatment was awarded the 2018 Best Anti-Aging Skin Treatment Technology from United Kingdom-based LUX Life Magazine (LUX).

“It is such an honor for Devonian to have won the 2018 award of the Best Anti-Aging Skin Treatment for its Purgenesis™ treatment. LUX Life Magazine recognizes that a new generation of consumers are now requiring cutting edge technology and are shifting their spending towards lifestyle goods and experiences over things. For Devonian, this is a great recognition of more than 15 years of Research & Development ensuring that consumers get an effective product supported by pharmaceutical-grade clinical data. This recognition confirms Purgenesis™ treatment’s level of excellence.” says Devonian’s President & CEO, Dr. Andre P. Boulet.

About LUX
Published quarterly, LUX Life informs readers on all aspects of high end lifestyle, including the finest, food and drink, hotels and resorts, health and beauty, automotive, jewellery, art and technology from around the world.

For LUX 2018 Fashion & Lifestyle Awards Press release, visit:

www.lux-review.com/the-2018-fashion-lifestyle-awards-press-release/

For complete LUX Life magazine’s article about Purgenesis™ anti-aging treatment, visit:

www.lux-review.com/issues/fashion-and-lifestyle-2018/18

About Purgenesis™ anti-aging treatment
Purgenesis™ Anti-aging treatment has three components: a day cream, a night cream and an eye cream. These creams contain R-Spinasome®, a complex that is an active structure with anti-oxidant properties. The structure of this complex is critical to its function as an anti-oxidant, enabling it to capture and dissipate noxious energy generated by Reactive Oxygen Species (ROS), returning the complex to a state where it is ready to undergo new activation cycles. It is this dynamism and capacity to regenerate that provides R-Spinasome® with unprecedented, long-lasting anti-oxidant activity. A clinical study involving 72 subjects (aged 35-72years) was conducted to evaluate the performance of Purgenesis™ Anti-aging product line compared with two other leading prestige brands over a 28-day period of use. The results indicate that Purgenesis™ Anti-aging line is significantly superior than leading prestige brands in terms of its anti-wrinkle, firmness and hydration effects. Purgenesis™ Anti-aging treatment is patent-protected in Japan, Canada, United States and Europe (#JP 5952261; #CDN 2,699,6765; #US 13/261,472, #EUR 11 768 299.7). The product has been recognized by the Canadian Dermatology Association’s Skin Health Program™.

For more information, visit www.purgenesis.com.

About Devonian
Devonian Health Group Inc. is a late stage botanical pharmaceutical corporation with novel therapeutic approaches to targeting unmet medical needs. Devonian’s core strategy is to develop prescription botanical drugs from plant materials and algae for the treatment of inflammatory-autoimmune diseases including but not limited to ulcerative colitis and atopic dermatitis. Based on a foundation of over 15 years of research, Devonian’s focus is further supported by a US-FDA set of regulatory guidelines favouring a more efficient drug development pathway for prescription botanical drug products over those of traditional prescription medicines. Devonian is also involved in the development of high-value cosmeceutical products leveraging the same proprietary approach employed with their pharmaceutical offerings.  Devonian Health Group Inc. was incorporated in 2013 and is headquartered in Québec, Canada where it owns a state-of-the art extraction facility with full traceability ‘from the seed to the pill’. Their recently acquired commercialization partner, Altius Healthcare Inc., brings opportunities for further diversification and growth potential. Devonian is traded publicly on the TSXV Exchange (TSXv:GSD).

For more information, visit www.groupedevonian.com.

Forward Looking Statements
This press release contains forward-looking statements about Devonian’s objectives, strategies and businesses that involve risks and uncertainties. These statements are “forward-looking” because they are based on our current expectations about the markets we operate in and on various estimates and assumptions. Actual events or results may differ materially from those anticipated in these forward-looking statements if known or unknown risks affect our business, or if our estimates or assumptions turn out to be inaccurate. Such risks and assumptions include, but are not limited to, Devonian’s ability to develop, manufacture, and successfully commercialize value-added pharmaceutical and dermo-cosmeceutical products, the availability of funds and resources to pursue R&D projects, the successful and timely completion of clinical studies, the ability of Devonian to take advantage of business opportunities in the pharmaceutical and dermo-cosmeceutical industries, uncertainties related to the regulatory process and general changes in economic conditions. You will find a more detailed assessment of the risks that could cause actual events or results to materially differ from our current expectations in Devonian’s prospectus dated April 21st, 2017 under the heading “Risk Factors” related to Devonian’s business. As a result, we cannot guarantee that any forward-looking statement will materialize. We assume no obligation to update any forward-looking statement even if new information becomes available, as a result of future events or for any other reason, unless required by applicable securities laws and regulations.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact:

Dr. André P. Boulet, PhD
President and Chief Executive Officer
Devonian Health Group Inc.
Telephone: (514) 248-7509
e-mail: apboulet@groupedevonian.com

The post Devonian Health Group Receives 2018 Best Anti-Aging Skin Treatment Technology from LUX Life Magazine. appeared first on DEVONIAN HEALTH GROUP INC..

