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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

Comment by Transperanceon Sep 11, 2021 11:02am
173 Views
Post# 33844912

RE:RE:RE:Told you so

RE:RE:RE:Told you soForhandlaren,

I can only agree with you. If Sirona financed the clinical study themselves, they could indeed have invited all interested third parties and not only one. The gain by having the study financed by a third party is negligible compared to a situation of competition among the third parties.

Now, the question is whether terms were negotiated and agreed with the third party ex ante or ex post the execution of the clinical trial. If terms are to be negotiated ex post, then certainly there is a risk that history will once again repeat itself and we will once again see a deal, like the R+F one, that is not very profitable. Time will tell.

The result from the clinical study was launced end of March, deadline for due diligence and negotiations might be end of September, giving the third party a period of 6 months. One can only guess.

Maybee we can expect a NR before November, or not. The Major is likely not in a hurry. 
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