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BioSyent Extends In-License Agreement for Cathejell(R)

TORONTO, ONTARIO -- (Marketwired) -- 04/20/17 -- BioSyent Inc. ("BioSyent") (TSX VENTURE:RX) is pleased to announce that its wholly-owned subsidiary, BioSyent Pharma Inc. ("BioSyent Pharma"), has extended its License, Distribution and Supply Agreement with its European partner, Pharmazeutische Fabrik Montavit Ges.m.b.H., which gives BioSyent Pharma exclusive Canadian rights to the Cathejell® Jelly 2% product until March 31, 2024.

"Cathejell is a product well-suited to our strategy and urology portfolio" commented Rene Goehrum, President and CEO of BioSyent. "Since we launched the product in Canada in 2012, we have consistently grown sales of this brand by double digits each year. We look forward to further brand growth while we serve our hospital and urology customers with this unique and differentiated product."

About Cathejell® Jelly 2%

Cathejell® Jelly 2% combines a sterile gel with lidocaine in a unique collapsible applicator syringe to ease patient discomfort for a range of medical procedures. Cathejell® Jelly 2% is indicated for surface anesthesia and lubrication for various procedures including male and female cystoscopies, catheterizations and other endourethral operations, endoscopies, proctoscopies, rectoscopies and tracheal intubations. Cathejell® Jelly 2% can also be used for the symptomatic treatment of pain in connection with cystitis and urethritis.

About BioSyent Inc.

Listed on the TSX Venture Exchange under the trading symbol "RX", BioSyent is a profitable growth-oriented specialty pharmaceutical company focused on in-licensing or acquiring innovative pharmaceutical and other healthcare products that have been successfully developed, are safe and effective, and have a proven track record of improving the lives of patients. BioSyent supports the healthcare professionals that treat these patients by marketing its products through its community, hospital and international business units.

As of the date of this press release, the Company has 14,472,453 shares issued and outstanding.

For a direct market quote (15 minutes delay) for the TSX Venture Exchange and other Company financial information please visit www.tmxmoney.com.

This press release may contain information or statements that are forward-looking. The contents herein represent our judgment, as at the release date, and are subject to risks and uncertainties that may cause actual results or outcomes to be materially different from the forward-looking information or statements. Potential risks may include, but are not limited to, those associated with clinical trials, product development, future revenue, operations, profitability and obtaining regulatory approvals.

The TSX Venture Exchange assumes no responsibility for the accuracy of this release and neither approves nor disapproves of the same.

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