Devonian Health Group announces the completion of the second tranche of its previously announced private placement and provides an update.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN THE UNITED STATES.

QUÉBEC CITY, August 31, 2018 – Devonian Health Group Inc. (“Devonian” or the “Corporation”) (TSX VENTURE: GSD), a clinical stage botanical pharmaceutical corporation focused on developing a unique portfolio of botanical prescription drugs and cosmeceutical products, is pleased to announce the completion of the second tranche of its non-brokered private placement of unsecured debentures of the Corporation (the “Debentures”) convertible into units of the Corporation (the “Units”), at a conversion price of $ 0.75 per Unit (the “Offering”) for aggregate gross proceeds of up to $697,000. Each Unit entitles the holder to receive one subordinate voting share of the Corporation and one warrant. Each warrant entitles its holder to subscribe for one subordinate voting share of the Corporation at a price of $ 0.95 within 48 months after the closing of the Offering.

The Debentures will bear interest at a rate of 10% calculated semi-annually and will have a 48-month due term from the closing date of the Offering (the “Closing Date”). The interests on the Debentures will start to accrue on the Closing Date and will be calculated and payable semi-annually in subordinate voting shares. For more information please see press releases dated July 19, 2018 and August 6, 2018.

The capital will be used for G&A and R&D activities.

This press release does not constitute an offer of securities for sale in the United States or to “U.S. persons” (“U.S. persons”), as such term is defined in Regulations promulgated under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”). The securities being offered have not been, nor will be, registered under the U.S. Securities Act or any state securities laws, and may not be offered or sold in the United States or to U.S. persons absent registration or an applicable exemption from such registration requirements.

Update on the Offering
The Offering has been proceeding well despite the summer season and the Corporation is encouraged by the interest received thus far. As announced on July 19, 2018, the Corporation has closed the first tranche of its Offering pursuant to which Debentures have been subscribed for an amount of $ 1 million entitling it to receive 1,333,333 Units if the Debenture is converted. The Corporation expects to close subsequent tranches within the next few weeks and received conditional approval from the TSX Venture Exchange (“TSXV”) with respect to the duration of its Offering. The outside date upon which the final acceptance of the Offering will be granted by the TSXV has been extended to October 5, 2018.

About Devonian
Devonian Health Group Inc. is a late stage botanical pharmaceutical corporation with novel therapeutic approaches to targeting unmet medical needs. Devonian’s core strategy is to develop prescription botanical drugs from plant materials and algae for the treatment of inflammatory-autoimmune diseases including but not limited to ulcerative colitis and atopic dermatitis. Based on a foundation of over 15 years of research, Devonian’s focus is further supported by a US-FDA set of regulatory guidelines favouring a more efficient drug development pathway for prescription botanical drug products over those of traditional prescription medicines. Devonian is also involved in the development of high-value cosmeceutical products leveraging the same proprietary approach employed with their pharmaceutical offerings.  Devonian Health Group Inc. was incorporated in 2013 and is headquartered in Québec, Canada where it owns a state-of-the art extraction facility with full traceability ‘from the seed to the pill’. Their recently acquired commercialization partner, Altius Healthcare Inc., brings opportunities for further diversification and growth potential. Devonian is traded publicly on the TSXV Exchange (TSXV: GSD).

For more information, visit www.groupedevonian.com.

Forward Looking Statements
This press release contains forward-looking statements about Devonian’s objectives, strategies and businesses that involve risks and uncertainties. These statements are “forward-looking” because they are based on our current expectations about the markets we operate in and on various estimates and assumptions. Actual events or results may differ materially from those anticipated in these forward-looking statements if known or unknown risks affect our business, or if our estimates or assumptions turn out to be inaccurate. Such risks and assumptions include, but are not limited to, Devonian’s ability to develop, manufacture, and successfully commercialize value-added pharmaceutical and dermo-cosmeceutical products, the availability of funds and resources to pursue R&D projects, the successful and timely completion of clinical studies, the ability of Devonian to take advantage of business opportunities in the pharmaceutical and dermo-cosmeceutical industries, uncertainties related to the regulatory process and general changes in economic conditions. You will find a more detailed assessment of the risks that could cause actual events or results to materially differ from our current expectations in Devonian’s prospectus dated April 21, 2017, under the heading “Risk Factors” related to Devonian’s business. As a result, we cannot guarantee that any forward-looking statement will materialize. We assume no obligation to update any forward-looking statement even if new information becomes available, as a result of future events or for any other reason, unless required by applicable securities laws and regulations.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact:

Dr. André P. Boulet, PhD
President and Chief Executive Officer
Devonian Health Group Inc.
Telephone: (514) 248-7509
e-mail: apboulet@groupedevonian.com

The post Devonian Health Group announces the completion of the second tranche of its previously announced private placement and provides an update. appeared first on DEVONIAN HEALTH GROUP INC..

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN THE UNITED STATES.

Devonian Health Group provides an update on its previously announced private placement.

