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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 Transperanceon Dec 08, 2022 9:37am
216 Views
Post# 35158714

Change of operational policy

Change of operational policyThe 1067 clinical trial was financed by a third party and from earlier NR, I am sure it was stated that the clinical trial for 1326 would also be financed by a third party.

This statement from today’s NR comes as a nice surprise: “The clinical trial (for 1326) is fully financed, owned and controlled by Sirona.”

In my view, this sentence is the first really positive and potentially value-adding news in years.

Thus, there will be no third party right of first refusal. If results are favourable, it gives Sirona an opportunity to let multiple third parties compete in the bidding for the compound. With the assistance of Linda Pullan, I think Sirona will be able to succeed with that kind of bidding activity.

I am not selling any shares at this point of time.

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