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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 biorunon Oct 06, 2021 6:38am
238 Views
Post# 33972298

Update- key info on potential deal

Update- key info on potential dealThis part in bold underline particularly looks important for me. In my view, this would imply there is no cash concern and a global deal is in making. I am curious if two are linked.

Sirona’s last private placement financing was over 2 years ago, a similar financing is not being planned. Management will execute a strategy which will include non-dilutive sources.

With the completion of the due diligence of our top 10 global pharma partner, a decisive phase is approaching. While our scientists in France are making excellent progress in advancing our pipeline, management is fully focused on closing concrete agreements and sustainably increasing shareholder value.

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