Quebec, Quebec – August 06, 2018 – Devonian Health Group Inc. (“Devonian” or the “Corporation”) (TSXV: GSD), a clinical stage botanical pharmaceutical corporation focused on developing a unique portfolio of botanical prescription drugs and cosmeceutical products, is pleased to provide an update on its private placement, without a syndicate of brokers, of unsecured debentures of the Company (the “Debentures“) convertible into units of the Corporation (the “Units“), at a conversion price of $ 0.75 per Unit (the “Offering“) for aggregate gross proceeds of up to $ 5 million. Each Unit entitles the holder to receive one subordinate voting share of the Corporation and one warrant. Each warrant entitles its holder to subscribe for one subordinate voting share of the Company at a price of $ 0.95 within 48 months after the closing of the Offering.

The Offering is progressing well, and the Corporation is encouraged by the interest received so far. As announced on July 19, 2018, the Corporation has closed the first tranche of its Offering pursuant to which Debentures have been subscribed for an amount of $ 1 million entitling it to receive 1,333,333 Units if the Debenture is converted. The Corporation expects to close the second tranche in the coming weeks and has received conditional approval from the TSX Venture Exchange (“TSXV“) to extend the closing of the second tranche to September 5th, 2018.

This press release does not constitute an offer of securities for sale in the United States or to “U.S. persons” (“U.S. persons”), as such term is defined in Regulations promulgated under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”). The securities being offered have not been, nor will be, registered under the U.S. Securities Act or any state securities laws, and may not be offered or sold in the United States or to U.S. persons absent registration or an applicable exemption from such registration requirements.

About Devonian
Devonian Health Group Inc. is a late stage botanical pharmaceutical corporation with novel therapeutic approaches to targeting unmet medical needs. Devonian’s core strategy is to develop prescription botanical drugs from plant materials and algae for the treatment of inflammatory-autoimmune diseases including but not limited to ulcerative colitis and atopic dermatitis. Based on a foundation of over 15 years of research, Devonian’s focus is further supported by a US-FDA set of regulatory guidelines favouring a more efficient drug development pathway for prescription botanical drug products over those of traditional prescription medicines. Devonian is also involved in the development of high-value cosmeceutical products leveraging the same proprietary approach employed with their pharmaceutical offerings.  Devonian Health Group Inc. was incorporated in 2013 and is headquartered in Québec, Canada where it owns a state-of-the art extraction facility with full traceability ‘from the seed to the pill’. Their recently acquired commercialization partner, Altius Healthcare Inc., brings opportunities for further diversification and growth potential. Devonian is traded publicly on the TSXV Exchange (TSXv:GSD).

For more information, visit www.groupedevonian.com.

Forward Looking Statements
This press release contains forward-looking statements about Devonian’s objectives, strategies and businesses that involve risks and uncertainties. These statements are “forward-looking” because they are based on our current expectations about the markets we operate in and on various estimates and assumptions. Actual events or results may differ materially from those anticipated in these forward-looking statements if known or unknown risks affect our business, or if our estimates or assumptions turn out to be inaccurate. Such risks and assumptions include, but are not limited to, Devonian’s ability to develop, manufacture, and successfully commercialize value-added pharmaceutical and dermo-cosmeceutical products, the availability of funds and resources to pursue R&D projects, the successful and timely completion of clinical studies, the ability of Devonian to take advantage of business opportunities in the pharmaceutical and dermo-cosmeceutical industries, uncertainties related to the regulatory process and general changes in economic conditions. You will find a more detailed assessment of the risks that could cause actual events or results to materially differ from our current expectations in Devonian’s prospectus dated April 21st, 2017 under the heading “Risk Factors” related to Devonian’s business. As a result, we cannot guarantee that any forward-looking statement will materialize. We assume no obligation to update any forward-looking statement even if new information becomes available, as a result of future events or for any other reason, unless required by applicable securities laws and regulations.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact:

Dr. André P. Boulet, PhD
President and Chief Executive Officer
Devonian Health Group Inc.
Telephone: (514) 248-7509
e-mail: apboulet@groupedevonian.com

The post Devonian Health Group provides an update on its previously announced private placement. appeared first on DEVONIAN HEALTH GROUP INC..

Devonian Health Group Announces issuance of European Patent for its Purgenesis™ anti-aging treatment.

Quebec, Quebec – July 31^st, 2018 – Devonian Health Group Inc. (“Devonian” or the “Corporation”) (TSXV: GSD), a clinical stage botanical pharmaceutical corporation focused on developing a unique portfolio of botanical prescription drugs and cosmeceutical products, today announced that the European Patent Office issued a Notice of Allowance for European Patent application # 11 768  299.7 entitled “The use of a photosynthetic cell extract in a cosmetic composition”. This patent relates to cosmetic and topical compositions containing the photosynthetic cell extract, developed by the company under the R-Spinasome® trademark and used as the active ingredient in the Purgenesis™ cosmeceutical line having anti-wrinkle and anti-aging effect on user’s skin, and, in synergy with sunscreen agents, protecting skin against ultraviolet A (UVA) and ultraviolet B (UVB).

