Ortho Regenerative Technologies Inc. (CSE: ORTH) ('Ortho RTI' or the 'Company'), an emerging orthobiologics company, today reported its financial results for the third quarter of 2020 ended October 31, 2019.

'We are pleased with the progress achieved during the last quarter. With support from our development partners, we continued to further advance all activities related to the initiation of our US Phase I/II clinical study on shoulder rotator cuff tears repair with our biologic implant Ortho-R,' said Claude LeDuc, President and Chief Executive Officer of Ortho RTI. 'The results of our 6-months pivotal preclinical study are expected in January 2020. As this study represents one of the last elements to enable Ortho RTI to file its US-IND with the FDA, we are enthusiastic about becoming a clinical-stage company in the first part of 2020.' Commenting on the FY 2020 third quarter financial results, Luc Mainville, the Company's Senior Vice-President and Chief Financial Officer, said: 'Consistent with prior quarters, the bulk of our spending related to advancing our lead Rotator Cuff program. With continued support from our partners and financial backing from insiders and new investors, we kept on delivering our development milestones as planned. As demonstrated by the successful recent closing of private placements, we remain confident in our ability to secure the necessary capital going forward to fund our operations and development projects.'

About Ortho Regenerative Technologies Inc.

Ortho RTI is an emerging Orthobiologics company dedicated to the development of novel therapeutic soft tissue repair technologies to dramatically improve the success rate of orthopedic and sports medicine surgeries. Our proprietary RESTORE technology platform, is a muco-adhesive CHITOSAN based biopolymer matrix, specifically designed to deliver biologics such as Platelet-Rich Plasma (PRP) or Bone Marrow Aspirate Concentrate (BMAC), to augment and guide the regeneration of new tissue in various musculoskeletal conditions. Ortho-R, our lead Chitosan-PRP hybrid biologic implant product, is formulated and designed to increase the healing rates of occupational and sports related injuries to tendons, meniscus and ligaments. Other formulations are being developed for cartilage repair, bone void filling and osteoarthritis treatment. The polymer biologics hybrid combination can be directly applied into the site of injury by a surgeon during a routine operative procedure without significantly extending the time of the surgery and without further intervention. An Ortho-R Rotator Cuff Tear Repair Phase I/II clinical trial is planned with an FDA IND submission in Q1 2020. Considering the significant bioactivity and residency properties of our proprietary biopolymer, Ortho RTI continues to assess its potential for therapeutic uses outside of the soft tissue repair field. Further information about Ortho RTI is available on the Company's website at www.orthorti.com and on SEDAR at www.sedar.com. Also follow us on LinkedIn and Twitter.

Forward-Looking Statements

This news release may contain certain forward-looking statements regarding the Company's expectations for future events. Such expectations are based on certain assumptions that are founded on currently available information. If these assumptions prove incorrect, actual results may differ materially from those contemplated by the forward-looking statements contained in this press release. Factors that could cause actual results to differ include, amongst others, uncertainty as to the final result and other risks. The Company disclaims any intention or obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, other than as required by security laws.

Contact:

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