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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 bazooka73on Apr 05, 2024 10:36am
146 Views
Post# 35972633

What a fail....

What a fail....
Sorry, but this private placement is or was a bad joke. It took this incompetent management two months to raise just $130k. WTF?!?? I wouldn't be surprised if most of these new funds have already been used for the costs of the PP. But it just means that there is hardly anyone who is willing to invest in Sirona anymore. Not even if they received any warrants as goodies.
The management's goal was to raise $1 million. They missed this target by around 86%... And now they seriously think they can find someone to raise $10 million for the AA launch? Unrealistic is just a nice term for this management
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