The compositions have anti-wrinkle and anti-aging effects on user’s skin with improvement of the aesthetic appearance of skin. Specifically, the formulation is said to improve the aesthetic appearance of the skin consisting of a decrease of the number and depth of wrinkles and increase in elasticity and hydration of the skin. In addition, the photosynthetic cell extract is said to protect against ultraviolet A (UVA) and ultraviolet B (UVB) damage.

“The patent was already issued in Japan (JP5952261), Canada (# 2,699,676), and allowed in the United States (# 13/261,472). This newly issued patent strengthens Purgenesis™ brand commercial potential in all major countries.” says Devonian’s President & CEO, Dr. Andre P. Boulet.

The Canadian sale and marketing activities are managed by Devonian’s Commercial Division, Altius Healthcare Inc.

About Purgenesis™ anti-aging treatment

Purgenesis™ Anti-aging treatment has three components: a day cream, a night cream and an eye cream. These creams contain R-Spinasome®, a complex that is an active structure with anti-oxidant properties. The structure of this complex is critical to its function as an anti-oxidant, enabling it to capture and dissipate noxious energy generated by Reactive Oxygen Species (ROS), returning the complex to a state where it is ready to undergo new activation cycles. It is this dynamism and capacity to regenerate that provides R-Spinasome® with unprecedented, long-lasting anti-oxidant activity. A clinical study involving 72 subjects (aged 35-72years) was conducted to evaluate the performance of Purgenesis™ Anti-aging product line compared with two other leading prestige brands over a 28-day period of use. The results indicate that Purgenesis™ Anti-aging line is significantly superior than leading prestige brands in terms of its anti-wrinkle, firmness and hydration effects. Purgenesis™ Anti-aging treatment is patent-protected in Japan, Canada, United States and Europe (#JP 5952261; #CDN 2,699,6765; #US 13/261,472, #EUR 11 768 299.7). The product has been recognized by the Canadian Dermatology Association’s Skin Health Program™.

About Devonian

Devonian Health Group Inc. is a late stage botanical pharmaceutical corporation with novel therapeutic approaches to targeting unmet medical needs. Devonian’s core strategy is to develop prescription botanical drugs from plant materials and algae for the treatment of inflammatory-autoimmune diseases including but not limited to ulcerative colitis and atopic dermatitis. Based on a foundation of over 15 years of research, Devonian’s focus is further supported by a US-FDA set of regulatory guidelines favouring a more efficient drug development pathway for prescription botanical drug products over those of traditional prescription medicines. Devonian is also involved in the development of high-value cosmeceutical products leveraging the same proprietary approach employed with their pharmaceutical offerings.  Devonian Health Group Inc. was incorporated in 2013 and is headquartered in Québec, Canada where it owns a state-of-the art extraction facility with full traceability ‘from the seed to the pill’. Their recently acquired commercialization partner, Altius Healthcare Inc., brings opportunities for further diversification and growth potential. Devonian is traded publicly on the TSXV Exchange (TSXv:GSD).

For more information, visit www.groupedevonian.com.

About Altius Healthcare Inc.

Based in Concord, Ontario, Altius Healthcare is a specialty pharmaceutical company with a primary focus of acquiring and in-licensing safe and innovative medicines and healthcare products designed to help people of all ages live healthier lives. Altius then leverages its expertise in the commercialisation activities required to successfully launch and distribute these medicines in Canada. The team’s diverse experience and expertise draws from nearly 40 years of producing, importing, marketing and distributing branded and generic medicines.

For more information, visit www.altiushealtcare.ca

Forward Looking Statements

This press release contains forward-looking statements about Devonian’s objectives, strategies and businesses that involve risks and uncertainties. These statements are “forward-looking” because they are based on our current expectations about the markets we operate in and on various estimates and assumptions. Actual events or results may differ materially from those anticipated in these forward-looking statements if known or unknown risks affect our business, or if our estimates or assumptions turn out to be inaccurate. Such risks and assumptions include, but are not limited to, Devonian’s ability to develop, manufacture, and successfully commercialize value-added pharmaceutical and dermo-cosmeceutical products, the availability of funds and resources to pursue R&D projects, the successful and timely completion of clinical studies, the ability of Devonian to take advantage of business opportunities in the pharmaceutical and dermo-cosmeceutical industries, uncertainties related to the regulatory process and general changes in economic conditions. You will find a more detailed assessment of the risks that could cause actual events or results to materially differ from our current expectations in Devonian’s prospectus dated April 21^st, 2017 under the heading “Risk Factors” related to Devonian’s business. As a result, we cannot guarantee that any forward-looking statement will materialize. We assume no obligation to update any forward-looking statement even if new information becomes available, as a result of future events or for any other reason, unless required by applicable securities laws and regulations.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact:

Dr. André P. Boulet, PhD
President and Chief Executive Officer
Devonian Health Group Inc.
Telephone: (514) 248-7509
e-mail: apboulet@groupedevonian.com

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NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN THE UNITED STATES.

Devonian Health Group announces Non-Brokered Financing by way of a private placement of Convertible Debenture.

