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Bullboard - Stock Discussion Forum 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... see more

TSXV:SBM - Post Discussion

Sirona Biochem Corp > Recent financing raise -clue?
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Post by biorun on May 04, 2023 10:54am

Recent financing raise -clue?

They were out of money, did a financial debenture, two things come to mind:

1) the significant investment by the CEO (call it greed or smoke signal)

2) they specifically said only 1/3 is for corporate burn. We know they need a lot more than that to keep lights on, so do they expect an injection from either milestone payment signalling product launch on 1067 agreement with AbbVie, a new deal with upfront payment or a non diluted research funding support from French Government?

These points have me wondering for sure.
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