WINNIPEG, Manitoba, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Kane Biotech Inc. (TSX- V:KNE; OTCQB:KNBIF) (“Kane Biotech” or “Kane”) announces that it is donating 2,000 ounces of revyve™ Antimicrobial Wound Gel to the Ukraine medical relief effort.

The product will be used to assist in the healing of severe and chronic wounds that tens of thousands of Ukrainian casualties have suffered as a result of the devasting effects of war.

“I am humbled by the prospect of assisting the people of Ukraine in their time of need,” said Marc Edwards, President & CEO. “We have an opportunity to make a difference in the treatment of wounds suffered in this theater of operations. I know that Kane’s revyve™ wound gel will be well-received by the government of Ukraine and directed to where it is most urgently required.”

Marc Edwards, Kane’s President and CEO, met with Ihor Kuzin, Ukraine’s Deputy Minister of Health, Ruslana Velychko-Trufoniuk, Ukraine’s Deputy Minister of Veteran Affairs and Yevheniia Smirnova, Ukraine’s Deputy Minister of Education and Science while attending a function at the Embassy of Ukraine in Canada on October 22, 2024.

“The need far outweighs our current financial capabilities at this time, so we will be working with the Ukrainian government to formally request that revyve™ Antimicrobial Wound Gel be included in both the Canadian and US relief programs,” Marc Edwards explained further.

About Kane Biotech

Kane Biotech Inc. is a biotechnology company engaged in the research, development and commercialization of technologies and products that prevent and remove microbial biofilms. Kane has a portfolio of biotechnologies, intellectual property (68 patents and patents pending, trade secrets and trademarks) and products developed by Kane's own biofilm research expertise and acquired from leading research institutions. DispersinB^®, coactiv+™, coactiv+^®, DermaKB™, DermaKB Biofilm™, and revyve™ are trademarks of Kane Biotech Inc. Kane is listed on the TSX Venture Exchange under the symbol "KNE" and on the OTCQB Venture Market under the symbol “KNBIF”.

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Caution Regarding Forward-Looking Information

This press release contains certain statements regarding Kane Biotech Inc. that constitute forward-looking information under applicable securities law. These statements reflect management’s current beliefs and are based on information currently available to management. Certain material factors or assumptions are applied in making forward-looking statements, and actual results may differ materially from those expressed or implied in such statements. These risks and uncertainties include, but are not limited to, risks relating to Kane’s: (a) financial condition, including lack of significant revenues to date and reliance on equity and other financing; (b) business, including its early stage of development, government regulation, market acceptance for its products, rapid technological change and dependence on key personnel; (c) intellectual property including the ability of Kane to protect its intellectual property and dependence on its strategic partners; and (d) capital structure, including its lack of dividends on its common shares, volatility of the market price of its common shares and public company costs. Further information about these and other risks and uncertainties can be found in the disclosure documents filed by Kane with applicable securities regulatory authorities, available at www.sedarplus.ca. Kane cautions that the foregoing list of factors that may affect future results is not exhaustive.