• Aspri Pharma Canada Inc. acts as lead subscriber
• Unsecured Convertible Debentures convertible at a price of $0.75
• Interest at a rate of 10.0% per annum payable semi-annually in Subordinate Voting Shares
• Each Unit consists of one Subordinate Voting Share and one Subordinate Voting Share Warrant at an exercise price of $0.95 valid for 48 months following the closing

Quebec, Quebec – July 19, 2018 – Devonian Health Group Inc. (“Devonian” or the “Corporation”) (TSXV: GSD), a clinical stage botanical pharmaceutical corporation focused on developing a unique portfolio of botanical prescription drugs and cosmeceutical products, announces its intention to complete a non-brokered private placement of unsecured convertible debentures (the “Debentures”) for maximum gross proceeds of $5 million (the ‘‘Offering’’).

Aspri Pharma Canada (the ‘‘Lead Subscriber’’) has subscribed for an aggregate principal amount of $1 million dollars of Convertible Debenture Units.

The Debentures will bear interest at a rate of 10.0% calculated semi-annually and will be due 48-month term (the ‘‘Term’’) from the closing date of the Offering (the “Closing Date”). The interests on the Debentures will start to accrue on the Closing Date and will be calculated and payable semi-annually in Subordinate Voting Shares.

The principal amount of the Debentures shall be convertible in units (‘‘Unit’’) of the Corporation at a price of $0.75 per Unit. Each Unit consists of one Subordinate Voting Share in the capital of the Corporation and one Subordinate Voting Share Purchase Warrant (the “Warrants”). Each Warrant shall entitle its holder to acquire one Subordinate Voting Share in the capital of the Corporation at a price of $0.95 until the date which is 48 months following the Closing Date.

For the payment of the interest in Units, the number of Units to be issued will be calculated as follow: a) in the event the Subordinate Voting Shares comprised in the Units are not subject to any restrictions on resale on a recognized stock exchange immediately upon issuance, the average of the 5 volume-weighted average price (VWAP)s days immediately prior to the applicable interest payment date (and the price of the Warrants comprised in the Units will equal such Interest conversion rate plus 30% (b) in the event the Subordinate Voting Shares are subject to any restrictions on resale following their issuance, 90% of the average of the 5 VWAPs days immediately prior to the applicable Interest Payment Date and the price of the Warrants comprised in the Units will equal such Interest Conversion Rate plus 30%.

If any time after the Closing Date, each of VWAPs for the Subordinate Voting Shares of the Corporation for any 20 consecutive trading days (the “Threshold Period”)) is equal to or exceeds CDN $1.85 and at least 5,000 Subordinate Voting Shares are traded daily on the TSXV or at least 20,000 Subordinate Voting Shares in the event the Subordinate Voting Shares are listed on a recognized stock exchange other than the TSX Venture Exchange (subject to adjustment for reverse and forward stock splits, stock dividends, stock combinations and other similar transactions of the Subordinate Voting Shares that occur after the Closing Date), the Corporation may, within 20 trading days after such threshold period, deliver a notice to the holders of its irrevocable election to convert all of the then outstanding Debentures, for a number of Units, equal to the amount in capital of the Debenture at a price of CDN $0,75 for the capital and the accrued and unpaid interest as calculated here above.

If, within a year after the Closing Date, Devonian issues additional convertible debentures at a conversion price less than $0.75 per Unit or per Subordinate Voting Shares, then the conversion price of the Units issued pursuant to this private placement shall be reduced to the higher of i) the conversion price of the additional convertible debentures upon such issue or sale or ii) $0.40. The exercise price of the Warrants will remain at $0.95. Should a subscriber has converted his Convertible Debenture before the issuance of the additional convertible debentures, he will receive such additional number of Units which he would have been entitled if he had not converted his convertible debentures.

To its sole discretion, the Corporation may prepay in cash any portion of the principal amount of the Debentures with accrued and unpaid interest.

The Debentures and the underlying securities to be issued pursuant to this Offering will be subject to a restricted period of four months and a day, after the Closing Date under applicable Canadian securities legislation.

“We are very pleased to have received financing interest from Aspri Pharma Canada inc. and from a group of investors that believe in our commitment to deliver superior value to all our shareholders.” commented Dr. André P. Boulet, the President and Chief Executive Officer of Devonian.

The capital will be used for G&A and R&D activities.

This press release does not constitute an offer of securities for sale in the United States or to “U.S. persons” (“U.S. persons”), as such term is defined in Regulations promulgated under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”). The securities being offered have not been, nor will be, registered under the U.S. Securities Act or any state securities laws, and may not be offered or sold in the United States or to U.S. persons absent registration or an applicable exemption from such registration requirements.

About Devonian
Devonian Health Group Inc. is a late stage botanical pharmaceutical corporation with novel therapeutic approaches to targeting unmet medical needs. Devonian’s core strategy is to develop prescription botanical drugs from plant materials and algae for the treatment of inflammatory-autoimmune diseases including but not limited to ulcerative colitis and atopic dermatitis. Based on a foundation of over 15 years of research, Devonian’s focus is further supported by a US-FDA set of regulatory guidelines favouring a more efficient drug development pathway for prescription botanical drug products over those of traditional prescription medicines. Devonian is also involved in the development of high-value cosmeceutical products leveraging the same proprietary approach employed with their pharmaceutical offerings. Devonian Health Group Inc. was incorporated in 2013 and is headquartered in Québec, Canada where it owns a state-of-the art extraction facility with full traceability ‘from the seed to the pill’. Their recently acquired commercialization partner, Altius Healthcare Inc., brings opportunities for further diversification and growth potential. Devonian is traded publicly on the TSXV Exchange (TSXv:GSD).

