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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

Post by Pareto8020on Jun 22, 2021 8:05am
218 Views
Post# 33425959

Getting Ugly

Getting UglyWell all things SBM on twitter seem to be turning equally ugly as they have on this board.  For good reason obviously - Howard has strung along investors for years now and just keeps moving the goal post out by months as he can't deliver..... on pretty much anything.  May be more CEO'ing vs. Dr.'ing is needed.    

If he can't deliver on anything meaningful on their own milestone list by end of July like they state then it is just going to get even uglier and more will shed their SBM shares in frustration. 

Just over a week left in June so they are down to a month + to complete the below milestones.  If they can even get one done it will be a miracle given their track record.  Hence why the share price is bottomed out since nobody believes Howard's lies any longer - they need action not promises that aren't kept:

Sirona anticipates achieving the following milestones within the next 2 months:
• Finalize due diligence and agree on terms with new organization in China
• Complete an additional licensing agreement for the SGLT2 inhibitor in new markets
• Secure non-dilutive funding through anticipated collaborations
• Finalize Tinyi agreement
• Complete Phase I clinical trial in China for the SGLT2 Inhibitor and advance to Phase II
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