File: Attachment 06206933-00000001-00004638-20Nov6589363BioSyent_I-EN-PDF.pdf

BioSyent Releases Financial Results for Q3 and YTD 2024

MISSISSAUGA, Ontario, Nov. 20, 2024 -- BioSyent Inc. ("BioSyent", TSX Venture: RX) released today its financial results for the three months (Q3) and nine months (YTD) ended September 30, 2024. Key highlights include:

(CAD) Q3 2024 % Change YTD 2024 % Change Trailing % Change vs. vs. Twelve vs. Canadian Pharma Sales 8,303,074 Months Total Company Sales 9,556,011 Q3 2023 YTD 2023 (TTM) Sept TTM Sept EBITDA1 2,849,636 30, 2024 30, 2023 Net Income After Taxes 2,307,894 +12% 24,384,698 +13% (NIAT) +8% 26,234,213 +13% 32,373,796 +12% Fully Diluted EPS 0.20 -2% +13% 34,507,899 +12% 7,101,900 +12% 8,752,201 +14% -2% 5,656,910 +13% 7,107,701 +18% -% 0.48 +17% 0.60

dot Return on Average Equity for TTM September 30, 2024 was 20% as compared to 18% for TTM September 30, 2023 dot During YTD 2024, repurchased for cancellation a total of 162,300 common shares under a Normal Course Issuer Bid

(NCIB) dot Paid quarterly cash dividends of $0.045 per common share on March 15, 2024, June 15, 2024, and September 15, 2024 dot Declared subsequent cash dividend of $0.045 per common share to be paid on December 16, 2024 dot During Q3 2024, acquired Tibeliatrademark / Tibellatrademark - tibolone ("Tibeliatrademark") global rights, related assets, and operating business dot Tibelia acquisition expected to generate revenue and incremental EBITDA starting in Q1 2025

"We are pleased to report our highest-ever quarterly total Company sales in Q3 2024 with 8% growth over the comparative Q3 2023 and 7% growth over the prior quarter, Q2 2024," said Rene Goehrum, President and CEO of BioSyent. "With 12% sales growth in Canadian pharmaceutical sales, all of the Company's Canadian pharmaceutical products contributed to this growth during the quarter. On a year-to-date basis, our total Company sales, EBITDA and NIAT all grew by 13%. On a per share basis, as a result of our ongoing share buybacks, diluted EPS increased by 17% to $0.48 for the year-to-date period."

Mr. Goehrum continued, "While we continued to deliver profitable growth during the quarter, we also made investments in future growth with continued promotion of our three in-market launch products, FeraMAXtrademark Pd Maintenance 45, Inofolictrademark, and Gelclairtrademark, as well as development of a new FeraMAXtrademark Pd product and regulatory support of a new endocrinology product in- licensed earlier this year. During the quarter, we also made a significant investment in acquiring Tibeliatrademark at an attractive valuation. We continue to transition this business to our operating structure and look forward to shipping product in Q1 2025 to fill existing customer orders. With the revenue and EBITDA we expect the Tibeliatrademark business to generate, the capital deployed in this transaction delivers on our strategic objectives of long-term growth and portfolio diversification. I look forward to reporting on our continued progress during the rest of 2024 and 2025."

The CEO's presentation on the Q3 and YTD 2024 Results is available at the following link: www.biosyent.com/investors/

The Company's Interim Unaudited Condensed Consolidated Financial Statements and Management's Discussion and Analysis for the three and nine months ended September 30, 2024 and 2023 will be posted on www.sedarplus.ca on November 20, 2024.

For a direct market quote for the TSX Venture Exchange and other Company financial information, please visit www.tmxmoney.com.

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, specialty and international business units.

As of the date of this press release, the Company has 11,594,101 common shares outstanding.

BioSyent Inc. Interim Unaudited Condensed Consolidated Statements of Comprehensive Income In Canadian Dollars Q3 2024 Q3 2023 % Change YTD 2024 YTD 2023 % Change Net Revenues 9,556,011 8,871,122 8% 26,234,213 23,316,616 13% Cost of Goods Sold 2,069,596 1,809,024 25% Gross Profit 7,486,415 7,062,098 14% 5,533,089 4,423,178 10% Operating Expenses and 6% 20,701,124 18,893,438 Finance Income/Costs 4,511,311 Net Income Before Tax 2,975,104 3,999,903 13% 13,169,535 12,214,323 8% Tax (including Deferred Tax) 3,062,195 -3% 7,531,589 6,679,115 13% Net Income After Tax 667,210 -6% 1,874,679 1,669,779 12% Net Income After Tax % to Net 2,307,894 711,295 -2% 5,656,910 5,009,336 13% Revenues 2,350,900 EBITDA 24% EBITDA % to Net Revenues 2,849,636 27% 22% 21% 2,899,612 30% -2% 7,101,900 6,276,177 13% 33% 27% 27%

1. EBITDA is a Non-IFRS Financial Measure. The term EBITDA does not have any standardized meaning under International Financial Reporting Standards (IFRS) and therefore may not be comparable to similar measures presented by other companies. The Company defines EBITDA as earnings before interest income or expense, income taxes, depreciation and amortization.

BioSyent Inc. Interim Unaudited Condensed Consolidated Statements of Financial Position

AS AT September 30, 2024 December 31, 2023 % Change

ASSETS -35% 25% Cash, cash equivalents and short-term investments $ 17,064,865 $ 26,187,011 -4% Trade and other receivables 61% Inventory 4,342,441 3,477,096 -1% Prepaid expenses and deposits Loans receivable - current 5,659,593 5,894,495 -23% Derivative asset CURRENT ASSETS 391,940 243,460 320% -13% 68,917 69,419 395% 22,252 - -24% -16% 27,550,008 35,871,481 216%

Long term investments 10,496,713 2,500,000 9% Property and equipment 1,254,710 1,439,930 27% Intangible assets 5,711,094 1,152,876 -12% Loans receivable - non current Deferred tax asset 156,926 205,182 0% TOTAL NON CURRENT ASSETS 7% TOTAL ASSETS 301,224 359,470 9%

17,920,667 5,657,458

$ 45,470,675 $ 41,528,939

LIABILITIES AND SHAREHOLDERS' EQUITY

CURRENT LIABILITIES $ 7,034,216 $ 5,533,850 1,090,207 1,235,333 NON CURRENT LIABILITIES - - Long term debt 37,346,252 34,759,756 45,470,675 $ 41,528,939 Total Equity

TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $

For further information please contact: Mr. Rene C. Goehrum President and CEO BioSyent Inc. E-Mail: investors@biosyent.com Phone: 905-206-0013 Web: www.biosyent.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. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.