For more information, visit www.groupedevonian.com.

Forward Looking Statements
This press release contains forward-looking statements about Devonian’s objectives, strategies and businesses that involve risks and uncertainties. These statements are “forward-looking” because they are based on our current expectations about the markets we operate in and on various estimates and assumptions. Actual events or results may differ materially from those anticipated in these forward-looking statements if known or unknown risks affect our business, or if our estimates or assumptions turn out to be inaccurate. Such risks and assumptions include, but are not limited to, Devonian’s ability to develop, manufacture, and successfully commercialize value-added pharmaceutical and dermo-cosmeceutical products, the availability of funds and resources to pursue R&D projects, the successful and timely completion of clinical studies, the ability of Devonian to take advantage of business opportunities in the pharmaceutical and dermo-cosmeceutical industries, uncertainties related to the regulatory process and general changes in economic conditions. You will find a more detailed assessment of the risks that could cause actual events or results to materially differ from our current expectations in Devonian’s prospectus dated April 21st, 2017 under the heading “Risk Factors” related to Devonian’s business. As a result, we cannot guarantee that any forward-looking statement will materialize. We assume no obligation to update any forward-looking statement even if new information becomes available, as a result of future events or for any other reason, unless required by applicable securities laws and regulations.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact:

Dr. André P. Boulet, PhD
President and Chief Executive Officer
Devonian Health Group Inc.
Telephone: (514) 248-7509
e-mail: apboulet@groupedevonian.com

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Devonian Healthcare Group Reports its First ever Revenues: Key Financial Results for Quarter Ended April 30th, 2018

 Quebec, Quebec – July 18, 2018 – Devonian Health Group Inc. (“Devonian” or the “Corporation”) (TSXv: GSD), a clinical stage botanical pharmaceutical corporation focused on developing a unique portfolio of botanical prescription drugs and cosmeceutical products, today reported key results from operations for the quarter ended April 30th, 2018.

Quarter Ended April 30th, 2018 Financial Highlights

• Recorded Revenues of $2,084 million, from its commercial division Altius Healthcare Inc (Altius);
• R&D expenses amounted to $286,870
• Net loss of $598k

Financial Results

Revenues from Pantoprasole Magnesium and Cléo-35®, for the three-month ended April 30th, 2018 were $2,084 million while there were no revenues for the three months ended April 30th, 2017.

R&D expenditures of $286,870 were mainly attributable to the ongoing phase 2 clinical trial on atopic dermatitis.

“We are very pleased with the financial results of our Commercial Division, Altius Healthcare Inc. Devonian acquired Altius on February 1st, 2018, which includes the revenues from its existing product line namely Pantoprazole magnesium and Cléo-35®. Altius’ margins are in line with management expectations and partially offset some R&D expenses. Altius will constantly search for new product additions to its portfolio in order to enhance its Revenues and profitability along with the sales and marketing of the Devonian’s Patented Purgenesis™ product line’’ said Dr Andre P. Boulet, President and CEO of Devonian.

All amounts referenced herein are in Canadian dollars.

Unaudited financials for Q3-2018 can be found on SEDAR.

About Devonian

Devonian Health Group Inc. is a late stage botanical pharmaceutical corporation with novel therapeutic approaches to targeting unmet medical needs. Devonian’s core strategy is to develop prescription botanical drugs from plant materials and algae for the treatment of inflammatory-autoimmune diseases including but not limited to ulcerative colitis and atopic dermatitis. Based on a foundation of over 15 years of research, Devonian’s focus is further supported by a US-FDA set of regulatory guidelines favouring a more efficient drug development pathway for prescription botanical drug products over those of traditional prescription medicines. Devonian is also involved in the development of high-value cosmeceutical products leveraging the same proprietary approach employed with their pharmaceutical offerings.  Devonian Health Group Inc. was incorporated in 2013 and is headquartered in Québec, Canada where it owns a state-of-the art extraction facility with full traceability ‘from the seed to the pill’. Their recently acquired commercialization partner, Altius Healthcare Inc., brings opportunities for further diversification and growth potential. Devonian is traded publicly on the TSXV Exchange (TSXv:GSD).

For more information, visit www.groupedevonian.com.

About Altius Healthcare Inc.

Based in Concord, Ontario, Altius Healthcare is a specialty pharmaceutical company with a primary focus of acquiring and in-licensing safe and innovative medicines and healthcare products designed to help people of all ages live healthier lives. Altius then leverages its expertise in the commercialisation activities required to successfully launch and distribute these medicines in Canada. The team’s diverse experience and expertise draws from nearly 40 years of producing, importing, marketing and distributing branded and generic medicines.

