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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 Turtle4on Mar 13, 2024 6:00am
183 Views
Post# 35929874

Why no Allergan product?

Why no Allergan product?
I think Allergan was really working at high pressure on a launch. But then Sirona published the following sentence about the Gycoprotemim study:

"TFC-1326 could be a stand-alone product for anti-aging or an adjunctive option to Botox® and dermal filler treatments depending on consumer goals."

So it has the potential to complement or REPLACE Botox and Juvederm. Sirona probably wanted to force a deal with Allergan with this sentence, but it didn't come to that. The negotiations probably broke off at the end of last year because Howie didn't want to accept another deal with bad conditions. Now Allergan sees its annual 4 billion net revenue with Juvederm and cosmetical Botox in danger. If Allergan can't buy/license the drug, they can at least try to bleed Sirona dry, knowing full well what Sirona's financial situation is.
 
What do you think?
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