MedMira Inc. provided an update on its progress to achieve regulatory approval in Canada for its Reveal® TP (Syphilis) antibody test. The Company has successfully started its clinical trials in Saskatchewan in early March 2023 and commences its the other trial in British Colombia by the end of this month. MedMira's Reveal® TP (Syphilis) antibody rapid test is going to be the first Health Canada approved rapid test and a direct response to the increasing infection rates for infectious and congenital syphilis.

Whereas the infection rates over the past 10 years increased by 73% among males, the rate among females increased by 773%. As a result, congenital syphilis (syphilis transmitted during pregnancy to babies) led to a rise in severe and life-threatening illnesses with up to 40% of babies being stillborn. With this recent trend, infectious and congenital syphilis rates have become an epidemic across Canada and with it are of concern to the government.

MedMira's Reveal® TP clinical trials in Saskatchewan are funded by Canadian Institutes of Health Research (CIHR) Centre, for REACH at MAP St. Michael's Hospital. Whereas the clinical trial in BCCDC Vancouver is funded by the National Microbiology Laboratory (NML), Public Health Agency of Canada, Winnipeg, Manitoba.

MedMira's Reveal® TP is currently tested at 10 clinical sites in Saskatchewan with an additional clinical site in British Colombia with NML. Based on the current plan, the Company anticipates the submission of the data by October 2023 and achieve Health Canada approval by late 2023. The Company is going to provide an update at time when the clinical trials have been completed.