For more information, visit www.altiushealthcare.ca

Forward Looking Statements

This press release contains forward-looking statements about Devonian’s objectives, strategies and businesses that involve risks and uncertainties. These statements are “forward-looking” because they are based on our current expectations about the markets we operate in and on various estimates and assumptions. Actual events or results may differ materially from those anticipated in these forward-looking statements if known or unknown risks affect our business, or if our estimates or assumptions turn out to be inaccurate. Such risks and assumptions include, but are not limited to, Devonian’s ability to develop, manufacture, and successfully commercialize value-added pharmaceutical and dermo-cosmeceutical products, the availability of funds and resources to pursue R&D projects, the successful and timely completion of clinical studies, the ability of Devonian to take advantage of business opportunities in the pharmaceutical and dermo-cosmeceutical industries, uncertainties related to the regulatory process and general changes in economic conditions. You will find a more detailed assessment of the risks that could cause actual events or results to materially differ from our current expectations in Devonian’s prospectus dated April 21st, 2017 under the heading “Risk Factors” related to Devonian’s business. As a result, we cannot guarantee that any forward-looking statement will materialize. We assume no obligation to update any forward-looking statement even if new information becomes available, as a result of future events or for any other reason, unless required by applicable securities laws and regulations.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact:  Dr. André P. Boulet, PhD
President and Chief Executive Officer
Devonian Health Group Inc.
Telephone: (514) 248-7509
e-mail: apboulet@groupedevonian.com

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Devonian Announces Grant of Options.

Quebec, Quebec – June 29^th, 2018 – Devonian Health Group Inc. (“Devonian” or the “Corporation“) (TSXv: GSD) announces that the Board of Directors has approved the grant of options (the ‘‘Options’’) to purchase subordinate voting shares in the capital of the Corporation. Such options are exercisable at a price of $0.60 and for a period of ten years from the date of grant. An aggregate of 275,000 options was granted to certain directors and consultants of the Corporation. Such options vest on the grant date.

Additionally, the Company has granted 1 290,000 stock options to managements and employees of the Corporation. Twenty-five percent (25%) of these granted options vest on the grant date and then 25% yearly over the following years.

About Devonian

Devonian Health Group Inc. is a late stage botanical pharmaceutical corporation with novel therapeutic approaches to targeting unmet medical needs. Devonian’s core strategy is to develop prescription botanical drugs from plant materials and algae for the treatment of inflammatory-autoimmune diseases including but not limited to ulcerative colitis and atopic dermatitis. Based on a foundation of over 15 years of research, Devonian’s focus is further supported by a US-FDA set of regulatory guidelines favouring a more efficient drug development pathway for prescription botanical drug products over those of traditional prescription medicines. Devonian is also involved in the development of high-value cosmeceutical products leveraging the same proprietary approach employed with their pharmaceutical offerings.  Devonian Health Group Inc. was incorporated in 2013 and is headquartered in Québec, Canada where it owns a state-of-the art extraction facility with full traceability ‘from the seed to the pill’. Their recently acquired commercialization partner, Altius Healthcare Inc., brings opportunities for further diversification and growth potential. Devonian is traded publicly on the TSXV Exchange (TSXv:GSD).

For more information, visit www.groupedevonian.com.

Forward Looking Statements

This press release contains forward-looking statements about Devonian’s objectives, strategies and businesses that involve risks and uncertainties. These statements are “forward-looking” because they are based on our current expectations about the markets we operate in and on various estimates and assumptions. Actual events or results may differ materially from those anticipated in these forward-looking statements if known or unknown risks affect our business, or if our estimates or assumptions turn out to be inaccurate. Such risks and assumptions include, but are not limited to, Devonian’s ability to develop, manufacture, and successfully commercialize value-added pharmaceutical and dermo-cosmeceutical products, the availability of funds and resources to pursue R&D projects, the successful and timely completion of clinical studies, the ability of Devonian to take advantage of business opportunities in the pharmaceutical and dermo-cosmeceutical industries, uncertainties related to the regulatory process and general changes in economic conditions. You will find a more detailed assessment of the risks that could cause actual events or results to materially differ from our current expectations in Devonian’s prospectus dated April 21st, 2017 under the heading “Risk Factors” related to Devonian’s business. As a result, we cannot guarantee that any forward-looking statement will materialize. We assume no obligation to update any forward-looking statement even if new information becomes available, as a result of future events or for any other reason, unless required by applicable securities laws and regulations.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact:  Dr. André P. Boulet, PhD
President and Chief Executive Officer
Devonian Health Group Inc.
Telephone: (514) 248-7509
e-mail: apboulet@groupedevonian.com

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Devonian Announces the Signing of a Non-Binding Letter of Intent with Folia Biotech to develop FB-631 in cancer immunotherapy.

Quebec, Quebec – June 28^th, 2018 – Devonian Health Group Inc. (“Devonian” or the “Corporation“) (TSXv: GSD) and Folia Biotech inc. (‘‘Folia’’) today announce the signing of a non-binding Letter of Intent (‘‘LOI’’) to exclusively negotiate the terms establishing an immune-oncology strategic collaboration focused on the development of FB-631 as an immunotherapeutic platform.

