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Sirona Biochem Corp V.SBM

Alternate Symbol(s):  SRBCF

Sirona Biochem Corp. is a cosmetic ingredient and drug discovery company with a proprietary technology platform developed at its laboratory facility in France with a specialization in the stabilization of carbohydrate molecules. The Company is exploring the areas of diabetes, dyschromia, anti-aging, anti-cellulite and antiviral therapies and relies on a business model of licensing patents to large organizations in return for up-front and milestone payments as well as royalties. Its two most advanced programs are the cosmetic skin lightener and diabetes drug. The Company's TFC-1067 is for the treatment of Dyschromia (Dark spots on the skin). GlycoProteMim is a novel anti-aging compound. GlycoProteMim is based on the naturally occurring glycoproteins found in Antarctic fish, known to protect them against environmental stressors. It is focused on three current antiviral categories: Neuraminidase Inhibitors, Nucleoside Analogs and Iminosugars. Its wholly owned subsidiary is TFChem S.A.R.L.


TSXV:SBM - Post by User

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Post by pennyDoctoron Sep 10, 2013 5:54pm
106 Views
Post# 21730892

China Food and Drug Administration

China Food and Drug Administration
This is one area where corruption is taken seriously as in Wikipedia>

Born in Fuzhou, Fujian, Zheng Xiaoyu received his bachelor's degree in biology from Fudan University in 1968. He joined the Communist Party of China in November 1979.

Zheng was director of the State Pharmaceutical Administration from 1994 to 1998, head of the State Drug Administration from 1998 to 2003, and director of the State Food and Drug Administration from 2003 to 2005.[3]

In May 2007, Zheng was convicted of taking bribes and dereliction of duty and sentenced to death by a trial court in Beijing.[4] These corrupt practices are believed to have led to 40 deaths in Panama from cough syrup that contained diethylene glycol in place of glycerin.[5] Zheng had been convicted of personally approving unproven and unsafe medicines after taking bribes from eight pharmaceutical companies totaling more than 6.49 million RMB (or a rough equivalent of 850,000 United States dollars) as the former head of China's ministry of food and drug safety, which resulted in at least a hundred patient deaths (directly and indirectly). Some Chinese claims on the Internet put the deaths in the thousands. As a result, Zheng's trial resulted in a death sentence. It was also discovered during his eight-year reign as the head of China's ministry of food and drug safety, Zheng personally ordered the approvals of more than 150,000 new medicines, an average of astonishing 134 times that of USA's FDA, which only approves 140 or so new medicines annually. Most of those 150,000 medicines were the products of the eight pharmaceutical companies that bribed Zheng, and a single unsafe medication of Anhui Hua Yuan (??) Company (since closed with its CEO committed suicide before his arrest) resulted in 14 patient deaths and hundreds being permanently disabled, while several thousand more fell seriously ill. Zheng's former deputy was also convicted, for accepting more than two million RMB (or a rough equivalent of a quarter million US dollars) to help Zheng Xiaoyu. The former deputy was sentenced to a two-year delayed death sentence and a new system for unsafe food recall would be implemented by the end of the year.[6]

Zheng entered an appeal for leniency on June 12, saying that the sentence was "too severe" citing the fact that he had confessed his crimes and cooperated with investigators. However, the court ruled that he was a "great danger" to the country and its re*****tion. The appeal was rejected on June 22 and he was executed on July 10, 2007.[7]

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