The discussions pertain to form a strategic alliance with Folia Biotech Inc. to develop the technology in cancer immunotherapy. FB-631 is a nanoparticle made of the recombinant coat protein (CP) of papaya mosaic virus (PapMV) self-assembled around as ssRNA that is used as a toll like receptor 7/8 agonist and intended to activate innate immunity and enhance the human anti-cancer immune response. This platform can find applications in cancer immunotherapy as well as in the development of vaccines to infectious diseases.

“We are excited about the potential to work with Folia,” said Dr Andre P. Boulet, President and Chief Executive Officer of Devonian. “Folia’s cancer immunotherapy, FB-631, has the potential to compete actual Cart-t-cell therapy against solid and non-solid tumors. This product would add another immune-modulator product in our pipeline’’ added Dr Boulet.

“This partnership is a really exciting opportunity to push one step forward the development of our platform technology’ said Dr Denis Leclerc, the founder of Folia Biotech inc and the inventor of the technology. We believe that we will make rapid progress in the treatment of leukemia in children, which will establish our proof of concept in cancer immunotherapy that will lead us to treat other form of cancers”.

About FB-631

FB-631 is a nanoparticle platform technology that was showed to trigger innate immunity through the activation of toll like receptor 7/8, two innate receptors that are found in the endosome of immune cells. FB-631 targets specifically TLR7/8 leading to an immune enhancement capable to increase the immune response against cancer. Because this technology is based on the natural substrate (ssRNA) for TLR7/8, it is expected that the treatment based on FB-631 will be safer and more specific which makes FB-631 a real breakthrough in the field.

About the transaction

The completion of the definitive agreements are subject to additional conditions, including but not limited to various board of directors approvals of Devonian and Folia, as well as satisfactory completion of due diligence review by Devonian, third party’s consents on terms satisfactory to Devonian and certain other usual conditions. The completion of the definitive agreements are subject to the approval of the TSX Venture Exchange and all other necessary regulatory approvals. There can be no assurance that the transaction will be completed as proposed or at all.

About Folia

Folia Biotech inc is a start-up company that was founded in 2006 to developed and commercialize the FB-631 platform technology. Folia has already fully developed the manufacture process of the technology and has completed a phase 1 clinical trial in human infectious diseases. Because the immune stimulation is relevant to many health challenges, Folia is seeking for opportunities in infectious diseases and cancer immunotherapy. Folia’s headquarters are located in Quebec City, Canada.

About Devonian

Devonian Health Group Inc. is a late stage botanical pharmaceutical corporation with novel therapeutic approaches to targeting unmet medical needs. Devonian’s core strategy is to develop prescription botanical drugs from plant materials and algae for the treatment of inflammatory-autoimmune diseases including but not limited to ulcerative colitis and atopic dermatitis. Based on a foundation of over 15 years of research, Devonian’s focus is further supported by a US-FDA set of regulatory guidelines favouring a more efficient drug development pathway for prescription botanical drug products over those of traditional prescription medicines. Devonian is also involved in the development of high-value cosmeceutical products leveraging the same proprietary approach employed with their pharmaceutical offerings.  Devonian Health Group Inc. was incorporated in 2013 and is headquartered in Québec, Canada where it owns a state-of-the art extraction facility with full traceability ‘from the seed to the pill’. Their recently acquired commercialization partner, Altius Healthcare Inc., brings opportunities for further diversification and growth potential. Devonian is traded publicly on the TSXV Exchange (TSXv:GSD).

For more information, visit www.groupedevonian.com.

Forward Looking Statements

This press release contains forward-looking statements about Devonian’s objectives, strategies and businesses that involve risks and uncertainties. These statements are “forward-looking” because they are based on our current expectations about the markets we operate in and on various estimates and assumptions. Actual events or results may differ materially from those anticipated in these forward-looking statements if known or unknown risks affect our business, or if our estimates or assumptions turn out to be inaccurate. Such risks and assumptions include, but are not limited to, Devonian’s ability to develop, manufacture, and successfully commercialize value-added pharmaceutical and dermo-cosmeceutical products, the availability of funds and resources to pursue R&D projects, the successful and timely completion of clinical studies, the ability of Devonian to take advantage of business opportunities in the pharmaceutical and dermo-cosmeceutical industries, uncertainties related to the regulatory process and general changes in economic conditions. You will find a more detailed assessment of the risks that could cause actual events or results to materially differ from our current expectations in Devonian’s prospectus dated April 21st, 2017 under the heading “Risk Factors” related to Devonian’s business. As a result, we cannot guarantee that any forward-looking statement will materialize. We assume no obligation to update any forward-looking statement even if new information becomes available, as a result of future events or for any other reason, unless required by applicable securities laws and regulations.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact:  Dr. André P. Boulet, PhD
President and Chief Executive Officer
Devonian Health Group Inc.
Telephone: (514) 248-7509
e-mail: apboulet@groupedevonian.com

The post Devonian Announces the Signing of a Non-Binding Letter of Intent with Folia Biotech to develop FB-631 in cancer immunotherapy. appeared first on DEVONIAN HEALTH GROUP INC..